SRM Contractors Secures Orders Worth INR1.68 Billion

MT Newswires Live04-15

SRM Contractors (NSE:SRM, BOM:544158) secured contracts worth a combined 1.68 billion Indian rupees from the National Highways Authority of India and the Public Works Department, Maharashtra, according to a Wednesday filing on Indian bourses.

The NHAI order, valued at 1.28 billion rupees, involves landslide remediation works on the Pandoh-Kullu section of NH-03 in Himachal Pradesh on an EPC basis, the filing said. The order is to be completed in 12 months, it added.

The Maharashtra Public Work Department contract, worth 400 million rupees, covers construction of a road, bridges and culverts on the Nandgaon Peth-Morshi-Warud section of NH-353K, the filing said. The contract is for 18 months, it added.

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