Shradha Infraprojects Limited has informed the Exchange about General Updates regarding Execution of Agreement for Sub-Consultancy of services between ACTIVE INFRASTRUCTURE LIMITED ( Subsidiary Company ) & NIPPON KOEI INDIA PRIVATE LIMITED for the agreed Sub-Consultancy fees of INR 37.12 Crores only
SHRADHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shradha Infraprojects Limited's subsidiary, Active Infrastructure Limited, has signed a sub-consultancy services agreement with Nippon Koei India Private Limited. The agreed sub-consultancy fees are INR 37.12 Crores. The filing was made as a general update to inform the exchange about this new agreement. Details on the project scope, duration, or timelines were not disclosed in the announcement.
This is a positive development as it represents a sizeable new engagement for the subsidiary, potentially adding to future revenue. However, since this is at the subsidiary level and the company is Shradha Realty (not directly Infraprojects), the direct impact on Shradha Realty shareholders is limited without further clarity on consolidation.