Civil construction company secured Rs 23,56,99,295.29 order from Gorantla Geosynthetics Limited
The stock is up by 14 per cent from its 52-week low of Rs 155.05 per share.
Vishnusurya Projects and Infra Limited has secured a domestic purchase order from Gorantla Geosynthetics Limited for Rs 23,56,99,295.29 (excluding taxes). This contract, to be executed at Steel Authority of India Limited, Bokaro Steel Plant, Jharkhand, involves the replacement and construction of the Benzol Storage unit, BRP-2, CO & BPP. The project has a completion timeline of 12 months from the effective date of the contract.
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.
The company has a market cap of over Rs 400 crore with an ROE of 21 per cent and an ROCE of 24 per cent. The stock is up by 14 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.
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