🚀 Strategic Growth: Shradha Infraprojects Wins ₹32.41 Cr Tripura Tourism Project
Shradha Infraprojects Limited (SIL) has made a significant move in the infrastructure and tourism sector by securing a substantial project worth ₹32.41 crore. The company, through its subsidiary Active Infrastructures Limited, has formed a joint venture with Mecgale Pneumatics Private Limited under the name Mecgale Active JV. This JV successfully won a contract from The Tripura Tourism Development Corporation Limited (TTDCL) to enhance visitor amenities and upgrade infrastructure at key religious tourism sites.
The project includes the upgradation of visitor facilities, enhancement of natural and built features at Chaturdash Devta Temple and Kasba Kalibari Temple, and the reconstruction of Yatri Niwas at Chaturdash Devta Temple. This move aligns with India’s focus on developing tourism infrastructure to boost regional economies.
📌 Key Highlights of the Project:
✔ JV Partnership: Mecgale Active JV (Mecgale Pneumatics Pvt Ltd + Active Infrastructures Ltd)
✔ Project Cost: ₹32.41 Crores (15.17% above ECPT)
✔ Project Authority: The Tripura Tourism Development Corporation Limited (TTDCL)
✔ Scope of Work:
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Upgrade visitor amenities
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Enhance religious and cultural sites
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Reconstruct Yatri Niwas at Chaturdash Devta Temple
✔ Tax Compliance: Prices include GST, and TDS will be deducted as per government norms
✔ Execution Timeline: As per terms in the tender document
📊 Impact on the Share Market
🔹 Positive Market Sentiment: The successful bid positions Shradha Infraprojects as a key player in the infrastructure sector, potentially leading to a surge in stock value.
🔹 Growth in Order Book: This project will boost the company’s financials and enhance investor confidence.
🔹 Sectoral Growth: Strengthening tourism infrastructure is a government priority, benefiting construction and real estate sectors.
🏢 About Shradha Infraprojects Limited
Shradha Infraprojects Limited is a leading infrastructure development company engaged in real estate and engineering projects across India. The firm specializes in large-scale construction projects that contribute to urban and rural development. With a focus on sustainable growth and high-quality infrastructure, Shradha Infraprojects is consistently expanding its portfolio in public-private partnerships and government projects.
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📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
