VVIP Infratech Secures Rs. 414 Crore Government Contracts; Stock Hits 5% Upper Circuit

Summary

VVIP Infratech Limited has received multiple Letters of Acceptance (LOA) and Letters of Intent (LOI) totaling Rs. 414 Crores from various government departments. The contracts span sewerage network development in Uttarakhand and electric distribution projects in Uttar Pradesh.

Stock Performance

  • Following the announcement, VVIP Infratech Limited ’s stock hit 5% upper circuit, rising Rs. 171.70

  • Market Capitalization: Rs. 428.73 Crore


Key Details of the Contracts

  • Total Contract Value: Rs. 414 Crore

  • Awarding Authorities: Government departments in Uttarakhand and Uttar Pradesh

  • Project Scope:

    • Sewerage Network Segment:

      • Supplying, laying, jointing, constructing, testing, and commissioning of sewerage networks and house connections in Rishikesh (Zone PSZ-6) under Package-7.

      • Total contract value for this segment: Rs. 175.80 Crores

    • Electric Distribution Segment:

      • Revamped Distribution Sector Scheme (RDSS) projects in Uttar Pradesh.

      • Includes Cluster-1 (Bulandshahr Zone), Cluster-2 (Saharanpur), Cluster-3 (Moradabad Zone), and Cluster-4 (Meerut Zone).

      • Total contract value for this segment: Rs. 238.36 Crores.

About the Company:

Incorporated in 2001, VVIP Infratech Ltd specializes in infrastructure projects like sewer treatment plants, water facilities, roads, and electrification

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