Om Infra stock jumps 12% on Rs199 cr Dibang hydropower contract

Date:

Shares of civil‑construction company Om Infra Ltd surged over 12%, reaching ₹146.50 on the BSE, after winning a ₹199‑crore turnkey contract from NHPC for the hydro‑mechanical package of the 2,880 MW Dibang power project in Arunachal Pradesh. The deal is split into two components: ₹167.86 cr for supply of equipment, including intake and draft tube gates and hoists and ₹31.98 cr for logistics, installation, testing and commissioning. The contract spans 46 months.

This win bolsters Om Infra’s expertise in hydroelectric and water‑infrastructure projects and underlines its strategy to expand in large EPC sectors, such as pumped storage and water management, according to MD & CEO Vikas Kothari. Over the past three years, the stock has delivered ~376% returns, marking it as a true multibagger.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

nineteen − one =

spot_img

Share post:

More like this
Related

The UAE’s Sand Could Change How We Build

The UAE’s latest innovation offers an inspiring example of...

India’s Building Materials and Interiors Industry Comes Together at MATECIA 2026

MATECIA Exhibition 2026 has been inaugurated at Yashobhoomi, New...

India Plans $1.2 Billion Push to Build Advanced Construction Equipment Locally

India is preparing a $1.2 billion incentive scheme to...

77% of Occupiers to Expand Office Portfolios in India, Says CBRE

India’s office real estate market is expected to maintain...