Shradha Infraprojects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
SHRADHA · price
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Awaiting price reaction for this filing.
Shradha Infraprojects' material subsidiary, Active Infrastructures Limited, has received a purchase order worth Rs. 5.30 crore (plus applicable taxes) from Mecgale Pneumatics Pvt. Ltd. The order is for the supply of materials for up-gradation of visitor amenities, enhancement of built and natural features at Chaturdash Devta Temple and Kasba Kalibari Temple, and reconstruction of Yatri Niwas at Chaturdash Devta Temple in Agartala, Tripura. The end client is Tripura Tourism Development Corporation Limited (TTDCL), making it a domestic government-linked infrastructure project. The order is to be executed within 12 months. The promoter group has no interest in the awarding entity, and the transaction is not a related party deal.
This is a modest Rs. 5.30 crore order for the material subsidiary and a positive addition to the order book, though the size is small relative to typical infrastructure companies. It signals continued business activity in government-linked tourism infrastructure projects in Tripura. Shareholders should view this as mildly positive but not a major catalyst unless more such orders follow.