SRM Contractors Limited has informed the Exchange about Bagging of New Tender of INR 483 cr from MSIDCL
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SRM Contractors Limited has won a major construction contract worth INR 483 Crores from Maharashtra State Infrastructure Development Corporation Limited (MSIDC). The contract involves building Package 6 of the Nashik Ring Road (Southern side), spanning 14.020 km, under an EPC (Engineering, Procurement, and Construction) model. The project has a timeline of 12 months from the appointed date. This is a domestic order with no related party involvement. The company disclosed this win under SEBI's Regulation 30 listing obligations, providing all required annexure details including confirmation that no promoter group entities have interest in MSIDC.
This INR 483 Crore contract represents a substantial new order win that should meaningfully boost the company's order book and future revenue visibility. For shareholders, this is a positive development as it demonstrates the company's ability to secure large-scale government infrastructure projects.