Bagging/Receiving of orders/contracts
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sobhagya Mercantile Limited has received a major government contract from Vidarbha Irrigation Development Corporation (Government of Maharashtra) for constructing the Adyal Lift Irrigation Scheme under the Gosikhurd Project in Chandrapur district. The contract value is Rs. 260.53 crore (Rs. 2,605.36 million) with a execution timeline of 33 months. The company holds a 40% stake in the joint venture M/s Adyal L.I.S. JV (partner: S.S. Fabricators & Manufacturers Pvt Ltd with 60% stake). A security deposit of Rs. 2.61 crore needs to be submitted within 10 days of receiving the award letter dated 07th May 2026. This is a domestic order from a government irrigation corporation.
This is a significant contract win for Sobhagya Mercantile, representing a substantial government infrastructure order. The 33-month project duration provides sustained revenue visibility, though the company's 40% JV stake means earnings will be shared. For shareholders, this signals a positive development given the size of the contract relative to a company of this scale.