Latest news with #OmInfraLtd
Mint
26-06-2025
- Business
- Mint
Om Infra stock soars over 12% on landing ₹199 crore hydro-mechanical order from NHPC
Shares of Om Infra Ltd surged over 12 percent intraday on Thursday, June 26, 2025, following the announcement of a landmark contract worth ₹ 199 crore. The order, awarded by state-run hydropower giant NHPC Ltd, involves turnkey hydro-mechanical works for the Dibang Multipurpose Project, a 2,880 MW power generation facility in Arunachal Pradesh. The substantial order has not only lifted the stock but also reinforced investor confidence in Om Infra's technical capabilities and its focus on strategic water infrastructure projects. The contract comprises two distinct components: Equipment Supply: Om Infra will provide piping, intake and draft tube gates, hoists, mandatory spares, tools, and tackles for the Lot‑5B package—valued at ₹ 167.86 crore on an ex-works and on CIF/CIP basis. Services Package: The firm will manage inland transportation, site handling, installation, testing, commissioning, and performance testing for these supplied components, with this portion valued at ₹ 31.98 crore. Together, these form a comprehensive turnkey contract requiring execution within 46 months from the start date. The combined scope positions Om Infra as a single-point delivery partner—from manufacturing to site commissioning. Om Infra has built its reputation in water management, irrigation, civil construction, and engineering services. MD & CEO Vikas Kothari emphasized that this project leverages the company's deep experience in hydro-mechanical components for large-scale dams, reinforcing its strategic ambition to expand into hydroelectric, pumped-storage, and water-management sectors. Adding to its ongoing projects, this ₹ 199 cr contract significantly boosts Om Infra's revenue visibility, providing a medium-term pipeline and scope for margin expansion through high-value engineering services. The successful execution of complex hydro-mechanical contracts like the Dibang project bolsters Om Infra's credentials in handling sophisticated, technically-intensive work—a key advantage in winning future tenders tied to national initiatives like the Jal Jeevan Mission and other hydropower and irrigation schemes. In his remarks, Mr. Kothari highlighted Om Infra's commitment to quality, efficiency, and technological integration during project execution. With a 46-month timeline, the firm has sufficient runway to stage orderly delivery, potentially translating into improved profitability and steady revenue accrual over multiple fiscal years. The deal also enables the firm to 'support regional development and strengthen our standing as a trusted infrastructure partner,' aligning with national priorities. The Dibang project itself, as India's largest hydropower facility, underscores the scale and prestige attached to this contract. On the news, Om Infra's shares hit a day's high of ₹ 146.50, gaining nearly 12.5 percent. Despite the rally, the stock remains 36 percent below its 52‑week high of ₹ 227.90 reached in August 2024, and 56 percent above its 52‑week low of ₹ 94 seen in April 2025. Over the past year, the stock has declined approximately 22 percent, reflecting volatility amid broader market and sector-specific factors. However, the company has progressively clawed back up 8 percent in June, following incremental gains of 12 percent in May, 0.6 percent in April, and 9 percent in March—even after significant corrections of 27 percent in February and 10 percent in January.
Mint
26-06-2025
- Business
- Mint
Om Infra stock soars over 12% on landing ₹199 crore hydro-mechanical order from NHPC
Shares of Om Infra Ltd surged over 12 percent intraday on Thursday, June 26, 2025, following the announcement of a landmark contract worth ₹ 199 crore. The order, awarded by state-run hydropower giant NHPC Ltd, involves turnkey hydro-mechanical works for the Dibang Multipurpose Project, a 2,880 MW power generation facility in Arunachal Pradesh. The substantial order has not only lifted the stock but also reinforced investor confidence in Om Infra's technical capabilities and its focus on strategic water infrastructure projects. The contract comprises two distinct components: Equipment Supply: Om Infra will provide piping, intake and draft tube gates, hoists, mandatory spares, tools, and tackles for the Lot‑5B package—valued at ₹ 167.86 crore on an ex-works and on CIF/CIP basis. Services Package: The firm will manage inland transportation, site handling, installation, testing, commissioning, and performance testing for these supplied components, with this portion valued at ₹ 31.98 crore. Together, these form a comprehensive turnkey contract requiring execution within 46 months from the start date. The combined scope positions Om Infra as a single-point delivery partner—from manufacturing to site commissioning. Om Infra has built its reputation in water management, irrigation, civil construction, and engineering services. MD & CEO Vikas Kothari emphasized that this project leverages the company's deep experience in hydro-mechanical components for large-scale dams, reinforcing its strategic ambition to expand into hydroelectric, pumped-storage, and water-management sectors. Adding to its ongoing projects, this ₹ 199 cr contract significantly boosts Om Infra's revenue visibility, providing a medium-term pipeline and scope for margin expansion through high-value engineering services. The successful execution of complex hydro-mechanical contracts like the Dibang project bolsters Om Infra's credentials in handling sophisticated, technically-intensive work—a key advantage in winning future tenders tied to national initiatives like the Jal Jeevan Mission and other hydropower and irrigation schemes. In his remarks, Mr. Kothari highlighted Om Infra's commitment to quality, efficiency, and technological integration during project execution. With a 46-month timeline, the firm has sufficient runway to stage orderly delivery, potentially translating into improved profitability and steady revenue accrual over multiple fiscal years. The deal also enables the firm to 'support regional development and strengthen our standing as a trusted infrastructure partner,' aligning with national priorities. The Dibang project itself, as India's largest hydropower facility, underscores the scale and prestige attached to this contract. On the news, Om Infra's shares hit a day's high of ₹ 146.50, gaining nearly 12.5 percent. Despite the rally, the stock remains 36 percent below its 52‑week high of ₹ 227.90 reached in August 2024, and 56 percent above its 52‑week low of ₹ 94 seen in April 2025. Over the past year, the stock has declined approximately 22 percent, reflecting volatility amid broader market and sector-specific factors. However, the company has progressively clawed back up 8 percent in June, following incremental gains of 12 percent in May, 0.6 percent in April, and 9 percent in March—even after significant corrections of 27 percent in February and 10 percent in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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.
