The shares of one of the Waste Management stocks specializing in infrastructure projects jumped 3 percent, upon receiving a contract of Rs. 513.99 million from Jaipur Development Authority.
Price action
With a market capitalization of Rs. 3,117.97 crores on Thursday, the shares of Vishnu Prakash R Punglia Limited is up by 2.86 percent making a high of Rs. 257 per share compared to its previous closing price of Rs. 250.25 per share.
What Happened
Vishnu Prakash R Punglia Limited, specializing in infrastructure projects, has been awarded a contract by the Jaipur Development Authority as part of a joint venture with RBIPL and JDA for the construction and operation of a 30 MLD sewerage treatment plant at Swarn Vihar, Sanganer, Jaipur.
The project, valued at Rs. 513.99 million, involves engineering, procurement, commissioning, and operation of the plant using Sequential Batch Reactor (SBR) Technology.
About the Company
Vishnu Prakash R Punglia Limited (VPRPL) is an Indian engineering, procurement, and construction (EPC) company specializing in infrastructure projects. It offers a range of services, including civil engineering, construction, and design solutions. The company focuses on sectors such as water supply, sewage systems, urban infrastructure, and more.
Orderbook Segmentation
As of September 30, 2024, Vishnu Prakash R Punglia Limited’s order book stands at approximately Rs. 50,865 million. The company’s projects are primarily concentrated in three segments: Road and civil (5 percent), Water & Sanitation Program (70 percent), and Railways (25 percent)
Segmental Revenue (H1-FY25)
In H1-FY25, company revenue was led by the Water & Sanitation Program (76 percent), followed by Railways (13 percent), and Roadways (6 percent), with the remaining 6 percent from Sewage, Civil, and other projects.
Financials
The company’s revenue rose by 12.9 percent from Rs 298.07 crore to Rs 336.76 crore in Q2FY24-25. Meanwhile, Net profit rose from Rs 21.25 crores to Rs 23.73 crore during the same period.
Written by Sridhar J
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