StockWatch
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Computers - Software & Consulting
Deals5 Aug 2026, 08:00 pm

Axis Solutions Secures ₹400 Cr Rural Water Projects Order

AI Summary

Axis Solutions Limited has announced the receipt of a significant order for the implementation of various rural water supply projects. The scope includes tube wells, rising mains, overhead tanks, boundary walls, pump houses, distribution pipe networks, individual house connections, and public stand posts. The order has been awarded by M/s NKG Primus JV, a domestic entity. The projects are to be executed by March 2027 for single village schemes and March 2028 for multi-village schemes. The total value of the order is ₹400 Crore. The company has confirmed no promoter interest in the awarding entity and that the transaction is at arm's length.

Key Highlights

  • Axis Solutions awarded ₹400 Cr rural water supply projects.
  • Projects to be completed by March 2027/2028.
  • Order received from domestic entity M/s NKG Primus JV.
  • No promoter interest in the awarding entity.
  • Performance bank guarantee of 3% required.