SRM Contractors Ltd Bags Contracts Worth Rs 168 Crores from NHAI and Maharashtra Public Works Department
SRM Contractors Ltd has secured contracts totaling Rs 168 Crores, spanning major civil infrastructure projects awarded by both the National Highways Authority of India (NHAI) and the Public Works Department of Maharashtra. The wins cover critical construction and remedial work in key national corridors.The company has received contracts from two major state and central agencies. The first major contract was awarded by the National Highways Authority of India (NHAI) for Rs 128 Crores. This significant deal involves the construction of long-term remedial measures for identified landslide locations. Specifically, the work is focused on the Thalout, Ch. 229+600 To Ch. 230+100 section between PANDOH TO KULLU on NH-03 (Old NH-21) in Himachal Pradesh, executed under an Engineering, Procurement, and Construction (EPC) mode. The execution period for this contract is stipulated to be 12 Months from the appointed date.
Additionally, SRM Contractors Ltd secured a contract from the Public Works Department, Maharashtra, valued at Rs 40 Crores. This contract involves constructing a 2L + PS configuration road, including a Minor Bridge and Culvert in forest stretches (L-7.1 Km.), along with the remaining MJB work on the Nal River. The project focuses on the Nandgaon Peth-Morshi Warud MH/MP Border Road Section of NH- 353K, also executed on an EPC Mode in Maharashtra. The duration allotted for this work is 18 Months from the appointed date.
The details of the acquired contracts and their key specifications are outlined below:
| Contract Entity | Contract Value | Nature of Work | Duration |
|---|---|---|---|
| National Highways Authority of India (NHAI) | Rs 128 Crores | Construction of Long-Term Remedial measures (Landslide location, NH-03 in Himachal Pradesh) | 12 Months from the appointed date |
| Public Works Department, Maharashtra | Rs 40 Crores | Construction of road, Minor Bridge, and Culvert (NH- 353K in Maharashtra) | 18 Months from the appointed date |
The company confirmed that both awarded contracts were domestic in nature. Furthermore, the filings indicate that neither the NHAI nor the Public Works Department of Maharashtra are related parties, nor does the promoter group have any interest in the respective awarding entities.
SRM Stock Price Movement
Shares of SRM Contractors Limited are rallying as of 2:13 PM, gaining 10.16% in live trading and currently sitting at ₹550.95. The stock has experienced significant movement today, trading within the ₹506.55 to ₹568.35 range on a total volume of 553,178 shares.Source:
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.