Om Metals Bags Rs 92 Cr New Contract in TN | CORPORATE ETHOS

Om Metals Bags Rs 92 Cr New Contract in TN

By: | June 1, 2018

Jun 1: Jaipur-based Om Metals Infraprojects Ltd, part of the Om Kothari group of companies, on Friday announced that the company in a joint venture with Patel Engineering Ltd, has bagged a contract worth Rs 92 crore approx on upstream of power house pertaining to phase 1 of Kundah Pump storage Hydro Electric project (1×125 MW) in Nilgiri District from TANGEDCO.

According to the company, the scope of the project includes for design, engineering, supply, transport, execution and commissioning of all components of hydro mechanical works and steel liner for pressure shaft and penstocks.

The company also said that it has successfully executed one project in Kameng (Arunachal Pradesh) for NEEPCO of similar nature.

Commenting on the development, Vikas Kothari, President & Director, said, “we are very delighted to win this prestigious order from Tamilnadu. It takes a quantifiable leap in our revenues and primes us to prepare for much higher leaps in the near future. We are aggressively focused for enhancing our foot prints in India, neighbouring countries and Africa through our core business. With our order pipeline brimming with several more opportunities on all front we are bullish on our growth in the years to come.”

Incorporated in 1971, Om Metals Infraprojects Ltd is a leading engineering construction company with a strong presence in the hydropower sector and experience spanning more than 3 decades. It is engaged in the design, detailed engineering, manufacture, supply, installation, testing and commissioning of complete range hydro-mechanical equipments for power and irrigation projects.

Om Metals shares were trading in red at Rs 42.50, down 2.30% from the previous closing of Rs 43.50, on BSE at 3.29 pm today.