Axis Solutions Limited has received a significant domestic order valued at ₹400 Crore (Rupees Four Hundred Crore Only) from M/s NKG Primus JV. The order is for implementation of various rural water supply projects.
Project Scope and Terms
The contract involves comprehensive implementation of rural water supply infrastructure including:
- Tube wells
- Rising mains
- Overhead tanks
- Boundary walls
- Pump houses
- Distribution pipe networks
- Individual house connections
- Public stand posts
The project requires a performance bank guarantee of 3% of contract value in favor of NKG Primus JV.
Execution Timeline
The project has staggered completion deadlines:
- Single village schemes: Completion by March 2027
- Multi-village schemes: Completion by March 2028
Entity and Transaction Details
The order was awarded by domestic entity NKG Primus JV. The company confirms that:
- The promoter/promoter group/group companies have NO interest in the entity that awarded the order
- The transaction does NOT qualify as a related party transaction