Under the JV structure, VL Infraprojects holds 80% while H.M. Electro Mech, Ahmedabad holds the remaining 20%.
The scope of work includes providing, supplying, lowering, laying and jointing D.I./PVC pipelines as rising and gravity mains, along with the design and construction of a water treatment plant (WTP). The project also involves constructing RCC elevated service reservoirs (ESRs) and underground sumps, pump houses, staff quarters, compound walls, village-level sumps, ESRs and pump rooms, including connecting pipelines, pumping machinery and electrification works.
The order is valued at 42.12 crore and is scheduled to be completed within 18 months.
V L Infraprojects is engaged in the business of construction, laying and commissioning contracts in various infrastructure projects like irrigation & water supply etc.
The company’s standalone net profit jumped 15.95% to Rs 40.20 crore despite of 8.55% decline in revenue from operations to Rs 628.33 crore in 1H FY26 over 1 H FY25.
The counter rallied 7.65% to settle at Rs 27.45 on the NSE.