Hot Pursuit     21-Sep-23
Vishnu Prakash JV bags LoA for sewerage system in Rajasthan
Vishnu Prakash R Punglia said that its joint venture (JV) -B&G has received a letter of award (LoA) from Municipal Board, Piparcity (Jodhpur), Rajasthan for testing and commissioning of sewerage system.
The said order includes providing, laying, jointing, testing and commissioning of Sewerage System and all ancillary works along with design, construction, supply, installation, testing and commissioning (civil, mechanical, electrical, instrumentation and other necessary works) of Sewage Pumping Station, Sewage Treatment Plant based on SBR process with provision for treated waste waterreuse including 1 year defect liability with 10 years O&M for Nagar Palika Piparcit.

The bid project cost is Rs 73.07 crore.

Vishnu Prakash R Punglia is an integrated engineering, procurement and construction (EPC) company with experience in design and construction of various infrastructure projects for the Central and state government, autonomous bodies, and private bodies across nine states and one Union territory in India.

Shares of Vishnu Prakash R Punglia debuted on the bourses on 5 September 2023. The scrip was listed at Rs 163.30, representing an 64.95% premium to the issue price of Rs 99.

The company's consolidated net profit jumped 102.1% to Rs 90.64 crore on 48.7% increase in net sales to Rs 1,168.40 crore in FY23 over FY22.

The scrip declined 1.91% to Rs 170 on the BSE.

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