Image Source: Business Upturn
Nagpur-based infrastructure and real estate development firm Shradha Infraprojects Ltd has announced that a unit of the company has secured a work order worth ₹100 million (₹10 crore). The order win boosts the company's growing portfolio of civil and urban infrastructure projects.
Though the specifics of the client and size of the project remain undisclosed, the company emphasized that the order aligns with its strategic focus on urban development, water supply, and smart infrastructure solutions. The mandate will be likely completed over the next 12–18 months and will benefit revenue visibility in subsequent quarters.
Shradha Infraprojects has been aggressively expanding its presence across residential, commercial, and public infrastructure space with deep roots in Maharashtra and neighboring states. The company recently signed a ₹371.2 million sub-consultancy contract with Nippon Koei and has regular collaborations with state tourism and urban development boards.
Experts consider this order to be a good indication of order book strength and execution ability, particularly during India's infra push under the National Infrastructure Pipeline (NIP).
Sources Relating: Shradha Infraprojects, Ticker, Zerodha
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