Announced Tue, 28 Jul · 07:55 IST
L1 bidder for Chhattisgarh barrage project worth Rs. 569 crores
OMINFRAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Om Infra declared lowest bidder (L1) for Mohmela Sirpur Barrage Project in Chhattisgarh by the state Water Resources Department. The Rs. 568.98 crore contract covers barrage construction, pipe irrigation network, and 5 years of operation and maintenance on Mahanadi River in Raipur district. Company is awaiting the formal Letter of Intent to begin execution, adding a sizeable project to its order book.
Likely market impact
Significant order win strengthens order book; positive for revenue visibility. Awaiting LOI before execution begins.