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K2 Infragen Ltd (NSE SME: K2INFRA), a leading infrastructure development company headquartered in New Delhi has announced that it has bagged a significant contract valued at Rs. 90.2 crore for the construction of a 4 Lane Rail Over Bridge on the Patna-Mughalsarai Section of Danapur Division in the District of Chandauli in Uttar Pradesh.
The tender was secured by a joint venture between M/s Gangasagar Singh & PRL Infrastructure, with K2 Infragen being entrusted with the complete executional responsibility for the project by the UP-State Bridge Corporation Ltd. The project is slated for completion within an 18-month timeframe, and shall add to the ongoing efforts for the development of connectivity corridors enhancing mobility across railway tracks by the Uttar Pradesh government. Development of domestic railway sector was emphasized in this year’s Union Budget that allocated Rs 2.41 lakh crore for purchasing modern Vande Bharat trains, laying new tracks, doubling lines on existing routes, and deploying automated train safety technology.The Uttar Pradesh government got the lions share of 17,507 crore from the railway budget.
Commenting on this development, Pankaj Sharma, the Managing Director of K2 Infragen Ltd, said "We are elated to have been entrusted with the responsibility of executing this pivotal project. The addition of this order is estimated to contribute Rs. 35 crores to K2 Infragen’s revenues for the fiscal year 2024-2025. The completion of this 4 Lane Rail Over Bridge shall significantly enhance the railway infrastructure of the Patna-Mughalsarai section in Chandauli and contribute to the developmental efforts being undertaken by the government to modernize the Indian Railways. With this Rail Over Bridge Project, we look forward to making an impactful contribution to enhancing connectivity and mobility in the North Indian region by prioritizing quality work and timely completion.”
This contract adds to K2 Infragen’s illustrious project portfolio which includes a track record spanning the engineering, procurement and construction of roads, bridges, railways, water supply works, and buildings, significantly boosting its impressive order book to Rs. 443.73 crores. The company is also currently involved in the construction of a similar 2 lane flyover for the Public Works Department of Madhya Pradesh.
The company launched a successful IPO in April 2024 with a public offer that was subscribed more than 46.35 times. It has previously been involved in Bharatmala Pariyojna and the Jal Jeevan Mission under the Ministry of Jal Shakti, Government of India.
This new contract is set to enrich K2’s diverse construction portfolio, demonstrating its commitment to quality, innovation and excellence and solidifying its positioning in the infrastructural sector as the company continues to garner industry trust and recognition for its exemplary project delivery capabilities.
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