VL E Governance & IT Solutions Limited has informed the Exchange about Memorandum of Understanding with EKANSH CONCEPTS LIMITED
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VL E-Governance & IT Solutions has signed an MoU with Ekansh Concepts Limited to act as the EPC (Engineering, Procurement & Construction) partner for the Sankalp Industrial Smart City Project. The project is strategically 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 project includes rooftop solar installations, power infrastructure, data centers, large-scale warehousing hubs, and a residential township with smart infrastructure. The MoU is valid for two years and may be renewed by mutual agreement. There is no related party involvement or shareholding exchange between the parties.
This is a significant order win for VL E-Governance with a potential ₹800 crore EPC contract, which could materially boost its revenue pipeline if converted into a firm order. Shareholders may view this positively as it expands the company's footprint into large-scale smart city and industrial infrastructure projects, though execution risk remains until the MoU is converted into a binding contract.