Thursday, April 10, 2025
HomeGujaratAhmedabadVVIP Infratech Limited Secures Rs. 414 Crores in Government-Funded Infrastructure Projects

VVIP Infratech Limited Secures Rs. 414 Crores in Government-Funded Infrastructure Projects

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VVIP Infratech Limited (BSE: 544219 | Symbol: VVIPIL) has been awarded Letters of Acceptance (LOA) and Letters of Intent (LOI) amounting to Rs. 414 crores for infrastructure projects across Uttarakhand and Uttar Pradesh. These projects, sanctioned by government bodies and supported by international financial institutions, reinforce the company’s role in India’s infrastructure development.Sewerage Network Segment in Uttarakhand: A project worth Rs. 175.80 crores, funded by the German Financial Cooperation, aimed at enhancing sanitation infrastructure in the state.  Electric Distribution Segment in Uttar Pradesh: A series of projects under the Revamped Distribution Sector Scheme (RDSS) of the Government of India, totaling Rs. 238.36 crores. These projects cover multiple clusters, including Cluster-1 (Bulandshahr Zone), Cluster-2 (Saharanpur), Cluster-3 (Moradabad Zone), and Cluster-4 (Meerut Zone). With financial backing from reputed central government agencies and international financial institutions, these projects ensure a high degree of creditworthiness and payment security. The company’s ongoing and upcoming order book is largely supported by AAA+ rated institutions, reflecting minimal risk of delay in receivables and long-term financial stability.Vaibhav Tyagi, Managing Director of VVIP Infratech Limited, stated, “We are honored to secure these projects, which reinforce our commitment to strengthening India’s infrastructure landscape. With a focus on quality execution and innovation, we aim to contribute meaningfully to the nation’s development while ensuring financial stability and operational efficiency.”

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