Om Metals Infraprojects has received letter of award (LoA) from Water Resources Department, Govt. of Punjab for project works of Shahpurkandi power house project with value of Rs 621 crore for the Construction of Two power houses, their appurtenant works an part of Hydel Channel of Shahpurkandi Dam Project on EPC mode from Water Resource Department, Government of Punjab, Shahpurkandi Township.

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In a BSE filing made during market hours today, the company said that the company, in a joint venture, was declared as the L1 (lowest) bidder in competitive bidding process for Shahpurkandi Power House project worth approximately Rs 621 crore. The tender is for constructing two power houses, their appurtenant works an part of hydel channel of Shahpurkandi Dam Project on EPC mode from Water Resource Department, Government of Punjab.

“We are positively awaiting for Letter of Intent (LOI) from Government of Punjab on merits for this tender,” the company said in a statement.

Om Metals is an EPC Company in water, irrigation and hydroelectric projects having diverse business related to engineering and mechanical components, turnkey solutions from design drawing till complete commissioning.

The company reported a consolidated net profit of Rs 0.02 crore in Q2 FY21 as compared to a net loss of Rs 3.47 crore in Q2 FY20. Net sales during the quarter declined by 5.2% YoY to Rs 39.93 crore.

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Om Infra (formerly known as Om Metals Infraprojects) announced that the company in a joint venture has emerged lowest bidder in competitive bidding for tender of value Rs 621 crore from Water Resources Department, Govt. of Punjab for power house project of Shahpurkandi Dam.

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Om Metals Infraprojects has been renamed as Om Infra with effect from 06 January 2021.

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