Twamev Construction and Infrastructure Limited has informed the Exchange regarding Disclosure of Information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Receipt of Letter of Acceptance for Re-building of Employees Quarter at ISP Township in Phase-1 of SAIL-ISP Burnpur, IISCO Steel Plant
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Twamev Construction and Infrastructure Limited has received a Letter of Acceptance (LOA) from Steel Authority of India Limited (SAIL) for rebuilding employee quarters at the ISP Township in Phase-1 at SAIL-ISP Burnpur, IISCO Steel Plant in West Bengal. The total contract value is Rs. 19,04,65,887.63 (approximately Rs. 19.05 crore, inclusive of GST). The work must be completed within 12 months from the effective contract date. The company must submit a security deposit of Rs. 95,23,295 (5% of contract value) as a Performance Bank Guarantee within 20 days. SAIL is a central government-owned steel PSU, making this a government infrastructure contract.
This is a new order win from a government PSU that adds near-term execution visibility for Twamev Construction. The contract value (~Rs. 19 crore) is meaningful given the company's relatively small market capitalisation, potentially representing a significant portion of annual revenues. The 12-month timeline suggests steady revenue recognition ahead.