Vijay Kedia-backed Small-cap Infra Firm Secures Rs 410 Crore Hydro-Mechanical Contract for 540 MW KWAR Hydro Electric Project in Jammu and Kashmir
The company’s shares have delivered an impressive return of over 320 per cent in just 2 years.
This Small-Cap infrastructure development company focused on water management, civil construction, and engineering solutions announced a major new contract win for hydro-mechanical (HM) works valued at Rs 410 crore for the KWAR Hydro Electric Power Project (540 MW) from Chenab Valley Power Projects Ltd in Jammu and Kashmir.
This project, expected to span 36 months, highlights Om Infra Ltd’s leadership in delivering large-scale, innovative infrastructure solutions within India’s hydroelectric power sector. The scope of work includes comprehensive hydro-mechanical responsibilities, such as the design, procurement, manufacturing, inspection, shop assembly, testing, painting, transportation, site storage, site erection, and commissioning of all HM equipment. This includes radial gates, vertical gates, stop logs, gantry cranes, trash racks, a trash rack cleaning machine, and a steel liner for the pressure shafts for the KWAR HE (540 MW) project.
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Vijay Kedia's Kedia Securities Private Limited holds approximately a 2.49 per cent stake, as per the September quarter update.
Share Performance
At the start of today’s trading session, Om Infra Ltd opened at Rs 162.45 per share, compared to Friday's closing of Rs 155.50 per share on the BSE. Currently, the company’s shares are trading at around Rs 154.85 per share on the BSE. The current market capitalization stands at Rs 1,491 crore, and the stock has generated an impressive return of over 65 per cent in the past 1 year.
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Financial Performance
As per the Quarterly Results in June 2024, Om Infra Ltd recorded a revenue of Rs 169 crore compared to Rs 267 crore representing a de-growth of around 36.47 per cent YoY. The operating profit for the period stood at Rs 17 crore with a margin of 10 per cent compared to Rs 20 crore with a margin of 8 per cent. The net profit stood at Rs 13 crore compared to a profit of Rs 14 crore. Looking at the annual performance, the company generated a revenue of Rs 1114 crore in FY24, compared to Rs 799 crore in FY23. The operating profit for FY24 was Rs 79 crore, with a net profit of Rs 47 crore compared to a profit of Rs 13 crore.
Disclaimer: The article is for informational purposes only and not investment advice.