Greenleaf Envirotech Secures Rs 23.61 Crore Work Order for Sewerage Infrastructure Project
Greenleaf Envirotech Limited has received a significant work order from M/s Malvika Technical Services, totaling Rs 23.61 Crores. The contract involves executing a comprehensive sewerage infrastructure project, providing the company with a substantial operational commitment spanning 12 months.The domestic work order is for Greenleaf Envirotech and covers various aspects of the sewage treatment and network development. According to details provided by the company, the contract value of Rs 23.61 Crores includes all applicable taxes, duties, royalties, transportation, insurance, testing charges, statutory compliances, and incidental expenses.
The project scope is defined as back-to-back work for the execution of a sewerage infrastructure project. This encompasses design, engineering, procurement, construction, supply, installation, testing, commissioning, and Operation & Maintenance (O&M) of Sewage Treatment Plants (STPs), along with the associated sewerage network and allied works.
Key details regarding this contract are presented below:
| Category | Detail |
|---|---|
| Client Entity | M/s Malvika Technical Services |
| Contract Value | Rs 23.61 Crores (all inclusive) |
| Execution Period | 12 Months |
| Order Origin | Domestic entity |
| Nature of Work | Back-to-back execution for sewerage infrastructure project (Design, Engineering, Construction, O&M) |
The terms and conditions of the contract stipulate that payments are linked to certification and the receipt of funds from the principal client through an escrow account. The execution of the work is subject to performance obligations, statutory and client compliance requirements, insurance obligations, penalty recovery, termination provisions, and arbitration, which will be handled in Jaipur.
Greenleaf Envirotech confirmed that there is no interest held by the promoter or promoter group companies in M/s Malvika Technical Services, nor would the order fall under related party transactions.
GREENLEAF Stock Price Movement
Shares of Greenleaf Envirotech Limited today slipped by 4.12% to settle at ₹107, reflecting a decline of ₹4.60 in the post-market trading session. The stock saw an intraday range between a low of ₹107 and a high of ₹108.25 amidst 7,000 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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