Vishnu Prakash JV Bags ₹51.40 crore Sewerage Project in Jaipur

Vishnu Prakash R Punglia Limited (VPRPL), along with its joint venture partners RBIPL and the Jaipur Development Authority (JDA), has been awarded a contract for constructing a 30 MLD (megalitres per day) sewerage treatment plant at Swarn Vihar, Sanganer, Jaipur.

The project will use Sequential Batch Reactor (SBR) technology, an approach to wastewater treatment. The Office of the Executive Engineer of JDA issued the Letter of Acceptance on January 23, 2025. The total value of the contract stands at ₹513.99 Million.

Details of the Project

The scope of the project includes engineering, procurement, construction, commissioning, and operational performance testing, followed by operations and maintenance (O&M). This tender was evaluated and finalized after a competitive bidding process, with VPRPL-RBIPL-JDA-JV emerging as the selected contractor.

Other Projects Secured by VPRPL

This is the third major order secured by VPRPL in January 2025. On January 2, the company was chosen as the lowest bidder for a ₹43.31 crore road development project in Rajasthan. This project involves the construction of a 2 lane bypass with paved shoulders and a new rail overbridge (ROB) to Mandal town in Bhilwara district.

On January 1, VPRPL secured another contract valued at ₹31.34 crore for elevation works of academic blocks at the Fintech Digital Institute in Jodhpur. The project was given by the Department of Information Technology and Communication, Government of Rajasthan.

Background

VPRPL, founded in 1986, is a construction and infrastructure firm with a presence in nine states and one union territory in India. The company is into building projects such as highways, flyovers, bridges, and residential complexes. As of September 30, 2023, the company reported an order book worth ₹5,086 crore.

Market Performance

Following the announcement of the Jaipur contract,  As of 10:53 AM today, on January 24, Vishnu Prakash R Punglia Ltd’s shares were trading at ₹250.70, down by 1.36% today, but showing a 12.29% rise over the past six months and up a 17.73% over the past year.

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