Greenleaf Envirotech Lands Rs 14.63 Crore Contracts for Sewage Treatment Plant Projects
Greenleaf Envirotech Limited has secured three Letters of Acceptance (LOAs) from M/s. Water Corporation of Odisha (WATCO), aggregating to a total value of Rs 14.63 Crores, exclusively excluding GST. The contracts relate to critical civil works involving the design and construction of water management infrastructure.The LOAs confirm that Greenleaf Envirotech will execute significant projects for WATCO, covering the scope of Design, Drawing, Construction, Testing & Commissioning of a Sewerage System, Sewage Treatment Plant (STP), and Effluent Treatment Plant (ETP). The contracts also include provisions for Operation and Maintenance (O&M) services.
The aggregate value of Rs 14.63 Crore is spread across three individual work orders with distinct values: Rs 5.05 crore, Rs 4.73 crore, and Rs 4.85 crore. These are all contracts awarded by a domestic entity.
A detailed breakdown of the received contracts is provided below:
| Order Detail | Contract Value (Excl GST) | Scope of Work | Entity Awarding Order |
|---|---|---|---|
| Three Work Orders | Rs 14.63 Crore | Design, Drawing, Construction, Testing & Commissioning of Sewerage System, STP, and ETP, including O&M. | M/s. Water Corporation of Odisha (WATCO) |
| Individual Contract Values | Rs 5.05 crore, Rs 4.73 crore, Rs 4.85 crore | N/A | Domestic Entity |
The contracts require Greenleaf Envirotech to submit the prescribed Initial Security Deposit and, where applicable, Additional Performance Security. Companies are required to execute the agreement within 15 days of receiving the Letter of Acceptance. The stipulated timeframe for completing these orders is 12 months.
Securing these work orders is expected to strengthen the company's order book and enhance revenue visibility. The contracts offer improved operational performance and profitability, thereby supporting Greenleaf Envirotech’s long-term business growth. There was no interest held by the promoter group in WATCO, and the transactions are not classified as related party transactions.
GREENLEAF Stock Price Movement
Greenleaf Envirotech Limited closed higher today, settling at ₹101.60 after posting a 4.96% gain on the stock. The equity traded within a tight intraday range, moving between a low of ₹99.70 and a high of ₹101.60 amid 32,000 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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