Penny Stock Under Rs 50: Company secures Rs 26.37 Crore Order for Water Supply & Drainage Projects; Order Book Stands at Rs 242.23 Crore
The stock’s 52-week high is Rs 141 per share and its 52-week low of Rs 40 per share.
V.L. Infraprojects Limited has secured a significant domestic work order valued at Rs 26.37 crore (excluding GST) from Gujarat Urban Development Company Limited. This contract mandates the execution of crucial water supply and underground drainage projects in Balasinor, Gujarat, under the AMRUT 2.0 and SJMMSVY schemes. Scheduled for completion within approximately two years, this project will substantially enhance the region's essential public utilities. This win bolsters the company's total order book to approximately Rs 242.23 crore, demonstrating its robust growth and established position within the infrastructure development sector.
This new contract underscores V.L. Infraprojects Limited’s consistent ability to secure and execute vital urban infrastructure projects. The company's focus on operational excellence and commitment to sustainable development positions it favourably within India's expanding infrastructure market. By contributing to the development of essential services like water supply and drainage, V.L. Infraprojects Limited is playing a key role in improving the quality of life in communities across Gujarat and beyond, while also strengthening its own market presence and financial stability
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V.L. Infraprojects Ltd (VLIPL), incorporated in 2014, is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified company engaged in construction, laying, and commissioning contracts for various infrastructure projects, primarily focused on irrigation and water supply. VLIPL executes water supply and sewerage infrastructure projects, including pipe procurement, laying, joining, and commissioning, along with related civil engineering works such as constructing pumping stations and installing electro-mechanical equipment.
Their services encompass all aspects of road construction, irrigation, water infrastructure, and environmental projects, also offering operations and maintenance services for water distribution pipelines. The company's EPC operations are divided into verticals including water pipeline construction, irrigation projects, road construction, and building construction.
The stock’s 52-week high is Rs 141 per share and its 52-week low of Rs 40 per share.
Disclaimer: The article is for informational purposes only and not investment advice.