Maytas Infra bags order worth Rs222 cr from PGCIL

Maytas Infra bags order worth Rs222 cr from PGCIL

Mumbai: Infrastructure development firm Maytas Infra today said it has bagged orders worth Rs222 crore from state-run Power Grid Corporation for rural electrification work in Orissa and West Bengal.

In a filing to the Bombay Stock Exchange, Maytas Infra said it has received contract worth Rs222.25 crore from PGCIL for rural electrification work under Rajeev Gandhi Grameen Vidyutikaran Yojana.

The company would be executing these projects on a turnkey basis. The scope of work involves design, supply and commissioning of projects.

“We look forward to partnering with PGCIL to make a difference in the lives of rural and semi-urban populace in Orissa and West Bengal....we at Marts will be executing these projects with highest efficiency, highest standard of safety and the best environmental norms," Maytas Infra Chief Executive Officer P K Madhav said.

The Hyderabad-based firm won two contract of 5 crore for electrification in Khurda and Sundergargh districts of Orissa and two contracts of about 146 crore for West Midnapore district of West Bengal respectively.

Shares of the company were trading at Rs485.50, down 1.63% on the BSE.