SRM Contractors Secures ₹168 Crore in Road Contracts from NHAI and Maharashtra PWD
SRM Contractors gains on bagging Rs 168-cr road EPC contracts from NHAI, Maharashtra PWD
Business Standard
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SRM Contractors has gained 2.77% in stock value after securing two infrastructure contracts worth a total of ₹168 crore ($20 million USD) from the National Highways Authority of India (NHAI) and the Maharashtra Public Works Department (PWD). The projects include road construction in Himachal Pradesh and Maharashtra, with completion timelines of 12 and 18 months respectively.
- 01SRM Contractors secured two contracts totaling ₹168 crore ($20 million USD).
- 02The first contract is from NHAI for a project in Himachal Pradesh, valued at ₹128 crore.
- 03The second contract, worth ₹40 crore, is from Maharashtra PWD for road construction.
- 04Both projects are to be completed under EPC mode, with timelines of 12 and 18 months.
- 05SRM Contractors reported a 50.6% increase in net profit for Q3 FY26.
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SRM Contractors' stock rose by 2.77% to ₹515 following the announcement of two significant infrastructure contracts totaling ₹168 crore ($20 million USD). The first contract, awarded by the National Highways Authority of India (NHAI), involves long-term remedial measures on a landslide-affected stretch of the Pandoh-Kullu section of NH-03 in Himachal Pradesh. This project is valued at ₹128 crore and is expected to be completed within 12 months. The second contract, worth ₹40 crore, comes from the Maharashtra Public Works Department (PWD) for the construction of a two-lane road along the NH-353K border section, with an execution timeline of 18 months. SRM Contractors clarified that there are no conflicts of interest with the awarding authorities. The company also reported a 50.6% increase in its consolidated net profit to ₹24.10 crore for Q3 FY26, alongside a 53.7% rise in revenue from operations to ₹231.21 crore.
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The contracts will enhance infrastructure in Himachal Pradesh and Maharashtra, improving road safety and connectivity.
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