Vishnu Prakash R Punglia Ltd receives LOA for order worth Rs. 634.41 crores
Vishnu Prakash R Punglia Ltd (VPRPL), one of India’s fastest-growing Infrastructure Development Companies, has recently achieved a significant milestone. The company has received a Letter of Award (LOA) for an order worth Rs. 634.41 crores. This news has made waves in the industry, marking a new chapter in VPRPL’s journey of infrastructure development.
A Brief Overview of VPRPL
Established in 1986, VPRPL has been dedicated to customer satisfaction and trustworthiness. The company transitioned from a partnership firm to a Joint Stock Company under Chapter IX of the companies act 1956 in April 2013. With its headquarters in Mumbai, Maharashtra, VPRPL has been maintaining a legacy of innovation in engineering designs and construction.
The company’s principal business operations are Infrastructure Development Works on EPC mode, including their operation and maintenance activities. VPRPL has executed more than 75 Infrastructure Projects to client’s satisfaction. As of December 31, 2022, the company had 51 ongoing projects with a total work awarded amounting to Rs.6183.58 Cr.
The New Order: A Significant Achievement
The recent LOA that VPRPL received is from the Office of Madhya Pradesh Jal Nigam, a Government of Madhya Pradesh Undertaking. The project, titled “Engineering, Procurement, Construction, Testing, Commissioning, Trial Run and Operation & Maintenance for 10 years of Chillar Dam Multi-Village Drinking Water Supply Scheme, District Shajapur in single package on ‘Turn-key Job Basis’”, is worth Rs. 634.41 crores.
This project is not just a testament to VPRPL’s capabilities but also a reflection of its commitment to contributing to the nation’s infrastructure development. The scope of work includes engineering, procurement, construction, testing, commissioning, trial run and operation and maintenance for 10 years.
Impact on Stock Market
The announcement of the new order had a positive impact on the stock market as well. VPRPL shares jumped over 7% on the news of the Rs 634 crore order win. The shares were listed on stock exchanges only earlier this month on September 5.
Looking Ahead
With this new order and its ongoing projects, VPRPL continues to add new milestones every year, building world-class infrastructures and creating one-stop solutions in the infrastructure domain. The company is dedicated to expanding its ambit by executing many more Projects in the coming years with diversification into new geographies and infrastructure sectors by adding more and more Clients.
In conclusion, the recent achievement by Vishnu Prakash R Punglia Ltd is a significant step forward in their journey. It not only underscores their commitment to infrastructure development but also sets a high standard for other companies in the industry.
Keywords : Vishnu Prakash R Punglia Ltd, Infrastructure Development, LOA, Order Worth Rs. 634.41 Crores, Milestone, Stock Market Impact, Future Prospects