Manglam Infra & Engineering Limited Secures Consultancy Contract for Elevated Corridor Project
Manglam Infra & Engineering Limited has received a Letter of Award (LOA) from the Office of the Chief Engineer (PW(R&B) Department), Jammu Zone, for a significant consultancy project involving an elevated corridor. The contract focuses on providing professional services for infrastructure development in Jammu.The awarded work pertains to the Elevated Corridor (Flyover) spanning from Amphalla Chowk (B.C. Road) to Roop Nagar T-Junction via Janipur. This contract represents a financial commitment of Rs. 6.51/- Crores (approx.).
As per the details, Manglam Infra & Engineering Limited was awarded this domestic consultancy work. The project has been allocated a timeframe of three months for execution.
The material terms and conditions of the contracted work are summarized below:
| Aspect | Details |
|---|---|
| Awarding Entity | Office of the Chief Engineer (PW(R&B) Department), Jammu Zone |
| Nature of Work | Consultancy for Elevated Corridor (Flyover) from Amphalla Chowk to Roop Nagar T-Junction via Janipur |
| Contract Value | Rs. 6.51/- Crores (approx.) |
| Time Period | 03 Months |
| Transaction Status | Domestic Entity; No conflict of interest with the awarding entity; Not a related party transaction |
The project details confirm that the contract is domestic in nature, and there are no interests or relationships between Manglam Infra & Engineering Limited's promoter group and the entity that awarded the order.
MIEL Stock Price Movement
Manglam Infra & Engineering Limited shares rallied today, with the stock edging up 3.33% to settle at ₹12.40. The movement was supported by a total trading volume of 2,000 shares during market activity.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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