Greenleaf Envirotech Secures Rs 4.16 Crore Contract for Water Corporation of Odisha
Greenleaf Envirotech Limited has received a Letter of Acceptance (LOA) from M/s. Water Corporation of Odisha (WATCO), securing a work order valued at Rs 4.16 Crores, exclusive of applicable GST. The contract covers the complete lifecycle of infrastructure development and maintenance for essential water management systems in Odisha.The awarded project involves the design, drawing, construction, testing, and commissioning of a comprehensive Sewage System, Sewage Treatment Plant (STP), and Effluent Treatment Plant (ETP). Crucially, the scope also includes the subsequent Operation and Maintenance (O&M) of these plants. The work order was granted following a competitive bidding process with WATCO, a domestic entity.
The contract duration is set for 12 months. According to the details provided by the company, the execution of the contracts requires adherence to the terms specified in the original tender documents and includes the submission of prescribed security deposits.
Project Contract Details
| Particulars | Details |
|---|---|
| Awarding Entity Name | M/s. Water Corporation of Odisha (WATCO) |
| Order Nature | Design, Drawing, Construction, Testing & Commissioning of Sewerage System, STP & ETP, including Operation & Maintenance |
| Contract Value | Rs 4.16 Crore (excluding GST) |
| Project Duration | 12 Months |
| Entity Type | Domestic |
The contract is not related to any promotional activities by the promoter or the promoter group in relation to WATCO. The work order was noted to be a non-related party transaction.
Greenleaf Envirotech stated that this significant contract is expected to strengthen the company's order book. Furthermore, it is anticipated to enhance revenue visibility, improve operational performance and profitability, and support the organization's long-term business growth.
GREENLEAF Stock Price Movement
Greenleaf Envirotech Limited shares gained strongly on Friday, settling at ₹111.85 after closing 4.65% higher in the market session. The stock saw a trading volume of 25,000 shares, demonstrating robust investor interest.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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