Soma Textiles wins ₹344 cr related-party road orders from holding company

In a stock‑exchange filing under Regulation 30, Soma Textiles & Industries Ltd announced award of two construction orders from Roadway Solutions India Infra Ltd, classified as related‑party transactions but executed at arm’s‑length terms. The move marks a notable shift for the traditionally textile‑focused company into capital‑intensive road and expressway projects.​

The first order covers execution and construction of an access‑controlled expressway connector to the Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg from Jalna to Nanded in Maharashtra, with a contract value of ₹281.18 crore and a completion period of 24 months. The second relates to an eight‑lane access‑controlled expressway project in Gujarat, valued at ₹62.77 crore, to be executed within 12 months.​

Key highlights

Total order value: ₹281.18 crore + ₹62.77 crore = ₹343.95 crore.​

Client: Roadway Solutions India Infra Ltd, holding 56.68% equity in Soma Textiles.​

Project 1: Access‑controlled expressway connector, Jalna–Nanded, Maharashtra; execution timeline 24 months.​

Project 2: Eight‑lane access‑controlled expressway in Gujarat; execution timeline 12 months.​

Both contracts classified as related‑party, confirmed as arm’s‑length under SEBI LODR disclosures.​

Source: Soma Textiles & Industries Ltd