Sattva Engineering Wins Contract to Design and Build Sewage Treatment Plant for Thiruverkadu Municipality
Sattva Engineering Construction Limited has secured a major contract with Thiruverkadu Municipality to design, engineer, build, and commission a 46 MLD capacity sewage treatment plant in Koladi. The project also includes operation and maintenance for ten years at the site.The company received the Letter of Acceptance (LOA) from Thiruverkadu Municipality on June 12, 2026, for the project detailed as 'DESIGN, ENGINEERING, BUILD AND COMMISSIONING OF 46 MLD CAPACITY SEWAGE TREATMENT PLANT AT KOLADI WITH SEQUENTIAL BATCH REACTOR (SBR) INCLUDING OPERATION AND MAINTENANCE FOR 10 YEARS AT THIRUVERKADU.'
The total contract value stands at Rs 108,40,21,646/- excluding GST. This comprehensive deal covers both the construction and subsequent operation and management of the plant.
According to details provided by the company, the contract valuation is distributed as follows:
| Component | Contract Value (Excluding GST) |
|---|---|
| Construction | Rs 78,78,77,946/- |
| Operation & Management | Rs 29,61,43,700/- |
The project timeline includes Design, Construction, and Commissioning for a period of 18 months, followed by 120 months dedicated to operation and maintenance. A significant term of the contract requires the company to provide a Performance Bank Guarantee equivalent to 10% of the Contract value including GST within 15 days of receiving the LOA and agreement.
The project is designated as domestic in nature, and the awarding entity, M/s Thiruverkadu Municipality, is a domestic entity. The contract falls under the category of Bagging of Contract/Receipt of LoA for Tender.
SATTVAENGG Stock Price Movement
Today, Sattva Engineering Construction Limited saw its shares rally to close at ₹62.10, gaining 1.80%. The stock traded for a total volume of 3,200 shares during the day.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.