Business Update12 May 2026, 10:01 pm
Sobhagya Mercantile JV Bags ₹260.53 Cr Irrigation Project
AI Summary
Sobhagya Mercantile Ltd, through its joint venture M/s Adyal L.I.S. JV (with 40% stake), has received a tender acceptance from Vidarbha Irrigation Development Corporation for the construction of the Adyal Lift Irrigation Scheme under the Gosikhurd Project. The project is valued at ₹260,53,36,041 and is to be executed within 33 months. The JV is required to submit an initial security deposit of ₹2,61,29,200.
Key Highlights
- Sobhagya Mercantile's JV secures ₹260.53 Cr irrigation project.
- Project involves construction of Adyal Lift Irrigation Scheme.
- Sobhagya Mercantile holds a 40% stake in the JV.
- Project execution timeline is 33 months.
- Initial security deposit of ₹2.61 Cr is required.