SRM Contractors Secures INR 483 Crore Contract from MSIDC

SRM Contractors Ltd has announced the acquisition of a contract worth INR 483 Crore from the Maharashtra State Infrastructure Development Corporation Limited (MSIDC). The contract was awarded under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was disclosed to the BSE and NSE on April 4, 2026.

The contract involves the construction of the southern section of the Nashik Ring Road, covering a distance of 14.020 kilometers. The project will be executed under the Engineering, Procurement, and Construction (EPC) mode. The construction is expected to be completed within a period of 12 months from the appointed date.

The contract awarded by MSIDC is a domestic order, and there are no related party transactions involved. The filing confirms that neither the promoter group nor any group companies of SRM Contractors have any interest in MSIDC.

MSIDC is a state-owned entity focused on infrastructure development within Maharashtra. The corporation is responsible for planning and executing various infrastructure projects, including roads, bridges, and other public works, to enhance the state’s infrastructure capabilities.

SRM Contractors Ltd, formerly known as SRM Contractors Private Limited, specializes in infrastructure development projects. The company focuses on executing large-scale construction projects, including roads, bridges, and other civil engineering works. SRM Contractors aims to expand its portfolio by securing significant contracts in the infrastructure sector.