Intimation of receipt of LOI from Mehul Roadways for the Construction of Industrial Shed Building
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shashijit Infraprojects Limited has received a Letter of Intent (LOI) dated 14th May, 2026 from Mehul Roadways for civil construction work of an Industrial Shed Building. The contract value is ₹4.00–4.50 crores (excluding taxes), to be executed within 12–15 months. The order is awarded by a domestic entity and is not a related party transaction. No promoter interest has been disclosed. This is a standard construction contract announcement under SEBI Listing Regulations.
A positive but modest development — the ₹4–4.5 crore order provides near-term revenue visibility for a small infrastructure firm, though the overall financial impact depends on the company's existing revenue base.