Multibagger civil construction company bags new order worth Rs 123,34,00,000 from JWIL-VKMCPL (JV) under Palamu Pipeline Irrigation Scheme
The stock gave multibagger returns of 440 per cent from its 52-week low of Rs 73 per share.
Vishnusurya Projects and Infra Limited has secured an EPC contract from JWIL-VKMCPL (JV) for the Palamu Pipeline Irrigation Scheme. The scope involves designing and constructing the Palamu Project on a turnkey basis, excluding O&M, to fill the reservoir by lifting 4.498 MCM water from the North Koel River and 19.429 MCM water from the Auranga River via the Malay Dam and Kachharwarter Dam. The project is in Palamu District, Jharkhand, and is estimated to be completed in 24 months with a one-year DLP period. The contract value is Rs 123,34,00,000 plus GST.
Earlier, the company in partnership with Gorantla Geo Synthetic Private Limited, was awarded a contract by the Tambaram City Municipal Corporation for the removal of legacy waste at the Kolathur (Appur) dumping yard using the bio-mining process. The project, valued at Rs. 35,77,97,484/-, will involve removing 492834 MT of legacy waste from the dumping yard over 24 months. This contract is part of the Tambaram City Municipal Corporation's Solid Waste Management Scheme.
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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 Rs 969.50 crore with an ROE of 49 per cent and an ROCE of 45 per cent. The stock gave multibagger returns of 440 per cent from its 52-week low of Rs 73 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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