💡 Company received new work order worth ₹3.21 crores for shore piling and rock anchoring project in Mumbai.

What Happened

Manav Infra Projects Limited has informed the National Stock Exchange that it has received a new work order for carrying out shore piling and rock anchoring works. The project named Romell Tiara Oshiwara is located in Andheri West, Mumbai, and has been awarded by Gurunanak Romell LLP. The total order value is approximately ₹3.21 crores, inclusive of GST at 18%.

Key Details

Why It Matters

The receipt of this work order represents new business inflow for Manav Infra Projects, contributing to the company's revenue pipeline. While the order size is moderate at ₹3.21 crores, it demonstrates the company's ongoing project execution capabilities in the infrastructure sector, particularly in specialized construction activities like shore piling and rock anchoring. Such orders typically translate into future revenue recognition as the project progresses, potentially supporting the company's financial performance in upcoming quarters.

Disclaimer: This is publicly available information sourced from NSE. Not investment advice.

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