Sobhagya JV Secures ₹260.5 Cr Work Order for Lift Irrigation Project

Sobhagya Mercantile Ltd's joint venture, Adyal L.I.S. (JV), has received a significant work order valued at ₹260.53 crore from the Vidarbha Irrigation Development Corporation. The order is for the construction of the Adyal Lift Irrigation Scheme under the Gosikhurd Project in Chandrapur district. The JV, in which Sobhagya Mercantile holds a 40% stake, has deposited an initial security of ₹2.61 crore and remitted stamp duty for the agreement. The project is expected to be executed within 33 months. This development marks a substantial business win for the company's JV.