New Delhi [India], April 9: VVIP Infratech Limited (BSE: 544219 | Symbol: VVIPIL) has been awarded Letters of Acceptance (LOA) and Letters of Intent (LOI) amounting to Rs. 414 crores for infrastructure projects across Uttarakhand and Uttar Pradesh. These projects, sanctioned by government bodies and supported by international financial institutions, reinforce the company’s role in India’s infrastructure development.
The awarded contracts include:
- Sewerage Network Segment in Uttarakhand: A project worth Rs. 175.80 crores, funded by the German Financial Cooperation, aimed at enhancing sanitation infrastructure in the state.
- Electric Distribution Segment in Uttar Pradesh: A series of projects under the Revamped Distribution Sector Scheme (RDSS) of the Government of India, totaling Rs. 238.36 crores. These projects cover multiple clusters, including Cluster-1 (Bulandshahr Zone), Cluster-2 (Saharanpur), Cluster-3 (Moradabad Zone), and Cluster-4 (Meerut Zone).
With financial backing from reputed central government agencies and international financial institutions, these projects ensure a high degree of creditworthiness and payment security. The company’s ongoing and upcoming order book is largely supported by AAA+ rated institutions, reflecting minimal risk of delay in receivables and long-term financial stability.
Vaibhav Tyagi, Managing Director of VVIP Infratech Limited, stated, “We are honored to secure these projects, which reinforce our commitment to strengthening India’s infrastructure landscape. With a focus on quality execution and innovation, we aim to contribute meaningfully to the nation's development while ensuring financial stability and operational efficiency.”
VVIP Infratech Limited is a leading infrastructure company in India, classified as a Class “A” Civil and Electrical contractor. With over two decades of experience, the company specializes in the execution and construction of sewerage systems, sewage treatment plants, water tanks, water treatment plants, sector development projects, electrical distribution networks, and substations up to 33 kV. It is also actively involved in Jal Jeevan Mission projects.
The company prioritizes quality execution, timely delivery, and cost efficiency, supported by a team of experienced engineers and technicians. Notably, VVIP Infratech has constructed multiple sewage treatment plants (STPs), including 56 MLD and 40 MLD facilities, using Sequential Batch Reactor (SBR) technology.
The company is well-positioned to play key role in the development of India’s infrastructure sector, particularly in the area of STPs. Primarily operating in Uttar Pradesh, Uttarakhand, and other northern states, VVIP Infratech has demonstrated steady growth with a focus on innovation and sustainability in infrastructure development. In FY 2024, the company reported a consolidated turnover of Rs. 285.82 crores, an EBITDA of Rs. 31.45 crores, and a PAT of Rs. 20.71 crores.
The company’s project portfolio aligns with national development priorities, backed by high-credit government institutions, ensuring stable business operations and execution certainty throughout project lifecycles.
For more information, kindly visit the website https://www.vvipinfra.com/
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor