Popular Foundations Limited has announced the receipt of a substantial new work order valued at ₹19.82 Crores (including GST). The order has been awarded by Ms. Sastra Deemed to be University for the construction of a domestic convention center. This significant development enhances the company’s order book and provides positive future revenue visibility.
New Work Order Secured
Popular Foundations Limited has been awarded a significant new work order, marking a positive development for the company’s order book. The order, valued at ₹19.82 Crores inclusive of Goods and Services Tax (GST), has been received from Ms. Sastra Deemed to be University.
Project Details
The contract pertains to the construction of a domestic convention center. The estimated timeline for the execution of this order is approximately 10 months from the commencement of work.
Financial Impact
This new order represents a substantial addition to the company’s ongoing projects and is expected to contribute positively to its future revenue streams and overall financial performance.
Disclosure Compliance
The disclosure regarding this new order has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
