StockWatch
·
Refineries & Marketing
Deals27 Oct 2026, 06:10 pm

Sanmit Infra Subsidiary Bags ₹3.16 Cr Work Order

AI Summary

Sanmit Infra Limited's subsidiary, Sanmit Truevalue Infraprojects Private Limited, has secured a significant work order worth ₹3,16,24,000 (including GST) from M/s. ARPI Infratec. The order is for 200,000 SQMT of Micro Surfacing Work for HAM PN -53 District Border to Mungashi Aran Karakamb Pandharpur Road, Dist: Solapur. The contract includes various related activities and has a payment term of 7 days after RA bill submission, with a mobilization advance of ₹20 Lakhs and a 5% retention. A 24-month Defect Liability Period (DLP) is stipulated. The work is scheduled to commence on November 7, 2026, and conclude by January 5, 2027.

Key Highlights

  • Subsidiary Sanmit Truevalue Infraprojects secured a ₹3.16 Cr work order.
  • The order is for Micro Surfacing Work in Solapur district.
  • Payment terms include a ₹20 Lakh mobilization advance.
  • A 24-month Defect Liability Period is included.
  • Project execution is scheduled from Nov 2026 to Jan 2027.