Om Infra Limited Secures Major Contract as Lowest Bidder for Chhattisgarh Water Resource Project
Om Infra Limited has emerged as the Lowest Bidder (L1) for a significant water resource project in Chhattisgarh, securing a contract valued at ₹ 568.98 Crores. The company was identified as the L1 bidder based on data released by the Water Resources Department (WRD).The commercial infrastructure contract involves the Mohmela Sirpur Barrage Project and all associated works. These duties include establishing the pipe irrigation network, along with five years of operation and maintenance following the completion of construction work on Mahanadi River in Tahsil-Arang, Dist. Raipur, Chhattisgarh.
This project represents a major opportunity for Om Infra Limited, highlighting the company’s capabilities in complex civil engineering and advanced micro-irrigation systems. Management noted that the successful bid underscores the company's execution capabilities in both barrage construction and hydro-mechanical works.
The contract is set to deliver highly efficient and sustainable water management solutions to the region. The company stated its readiness to receive the formal Letter of Intent (LOI) to initiate project execution.
OMINFRAL Stock Price Movement
Shares of OM INFRA LIMITED slipped by 0.46% on Monday, settling at ₹87.04. The stock traded within a range between ₹86.19 and ₹88.59, with a volume of 50,494 shares recorded during the session.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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