12-Jun-2026 19:06:12
SOBHAGYA MERCANTILE : JV RECEIVES ₹260.53 CR IRRIGATION PROJECT ORDER 🚰🏗️
• 📜 Joint Venture Adyal L.I.S. (JV), where Sobhagya Mercantile holds 40% stake, has received a work order from Vidarbha Irrigation Development Corporation (VIDC) • 🌊 Order is for Construction of Adyal Lift Irrigation Scheme under the Gosikhurd Project in Chandrapur, Maharashtra • 💰 Total contract value stands at ₹260.53 Cr • 🏦 JV has deposited an initial security deposit of ₹2.61 Cr through bank guarantee • 📝 Contract agreement has been executed and accepted under Agreement No. B-1/05/DL/2026-2027 • ⏳ Project execution period is 33 months • 🇮🇳 Order has been awarded by a domestic government entity 🟢 Impact: Positive (Large infrastructure order provides strong revenue visibility and execution opportunities for the JV over the next nearly three years.)
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