INFRA STOCK IN THE NEWS AFTER SIGNING Rs 2000 CRORE AGREEMENT FOR DRINKING WATER SUPPLY PROJECT

has been in the news after it's subsidiary company secured a Rs 2,085 crore project to supply Godavari water and rejuvenate reservoirs which will be completed in two years and operated for 10 years. The project involves the Godavari Drinking Water Supply Scheme to fill Osmansagar and Himayathsagar reservoirs with Godavari water for rejuvenating the Musi River. The company currently holds a strong order book of Rs 7,650 crores, reflecting robust project visibility. This positions the company for steady growth in the infrastructure and water management sectors. With operations across India and globally having a team of over 2000 professionals, the company focuses on construction and development, often employing public-private partnership models. With a market cap of Rs 4,175 crores, the company's share price is currently trading at a decent P/E of 20.3 and P/BV of 2.20x. Moreover, the company has delivered good profit growth of 24.5% CAGR over last 5 years.