EPC Company K2 Infragen’s Bags Rs 33.41 Crore Project In Haryana

K2 Infra is India’s emerging Project Engineering, Power Engineering, and EPC organization. It was founded by a group of professionals with vast experience in Project & Power Management and strong financial backing to achieve their objectives. K2 was established in 2015 and began focused operations in 2018 under the name of K2 Infragen Limited (a parent company). In 2018, K2 Infra initiated business with multinational companies such as L&T, TATA, and H G Infra. The K2 Group has invoiced approximately INR 104 million and holds assets of INR 135.29 million in construction equipment machinery as a Gross Block, as updated on their website until March 31, 2022. The engineering, procurement, and construction company (EPC) K2 Infragen Ltd. announced on Wednesday that it has secured a project worth Rs 33.41 crore in Haryana, increasing its total order pipeline to Rs 477 crore.

Order booked Rs. 447 crore for K2 Infragen:

This tender was secured by Leena-Arnoo and will be executed by K2 Infragen Ltd. As part of the Rewari-Kathuwas doubling of railway track initiative by the Jaipur Division of NWR, K2 Infragen will work to deliver critical infrastructure upgrades. This update was provided by the company in an exchange filing. With the new contract worth Rs. 33.41 crore for the railway track doubling in Haryana, the total order book for K2 Infragen has now increased to Rs. 447.14 crore.

Details of the K2 Infragen contract:

For the Rewari-Kathuwas railway track doubling project, which K2 Infragen mentioned, the contract included the design, supply, erection, testing, and commissioning of high-rise overhead equipment that supports overhead parallel wire track to supply power to railway engines. This project is expected to be finished in 15 months.

Stock up 5% for K2 Infragen:

K2 Infragen stock price now rich to 283.20 which is 5% up in Intraday today. This is positive sign for the company after bagging the contract in Haryana that need to be complete in 15 months of time. 

Conclusion: This new contract will boost sales and give K2 Infragen the opportunity to secure new projects in the financial year 2024.

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