As of September 30, 2026, the company's outstanding order book stood at ₹7,824.44 million.
The order book is spread across 32 projects.
The Water Management segment forms the core of operations, accounting for the majority share of the current order book.
Breakdown of outstanding order book by segment:
Water Management: 15 projects, ₹4,046.5 million (51.7% of total)
Irrigation: 6 projects, ₹2,877.2 million (36.8% of total)
Infrastructure: 5 projects, ₹375.1 million (4.8% of total)
Railways: 2 projects, ₹170.1 million (2.2% of total)
Roads: 4 projects, ₹33.9 million (0.4% of total)
In July 2026, the company secured two new irrigation infrastructure projects worth approximately ₹655.66 million.
Track Record & Key Projects
Since incorporation, the company has completed 50 projects worth ₹2,772.8 million.
Key ongoing projects include:
K C Valley project (Phase I and II under Jal Jeevan Mission): Total Value ₹4,462.30 million
Kerehalli Drinking Water Project (Koppal under Jal Jeevan Mission): Total Value ₹2,350 million
Providing Water Supply Scheme to Kuknuru & Yelburga towns under Amrut-2: Total Value ₹2,052.80 million
Chikkabenakal Drinking Water Project (Gangavathi under Jal Jeevan Mission): Total Value ₹1,065.10 million
5 STP Projects Across Karnataka (Belagavi, Dharwad, Kalaburagi & Tumkur): Combined Value ₹1,063.10 million
Basavanabagewadi (AMRUT) Drinking Water Project: Total Value ₹203.36 million
Management Commentary & Outlook
Mr. C. Mruthyunjaya Swamy, Chairman and Executive Director, provided commentary on H1 FY27 performance.
H1 FY27 witnessed a challenging operating environment due to a transitional phase in Karnataka's State Government and subsequent monsoon conditions, which impacted project approvals, payment cycles, and on-ground execution.
Financial performance was moderated during the period, but operating revenues improved on a sequential basis in Q2, reflecting a gradual recovery in execution momentum.
The company expects project execution momentum to improve in H2 FY27 with more favourable weather conditions and normalization of administrative processes, as the business traditionally witnesses higher activity during the second half.
The healthy order book of ₹7,824.44 million provides strong visibility for future execution and growth.
Going forward, the company remains focused on accelerating project execution, strengthening operational efficiencies, and pursuing opportunities across irrigation, drinking water supply, wastewater management, and groundwater recharge.
Business Overview & Strategy
The company is a civil engineering contractor specializing in water revitalization and groundwater recharge projects with over a decade of experience.
Core expertise includes Water Infrastructure Management and Groundwater Recharging using innovative solutions with recycled water.
The company operates on a Design-Build-Operate-Transfer (DBOT) model, ensuring long-term operation and maintenance contracts accounting for approximately 7% of contract value.
Growth strategies include:
Leveraging core competencies in groundwater recharge projects
Regional diversification into geographies such as Gujarat, Madhya Pradesh, Maharashtra, and Uttar Pradesh
Business expansion into railways and highways segments (currently have projects worth ₹297.43 million in these sectors)
Key Management
Mr. C. Mruthyunjaya Swamy: Chairman and Executive Director, veteran civil engineer with nearly 40 years of experience
Mrs. Hema H. M.: Executive Director, promoter with expertise in CSR and social-impact initiatives
Manish Jayasheel Shetty: Managing Director, seasoned civil engineering professional with 10+ years of experience
Sujit T. R.: Whole-Time Director & CFO, founder and director since company inception
Sujata Gaonkar: Company Secretary and Compliance Officer
