Civil construction company entered into an MoU with NTPC GE Power Services Private Limited
The stock is up over 50 per cent from its 52-week low of Rs 165.05 per share.
Vishnusurya Projects and Infra Limited had entered into Memorandum of Understanding (MOU) with NTPC GE Power Services Private Limited (NGSL) to undertake Engineering Procurement & Construction, Operation and Maintenance and advisory in connection with power sector projects.
This MOU creates an extended support and collaborate in sharing the expertise held by each other in achieving the common objective of exploring and identifying potential opportunities in EPC, Operations & Maintenance etc. through participating in bids. The arrangement shall be on Consortium / Joint Venture Agreement on mutual support and the specific terms that shall be on mutually agreed to for individual projects.
Vishnusurya Projects and Infra Limited has recently secured two significant contracts. The first is an EPC contract for the Palamu Pipeline Irrigation Scheme in Jharkhand, valued at Rs 123,34,00,000 plus GST. The company will design and construct the project, which involves lifting water from two rivers to fill a reservoir. The second contract, in partnership with Gorantla Geo Synthetic Private Limited, is for the removal of legacy waste at the Kolathur (Appur) dumping yard in Tambaram City, Tamil Nadu. This project, valued at Rs 35,77,97,484/-, will involve removing 492834 MT of waste over 24 months using the bio-mining process.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
About the Company
Vishnusurya Projects and Infra Limited is a diversified company involved in EPC projects, aggregate and manufactured sand production, solid waste management, and commercial space leasing. Their EPC projects cover water, transportation, rail, resources, and institutional development, serving both government and private entities in Tamil Nadu. They also mine rough stones and manufacture aggregates and manufactured sand using crushing and sand washing plants. Vishnusurya's projects focus on community connectivity, urban and rural development, economic growth, and sustainable infrastructure.
The company has a market cap of over Rs 600 crore with an ROE of 49 per cent and an ROCE of 45 per cent. The stock is up over 50 per cent from its 52-week low of Rs 165.05 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.