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An announcement from Om Infra Limited ( (IN:OMINFRAL) ) is now available.
Om Infra Limited has disclosed that significant developments have occurred in relation to two contracts it had been awarded by NHPC Limited for hydro-mechanical works on the 2,880 MW Dibang Multipurpose Project in Arunachal Pradesh. NHPC has terminated both contracts for Lot-5B package works covering intake and draft tube gates and hoists, citing delayed work fronts due to prevailing site conditions and invoking termination for the employer’s convenience, while confirming that Om Infra’s performance securities for these contracts will be discharged. The cancellation removes a sizable order book component worth nearly Rs 200 crore for Om Infra, potentially affecting its near-term project pipeline and revenue visibility from this flagship hydropower project, though the company remains positioned as a qualified participant for future NHPC tenders.
More about Om Infra Limited
Om Infra Limited, formerly known as Om Metals Infraprojects Limited, operates in the infrastructure and hydro-mechanical engineering sector, executing projects for large public sector clients such as NHPC Limited. The company focuses on specialized hydro-mechanical works including intake and draft tube gates and hoists for large hydroelectric and multipurpose power projects across India.
Average Trading Volume: 11,717
Technical Sentiment Signal: Hold
Current Market Cap: 7.47B INR
For detailed information about OMINFRAL stock, go to TipRanks’ Stock Analysis page.