Penny stock below Rs 10: Road construction company bags order of Rs 2,83,20,000 P.P.Kharpatil Constructions Pvt Ltd

Sanmit Infra Limited has been awarded a domestic contract by P.P. Kharpatil Constructions Pvt Ltd for the provision and laying of a Micro Surfacing course. The project, valued at Rs 2,83,20,000 (including 18 per cent GST), involves specialised road surfacing using dry fine aggregates (Type-III grading), polymer-modified bitumen emulsion, and Portland cement. While the client provides stone metal and dust, Sanmit Infra is responsible for all machinery, manpower, fuel, and technical execution, including quality control and supervision.

The execution period is scheduled from March 1, 2026, to April 30, 2026. Financial terms dictate that joint measurements will be signed fortnightly, with RA bills paid within five days of submission, subject to a 5% retention. The contract also includes a 24-month Defect Liability Period (DLP) covering specific issues such as skid resistance, raveling, and patch formation to ensure the long-term quality of the road surface.

About the Company

Sanmit Infra Ltd, established in 2000, is a diversified company focusing on petroleum products, trading, and infrastructure development. They offer services like bio-medical waste disinfection systems and road construction. Their petroleum business includes various oils and bitumen, while their infrastructure projects cover residential and commercial complexes in Mumbai and upcoming areas. The company is also implementing a GMS system for cremation using bamboo pellets to promote environmental sustainability.

The company has a market cap of Rs 110 crore and the stock is trading at under Rs 10. The stock is up 13 per cent from its 52-week low of Rs 6.20 per share.

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