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Shradha Infraprojects’ arm enters into sub-contract agreement with Jain Engineering Works

11 Jan 2023 Evaluate

Shradha Infraprojects’ fellow subsidiary -- Achievers Ventures has entered into Sub-contract agreement with Jain Engineering Works (India), on January 10, 2023, for execution of work and packages, for a total aggregate consideration of Rs 140.87 crore exclusive of GST and all other applicable taxes & duties.

Out of Rs 140.87 crore, order of Rs 19.27 crore bagged for engineering, procurement, construction, testing, commissioning, trial run and operation & maintenance of various components Niwadi-Prathvipur - II Multi Villages Rural Water Supply Scheme, District Tikamgarh, (Madhya Pradesh) for 81 villages of block Prathvipur, for ultimate capacity of bringing 15.70 MLD treated water (23 hours pumping) from Nandanwara Dam on Bargi River, located near village Rampura Khas Block Prathvipur, District – Tikamgarh.

Order of Rs 31.87 crore has received to improve water supply services in Satai & Bijawar Nagar Parishads in MPUSIP-6J- Chhatarpur District and Jatara & Khargapur Nagar Parishads in Tikamgarh District in Madhya Pradesh and order of Rs 89.73 crore secured to improve water supply services in Koth, Kotar, Jaitwara and Birsingpur Nagar Parishads in Satna District Satai & Bijawar Nagar Parishads in Madhya Pradesh.

Shradha Infraprojects is a real estate development company, engaged in the business of development and sale of residential as well as commercial properties (the ‘Development Business’) and the development and leasing of commercial properties (the ‘Lease Business’) as this provides them with stable cash flows.

Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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