VL Infraprojects’ JV Wins Major Water Supply Project – Analyzed
VL Infraprojects, a company specializing in building and installing infrastructure like water systems, has won a significant contract. They’ve teamed up with H.M. Electro Mech to build a new water supply system for the Gujarat Water Supply & Sewerage Board. This project focuses on providing clean water to many villages across Gujarat.
Key Points
- JV secures large water supply contract with GWSSB.
- VL Infraprojects owns 80% of the project’s operations.
- Project includes pipelines, water treatment plants, and reservoirs.
- Construction covers service reservoirs, sumps, and pump rooms.
- Total project value: ₹42.12 crore, 18-month completion timeline.
- Company’s net profit rose 15.95% despite revenue decrease.
About the Project
The work involves a lot of building! VL Infraprojects and H.M. Electro Mech will be installing D.I. (Drinking Water Iron) and PVC (Polyvinyl Chloride) pipes. These pipes will carry water from a new water treatment plant to the villages.
The team will also construct several important things, including elevated water reservoirs (ESRs) and underground storage tanks. They’ll build pump houses to move the water and create a secure area for the workers.
Financial Performance
Despite a slight drop in the total amount of money they made (revenue), VL Infraprojects did really well financially. Their profits increased by 15.95% to ₹40.20 crore. This shows the company is doing a good job of managing its finances.
The company’s stock price even went up – it increased by 7.65% and closed at ₹27.45 on the National Stock Exchange (NSE). This positive movement likely reflects investor confidence in the company’s future.
Investing in infrastructure projects presents opportunities for growth and development.
