VL E Governance & IT Solutions Limited has informed the Exchange regarding a press release dated May 20, 2025, titled "VLE SIGNS MOU WITH EKANSH CONCEPTS LIMITED TO ACT AS AN EPC PARTNER TO EXECUTE THE SANKALP INDUSTRIAL SMART CITY PROJECT.".
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VL E-Governance has signed an MoU with Ekansh Concepts Limited to serve as the EPC (Engineering, Procurement & Construction) partner for the Sankalp Industrial Smart City Project. The project is located at the junction of the Mumbai–Nagpur Samruddhi Mahamarg and the Delhi–Mumbai Expressway, covering 494 acres in Phase I. The estimated EPC contract value is approximately ₹800 crores. The integrated development will include rooftop solar installations, power infrastructure, data centers, large-scale warehousing, and a smart residential township. The project is planned to expand into Phase II (565 acres) and Phase III (901 acres) upon successful completion of Phase I. This marks VLE's entry into large-scale industrial smart city infrastructure beyond its core e-Governance and IT services business.
This is a significant business expansion for VLE, potentially adding ₹800 crores to its order book in Phase I alone, with multi-phase growth potential. Investors may view this positively as it diversifies revenue streams into EPC and infrastructure, though execution risk and timeline will need to be watched closely given the company's limited prior track record in large-scale industrial EPC projects.