<h1>Rachana Infrastructure Limited Receives LOA for Road Construction Project in Gujarat</h1>
Rachana Infrastructure Limited has received a Letter of Acceptance (LOA) for a major infrastructure project located in Botad, Gujarat. The contract involves the construction of Four Laning of Barwala-Salingpur-Botad Road (SH-118).
The order was awarded by the Office of The Executive Engineer Botad (R&B) Division and has been designated as a domestic entity opportunity. This project is part of an infrastructure initiative in the Botad district of Gujarat.
Key financial and operational details of the contract have been confirmed by the company.
| Detail | Specification |
|---|---|
| Awarding Entity | Executive Engineer Botad (R&B) Division, Botad |
| Project Scope | Construction of Four Laning of Barwala-Salingpur-Botad Road (SH-118), Km 00/00 to 22/500 (Length 22.500) |
| Contract Value | ₹ 91,35,69,461/- (excluding GST) |
| Performance Security Amount | Rs. 4,56,79,000/- |
| Execution Timeline | 18 Months from the date of Work Order issuance |
The contract stipulates that a performance security amount of Rs. 4,56,79,000/ must be provided within 10 days of receiving the Letter of Acceptance. This performance security is required to remain valid up to beyond 60 days from the date of the defects Liability period.
Rachana Infrastructure Limited has successfully secured this contract opportunity, which is set for execution over the next eighteen months starting from the issuance of the Work Order.
RILINFRA Stock Price Movement
Rachana Infrastructure Limited closed today, edged higher after gaining 0.4% and settling at ₹37.7. The stock traded relatively quietly, with a total volume of 4,900 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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