Twamev Construction and Infrastructure Limited has informed the Exchange about General Updates regarding Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, wrt increase in the value of existing contract, LOA No. being 01145880087085 dated 18th September, 2023
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Twamev Construction and Infrastructure Limited has received a upward variation of Rs. 15.38 crore on its existing contract with East Coast Railway. The original Letter of Acceptance (LOA) value was Rs. 62.60 crore, awarded on 18 September 2023 for construction of flyover bridges and major bridges on the Haridaspur-Paradeep Line under KUR Division. With the variation, the revised LOA value now stands at Rs. 77.98 crore, a roughly 24.6% increase over the original contract. The contract completion deadline is 30 June 2026. This is a government railway infrastructure project involving bridge construction work.
This is a positive development as it boosts the company's order book by Rs. 15.38 crore without the cost/bidding risk of winning a new tender, and signals continued trust from Indian Railways. The increase in scope should translate to incremental revenue and margin over the remaining contract period, though execution timeline until mid-2026 remains a factor for shareholders to watch.