Vishnu Prakash R Punglia Secures Rs 273.1 Cr Water Supply Contract from UP Jal Nigam

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.

VPRPL receives Rs.273.1 crore contract 

Vishnu Prakash R Punglia has announced the receipt of a Letter of Acceptance from the Office of Superintending Engineer U.P. Jal Nigam (Urban), Naini Prayagraj. This letter pertains to a comprehensive project titled “Surveying, soil investigation, engineering, design and supply of all materials, labor, T&P, etc. complete,” which is required for the completion of various works related to the Water Supply Scheme for the Naini Extended Area (Surface Water) in Nagar Nigam, Prayagraj. The total value of this significant contract is Rs. 273.11 crore, underscoring the scale and importance of the project in enhancing water supply infrastructure in the region.

VPRPL Stock jumps over 8%

With this order win the stock of Vishnu Prakash surged over 8% and made a day high of Rs.212.00 per share, The stock is up by more than 20% in the past one month. While it is down by 3.52% in 2024. The stock currently trades at Rs.209.40 per share up by 7.21% from its previous day’s closing price.

Conclusion:  The announcement of the Rs. 273.11 crore contract from U.P. Jal Nigam has significantly boosted Vishnu Prakash R Punglia’s market performance, evidenced by an 8% rise in its stock today. This surge indicates strong investor confidence in the company’s ability to execute the extensive Water Supply Scheme for the Naini Extended Area in Nagar Nigam, Prayagraj. Securing such a prestigious and valuable contract not only enhances the company’s portfolio but also strengthens its position in the infrastructure sector, promising potential for future growth and development.

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