Rs 1,185 crore order book: Water infrastructure company bags order of Rs 203.83 crore at Dharavi STP, Mumbai

Ganesh Infraworld Limited has been awarded a sub-contract for earthwork and excavation related to sewage treatment infrastructure at the Dharavi STP, Mumbai. This Water Infra Project has an order value of Rs 203.83 Crores and is an EPC (Engineering, Procurement, and Construction) contract with a duration of 12 months.

Earlier, the company received an order for infrastructure development in Bhubaneswar, focusing on the laying of sewer pipelines and the construction of manholes, alongside related civil works. This Engineering, Procurement, and Construction (EPC) project, valued at Rs 25.49 crore, falls under the Water Infra vertical and is slated for completion within a 12-month duration. The contract highlights Ganesh Infraworld's role in critical urban infrastructure development.

Ganesh Infraworld Limited, established in 2017, is a construction company offering integrated engineering, procurement, and construction (EPC) services. The company operates through item-rate and percentage-rate contracts, working as both a sub-contractor for major EPC firms and a direct contractor for government and private entities. Its diverse project portfolio spans Civil and Electrical Infrastructure, Road and Rail Infrastructure (including OHE systems), and Water Infrastructure, focusing on treatment, distribution, and household connections.

The company has a market cap of over Rs 800 crore and working capital requirements have reduced from 158 days to 99.2 days. The company have an order book of Rs 1,185 crore. The shares of the company have a PE of 19x, an ROE of 36 per cent and an ROCE of 38 per cent. The stock is up by 87.4 per cent from its 52-week low of Rs 106.25 per share. 

Disclaimer: The article is for informational purposes only and not investment advice.