Twamev Construction and Infrastructure Limited — Important, 01-02-2025: General Updates

Tantia Constructions Limited has received a Letter of Acceptance from The Braithwaite and Jessop Construction Company Limited for the construction of two Road Over Bridges (ROBs) at specified railway km markers in the Khurda Road Division. The total value of the contract is approximately ₹27.99 crore, inclusive of GST, and is based on accepted rates following the tender offer. The project encompasses a completion timeline of 22 months from the date of the Letter of Acceptance. A performance guarantee of 5% of the total contract value is required within 21 days of the issuance of the LOA, with further terms of payment outlined in the initial tender document. This agreement marks a significant development for Tantia Constructions, offering potential revenue and expanding its operational footprint in infrastructure projects. Investors should watch closely for the progress and successful execution of this contract, which could enhance the company’s market positioning.