Sobhagya Mercantile's JV Secures Major Contract for Adyal Lift Irrigation Scheme, Valued at Rs 26 Crore
Sobhagya Mercantile Ltd. has successfully secured a significant construction contract through its joint venture partnership, M/s. Adyal L.I.S. (JV). The contract involves the Construction of Adyal Lift Irrigation Scheme under Gosikhurd Project in Tal. Bramhapuri, Dist. Chandrapur.The work order was awarded by Vidarbha Irrigation Development Corporation, Nagpur Office of Executive Engineer, Gosikhurd Right Bank Canal Division, Bramhapuri. M/s. Adyal L.I.S. (JV) signed the agreement on June 9, 2026, for this domestic project.
The joint venture is comprised of Sobhagya Mercantile Ltd., as a member holding 40% stake, and S. S. Fabricators & Manufacturers Private Limited, contributing 60%.
Contract Details and Financial Terms
The contract details reveal that the total consideration for the construction work amounts to Rs 260,53,36,041/-. The execution period for the order has been set at 33 months.Key financial requirements stipulated in the agreement include:
| Aspect | Detail |
|---|---|
| Contract Value | Rs 260,53,36,041/- |
| Initial Security Deposit | Rs 2,61,29,200/- (Paid as Bank Guarantee) |
| Stamp Duty Paid | Rs 25,00,000/- |
| Awarding Entity | Vidarbha Irrigation Development Corporation, Nagpur Office of Executive Engineer |
The contract acceptance by the undersigned authority on behalf of the Vidarbha Irrigation Development Corporation is documented under Agreement No. B-1/05/DL/ 2026-2027.
Stock Price Movement
Sobhagya Mercantile Ltd settled at ₹857.30 on Wednesday, registering a decline of 0.56%. The shares moved within an intraday range, reaching a high of ₹904.40 and touching a low of ₹856.65.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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