Highway Infrastructure Ltd Secures ₹14.60 Crore Work Order
Filing Summary
Highway Infrastructure Ltd has received a work order valued at approximately ₹14.60 crore from Sacham Highway Real Estates Private Limited. The order involves construction and development work at the residential colony project “Beverly Greens” in Indore. The project is expected to be completed within two years. The transaction is classified as a related party transaction conducted on an arm’s length basis. This development aligns with Highway Infrastructure Ltd’s ongoing business operations in the construction sector.
Highway Infrastructure Ltd has announced the receipt of a work order from Sacham Highway Real Estates Private Limited. The order, valued at approximately ₹14.60 crore, pertains to construction and development work at the residential colony project “Beverly Greens” located in Indore. The project is expected to be executed over a period of two years.
The work order involves construction and development activities at specific plots within the residential colony. The total value of the work order is subject to variation depending on site conditions, and applicable GST will be added to the final amount. The transaction is classified as a related party transaction, conducted on an arm’s length basis and in the ordinary course of business.
The order was awarded by a domestic entity, Sacham Highway Real Estates Private Limited. The project site is located at Village Tillore Khurd, Tehsil-Bicholi-Hapsi, Indore. The specific plots involved in the project are identified by their khasra numbers, which include 24/4, 40/2, 24/3, 35/1/2, among others.
Sacham Highway Real Estates Private Limited is engaged in real estate development, focusing on residential projects. The company collaborates with construction firms to execute large-scale residential projects, contributing to urban development in various regions.
Highway Infrastructure Ltd specializes in infrastructure development, with a focus on construction projects. The company is involved in executing various infrastructure projects, including residential and commercial developments. This work order aligns with its strategic focus on expanding its portfolio in the construction sector.