Valplast Wins Rs 3.13 bn Tunnel Rehabilitation Contract
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Valplast Wins Rs 3.13 bn Tunnel Rehabilitation Contract

Valplast Technologies Limited (the Company) said it has secured a new order from M/s Mosh Varaya Infraprojects Private Limited for tunnel rehabilitation projects in Maharashtra. The contract covers rehabilitation of the deteriorated portal of Tunnel Number 3B at both ends near Kasara and safety enhancement by way of a portal extension of 110 metres in the NE Ghat section. The Company said the work also includes chemical grouting, polymer concrete application and pointing for rehabilitation of Tunnel Number 4A and Tunnel 8C under ADEN (M) IGP. The work will be supervised by designated project engineers of the Company. For safety reasons.

The contract has a 12 month execution period and is domestic in nature. The scope spans civil and specialised repair work focused on structural safety enhancement and durability measures for existing tunnel portals and lining. The awarding entity is a private infrastructure firm engaged in project execution in the region. The contract will mobilise existing resources and onsite teams.

The disclosed consideration for the contract is Rs 3,129.58 million (mn), equivalent to Rs 3.13 billion (bn), representing the total contract value for the 12 month period. The Company said the order does not involve related party transactions and promoters and promoter group entities have no interest in the awarding firm. The order is to be executed at arm's length. The Company indicated the award aligns with its infrastructure services strategy.

Valplast Technologies Limited has filed the requisite disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements and provided details in the annexure to its filing. The Company requested the stock exchange to take the information on record and disseminate it on its website. The filing bears the signature of the company secretary and the filing date. The Company secretary signed and dated the intimation from Noida.

Valplast Technologies Limited (the Company) said it has secured a new order from M/s Mosh Varaya Infraprojects Private Limited for tunnel rehabilitation projects in Maharashtra. The contract covers rehabilitation of the deteriorated portal of Tunnel Number 3B at both ends near Kasara and safety enhancement by way of a portal extension of 110 metres in the NE Ghat section. The Company said the work also includes chemical grouting, polymer concrete application and pointing for rehabilitation of Tunnel Number 4A and Tunnel 8C under ADEN (M) IGP. The work will be supervised by designated project engineers of the Company. For safety reasons. The contract has a 12 month execution period and is domestic in nature. The scope spans civil and specialised repair work focused on structural safety enhancement and durability measures for existing tunnel portals and lining. The awarding entity is a private infrastructure firm engaged in project execution in the region. The contract will mobilise existing resources and onsite teams. The disclosed consideration for the contract is Rs 3,129.58 million (mn), equivalent to Rs 3.13 billion (bn), representing the total contract value for the 12 month period. The Company said the order does not involve related party transactions and promoters and promoter group entities have no interest in the awarding firm. The order is to be executed at arm's length. The Company indicated the award aligns with its infrastructure services strategy. Valplast Technologies Limited has filed the requisite disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements and provided details in the annexure to its filing. The Company requested the stock exchange to take the information on record and disseminate it on its website. The filing bears the signature of the company secretary and the filing date. The Company secretary signed and dated the intimation from Noida.

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