Udayshivakumar Infra Ltd JV wins water supply project in Karnataka

Udayshivakumar Infra Limited has entered into Joint Venture with Kevadiya Construction Private Limited in the name of "M/s. Kevadiya Construction Private Limited-Udayshivakumar Infra Limited (JV)" for joint bidding of aforementioned tender for water supply project in the State of Karnataka. The Joint venture has won bidding and secured the order of Rs.119.78 Crores including GST. The Joint Venture had entered agreement with principle contactor The Chief Engineer, KUWD & DB, Dharwad, Karnataka. The Appointed date yet to be issued.

The shareholding of the Joint Venture is as follows:

1) Kevadiya Construction Private Limited. - 51%
2) Udayshivakumar Infra Limited. - 49%

The project involves "Improvements of Water Supply Scheme to Hangal town and providing water supply scheme to Yallapur Town with Bommanahalli pickup dam as source" under AMRUT 2.0 including O&M for a period of 5 years through Design, Build, Operation and Transfer (DBOT mode)

Source : Equity Bulls

Keywords

UdayshivakumarInfra JV KevadiyaConstruction WaterSupplyProject Karnataka