Latest news with #OMInfra
Business Standard
26-06-2025
- Business
- Business Standard
OM Infra gains after winning Rs 199-cr contract for India's largest power project
OM Infra soared 7.87% to Rs 140.45 after the company secured a turnkey contract from NHPC for hydro-mechanical works at India's largest power generation project, the 2880 MW Dibang Project in Arunachal Pradesh. Shares of NHPC shed 0.91% to Rs 84.20 on the BSE. The scope of orders includes Ex-Works supply and CIF/CIP supply (if applicable) of all equipment, materials, mandatory spares, tools, and tackles, with separate identification of CIF/CIP and Ex-Works components. The scope also covers all associated services, such as inland transportation to the site, unloading, storage, handling, installation, testing, and commissioning, including performance testing of all equipment supplied under the first contract. Additionally, it involves any other services specified in the contract document for Lot-5B, Hydro-Mechanical works for intake and draft tub gates and hoists at the Dibang Multipurpose Project (2880 MW), located in Arunachal Pradesh, India. The tenure for the project is 46 months, starting from the date of commencement of work. Vikas Kothari, MD and CEO of Om Infra, said: "We are honoured to have been entrusted with this significant project, which aligns with our core expertise in H M components for water based project and our strategic vision of expanding Om Infras footprint across key infrastructure sectorsparticularly hydroelectric, pumped storage, and water management. This award not only cements our strength in H M components for such a massive power generation project of 2880 MW and also broadens our project portfolio and also reinforces our expertise in delivering sustainable and impactful infrastructure solutions on a turnkey basis. Our team is dedicated to maintaining the highest standards of quality, efficiency, and technological integration. This project represents another milestone in our journey to support regional development and strengthen our standing as a trusted infrastructure partner. With a continued focus on water resource management, irrigation, and renewable energy, Om Infra is well-positioned to support national initiatives such as the Jal Jeevan Mission and hydroelectric development. We expect this project to contribute positively to our revenue and profitability, while driving long-term value for our stakeholders. OM Infra is a leading infrastructure development company specializing in engineering, procurement, and construction (EPC) projects for water management, engineering, and construction. NHPC, a Mini Ratna category I public sector utility, is Government of Indias flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various Power Utilities. Its other business includes providing project management / construction contracts/ consultancy assignment services and trading of power.
Business Upturn
26-06-2025
- Business
- Business Upturn
OM Infra shares surge 9% after Rs 199 crore contract win for Dibang hydropower project
By Aman Shukla Published on June 26, 2025, 09:36 IST OM Infra Limited shares rallied 9% in early trade after the company bagged two major contracts worth a total of ₹199 crore for the Dibang Multipurpose Project in Arunachal Pradesh. The project, with a massive capacity of 2880 MW, is one of India's largest upcoming hydropower ventures. The first part of the contract, valued at ₹167.86 crore, includes the ex-works supply and CIF/CIP supply of equipment, materials, mandatory spares, and tools required for hydro-mechanical works related to intake and draft tube gates and hoists. The second contract, worth ₹31.98 crore, covers essential services such as inland transportation, on-site handling, installation, testing, commissioning, and performance testing of all equipment supplied under the first contract. With a total execution timeline of 46 months, this win significantly strengthens OM Infra's position in India's hydropower infrastructure space and reflects growing demand for specialized hydro-mechanical engineering solutions. OM Infra shares opened at ₹138.45 and touched a high of ₹146.12 in today's trade. The stock hit a low of ₹137.00 during the session. OM Infra's 52-week high stands at ₹227.90, while the 52-week low is ₹100.30. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
08-05-2025
- Business
- Mint
Multibagger small-cap stock jumps over 8% on order win update. Do you own?
Multibagger small-cap stock: OM Infra share price surged more than 8% during Thursday's trading session after securing an order worth ₹ 129 crore for a Water Infrastructure Project in Uttar Pradesh. The duration of the project is set for 24 months. According to the company's filing with the exchange, this contract underscores Om Infra's expanding role in essential infrastructure projects and emphasizes its ongoing dedication to providing sustainable, comprehensive solutions. Vikas Kothari, the Managing Director and Chief Executive Officer of Om Infra Ltd, expressed that by maintaining its emphasis on managing water resources, enhancing irrigation, and promoting renewable energy, Om Infra is in a strong position to contribute to national programs like the Jal Jeevan Mission and the development of hydroelectric power. 'We expect this project to contribute positively to our revenue and profitability, while driving long-term value for our stakeholders,' said Kothari. Last month, the company secured an order valued at ₹ 448 crore for water infrastructure projects in Uttar Pradesh. The initial project was for the Moradabad Circle, while the second contract pertained to the Lucknow Circle. Om Infra is a company dedicated to infrastructure development, primarily specialising in Engineering, Procurement, and Construction (EPC) services in the water and energy industries. Additionally, the company is involved in providing integrated renewable energy solutions, emphasizing its dedication to sustainability and innovation in the field of infrastructure development. OM Infra share price has increased by more than 800% over the last five years, significantly benefiting its investors. Nevertheless, the stock experienced just a gain of 2.56% in the past week. Over the last quarter, the stock has dropped 16.35%, and in the past year, it has declined by 8.23%. OM Infra share price today opened at an intraday low of ₹ 114 apiece on the BSE, the stock touched an intraday high of ₹ 122.30 per share. Anshul Jain, Head of Research at Lakshmishree Investments said that OM Infra share price is forming a 72-week-long Head and Shoulder pattern on the weekly chart with a crucial neckline placed at ₹ 98. A breakdown and close below ₹ 98 will confirm the bearish setup, potentially triggering a sharp decline. Given the length of the pattern and the weak structure, a breach below the neckline could lead to a steep fall towards the ₹ 65 level. Bulls must defend ₹ 98 to avoid further downside. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
