Core Announcement – Order Details
Awarding Entity: Uttar Pradesh Jal Nigam (Rural)
Domestic/International Order: Domestic
Nature of Order/Contract: Development of 60 MLD Sewage Treatment Plant and Associated Infrastructure at Lohta, Varanasi, Uttar Pradesh on Hybrid Annuity Model PPP mode under Namami Gange Programme. Includes both construction and long-term Operation & Maintenance components.
Order Value: ₹130.14 Crores (excluding GST)
Materiality Context: Not Specified
Execution Timeline: 21 months for construction and 3 months for trial operations, followed by an Operation and Maintenance (O&M) period of 15 years
Revenue Recognition / Billing Structure: Hybrid Annuity Model (HAM) along with Operation & Maintenance (O&M). Specific billing structure not disclosed.
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No
Financial Implication: Not Specified
Special Purpose Vehicle: The project will be executed through SPV - Varanasi Lohta STP Private Limited, which was incorporated by the Company and intimated to stock exchange dated 17.06.2026
Regulatory Compliance: Disclosure made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time read with SEBI Master Circular dated 30.01.2026
LOA Details: Letter of Acceptance dated 01.07.2026, received by the Company from the concerned Department on 03.07.2026