OM Infra Makes a Splash: Bags ₹1.29 Billion Water Project, Solidifying Its Leadership in Infrastructure
Updated: May 07, 2025 19:12
Image Source: The Print
OM Infra Ltd. has won big with the bagging of a ₹1.29 billion water infrastructure project, cementing its status as a prime player in India's water management and infrastructure space. The project is the latest addition to an increasing number of high-value orders, further consolidating the company's strong order book and market sentiment.
Key Highlights:
Significant Project Victory: OM Infra has won a ₹1.29 billion (₹129 crore) water project, one of a series of large orders recently won by the company, including large water supply projects in Uttar Pradesh.
Extent and Significance: The new project encompasses end-to-end work-from survey, design, and procurement to construction, trial runs, and long-term operations and maintenance-driven work focused on reviving and ensuring the complete functionality of rural water supply schemes.
Strategic Growth: These victories are consistent with OM Infra's strategy of targeting strategic infrastructure, such as water management, hydroelectric, and pumped storage schemes. The company is using its technical capabilities to provide sustainable, mega-scale solutions throughout India.
Market Response: The news has fueled investor optimism, with OM Infra's shares rising as much as 15% after recent project awards, demonstrating high market confidence in the company's growth path.
Leadership Statement: Managing Director & CEO Vikas Kothari highlighted that these projects not only enhance OM Infra's portfolio but also reinforce its commitment to supporting national infrastructure projects such as the Jal Jeevan Mission.
OM Infra's recent contract win is another milestone towards its vision of becoming a trusted partner in India's infrastructure development, with the promise of increased revenue visibility and sectoral leadership.
Source: MarketScreener, Business Standard, Angel One, Alice Blue Online, Goodreturns