Rs 5,086 Crore Order Book: Engineering Company Bags New Order Worth Rs 51.40 Crore From Jaipur Development Authority
The stock is up by 82.2 per cent from its 52-week low of Rs 141.35 per share.
Vishnu Prakash R Punglia Limited (VPRPL) has announced that its joint venture, VPRPL-RBIPL-JDA-JV, has been awarded a significant contract by the Jaipur Development Authority in Jodhpur, India. On January 23, 2025, the joint venture received a Letter of Acceptance from the Office of the Executive Engineer of the Jaipur Development Authority. This letter pertains to the project titled engineering, procuring, construction, commissioning (EPC) and performance run followed by O&M of sewerage Treatment plant of 30 MLD capacity at Swarn Vihar, Sanganer of Jaipur City based on Sequential Batch Reactor (SBR) Technology." Following the submission of the tender, VPRPL-RBIPL-JDA-JV was selected as the preferred contractor for this crucial undertaking. The tender, valued at Rs 51.40 crore, was rigorously evaluated and subsequently accepted by the competent authority.
Earlier, the company was chosen as the lowest bidder by the office of the Executive Engineer, Ministry of Road Transport and Highways, Regional Officer, Jaipur, for the construction of a 2-lane bypass with paved shoulders and a new ROB to Mandal town in Bhilwara district, Rajasthan. This project, connecting NH-158 to NH-48, will be executed in an EPC mode and has a total value of Rs 43.31 crore.
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About the Company
Vishnu Prakash R Punglia Limited is one of India's fastest-growing infrastructure development companies. Incorporated in 1986, Vishnu Prakash R Punglia Limited is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies across 9 States and 1 Union territory in India. As of September 30, 2023, the company’s order book stands at Rs 5,086 crore.
The company has a market cap of over Rs 3,100 crore and has delivered good profit growth of 58.5 per cent CAGR over the last 5 years. The shares of the company have an ROE of 25 per cent and an ROCE of 20 per cent. The stock is up by 82.2 per cent from its 52-week low of Rs 141.35 per share. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.