SRM Contractors Ltd Secures Rs. 171 Crore Project from NHAI
SRM Contractors Ltd has been awarded a new project by the National Highway Authority of India (NHAI) for strengthening and maintenance of a 103 km section of the Jetpur-Somnath highway in Gujarat. The project, valued at approximately Rs. 171 crores, is a significant development for the company. The company has received a Letter of Acceptance (LOA) for the project, which will run for a period of 5 years, from Km 0.00 to Km 123.454, excluding the Junagarh Bypass. In line with the company's code of conduct and the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations 2015, the trading window for dealing in the securities of the company by its designated employees, immediate relatives, specified persons, and connected persons is closed until 48 hours after the declaration of financial results for the quarter ended June 30, 2024.
Key Highlights
- SRM Contractors Ltd secures a new project from NHAI worth approximately Rs. 171 crores.
- The project involves strengthening and maintenance of a 103 km section of the Jetpur-Somnath highway in Gujarat.
- The project has a duration of 5 years, from Km 0.00 to Km 123.454, excluding the Junagarh Bypass.
- The company has received a Letter of Acceptance (LOA) for the project.
- The trading window for dealing in the securities of the company by its designated employees, immediate relatives, specified persons, and connected persons is closed until 48 hours after the declaration of financial results for the quarter ended June 30, 2024.