Construction company receives Rs 2,217 crore order from State Industries Promotion Corporation of Tamil Nadu (SIPCOT)
DSIJ Intelligence-1 / 28 Aug 2025/ Categories: Mindshare, Trending
The stock is up by 26 per cent from its 52-week low of Rs 155.05 per share.
Vishnusurya Projects and Infra Limited, in a consortium with JWIL Infra Limited and IDE Technologies India Private Limited, has been awarded a significant contract by the State Industries Promotion Corporation of Tamil Nadu (SIPCOT). The project involves the development of a 60 MLD (million litres per day) seawater desalination plant at Mullakadu in the Tuticorin district of Tamil Nadu. This project will be executed on a Hybrid Annuity Model (HAM) and Public-Private Partnership (PPP) basis, with a total contract value of Rs. 2,217 crore over a 15-year period, which includes all taxes and charges.
The contract specifies a 6-month period for meeting conditions precedent, followed by a 30-month construction phase. After construction, the consortium will be responsible for the plant's operation, maintenance, and eventual transfer for a period of 15 years. This domestic project highlights the company's role in providing essential infrastructure for water management and is a significant step toward addressing water scarcity in the region.
About the Company
Vishnusurya Projects and Infra Limited is a diversified company involved in EPC projects, aggregate and manufactured sand production, solid waste management, and commercial space leasing. Their EPC projects cover water, transportation, rail, resources, and institutional development, serving both government and private entities in Tamil Nadu. They also mine rough stones and manufacture aggregates and manufactured sand using crushing and sand washing plants. Vishnusurya's projects focus on community connectivity, urban and rural development, economic growth, and sustainable infrastructure.
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On Thursday, shares of Vishnusurya Projects and Infra Limited jumped 16.4 per cent to an intraday high of Rs 195.20 per share from its previous closing of Rs 167.65 per share. The company has a market cap of over Rs 450 crore with an order book of Rs 330 crore as of FY25. The shares of the company have an ROE of 20 per cent and an ROCE of 24 per cent. The stock is up by 26 per cent from its 52-week low of Rs 155.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.