W S Industries (I) Limited — New Orders, 31-12-2024: Bagging/Receiving of orders/contracts

The Board of W.S. Industries (India) Limited has secured a contract valued at approximately Rs 86.26 Crores for the construction of additional and balance works at the Integrated Bus Terminal and Multi-Utility Facility Centre in Tiruchirappalli City Corporation, Tamil Nadu. This is a subcontract awarded by CMK Projects Private Limited, a domestic entity. The project is expected to be completed within four months. Notably, the engagement involves related parties, with the managing director and director of CMK Projects holding connections to W.S. Industries; however, the transaction is reported to be at arm's length. This order enhances the company’s project portfolio and presents a positive growth outlook in the construction sector. Investors should monitor the execution timeline and potential impacts on future earnings.