Chiraharit Limited Secures ₹1.57 Crore Contract for Water System Project in Madhya Pradesh
Chiraharit Limited has secured a ₹1,56,62,875 contract from Newzone India Private Limited for electromechanical works in a Madhya Pradesh water system project. The domestic contract involves supply, erection, testing, and commissioning with completion timelines of 2-4 months. The deal represents significant business development with no related party involvement.
*this image is generated using AI for illustrative purposes only.
Chiraharit Limited has secured a substantial contract worth ₹1,56,62,875 from Newzone India Private Limited, a Torrent Group company, for electromechanical works in a water system project. The company announced this development through a regulatory filing dated March 21, 2026, under SEBI's disclosure requirements.
Contract Details and Scope
The purchase order encompasses supply, erection, testing, and commissioning of electromechanical works for construction and potable drinking water systems. The project will be executed in Madhya Pradesh, marking another significant domestic contract for the company.
| Parameter: | Details |
|---|---|
| Contract Value: | ₹1,56,62,875 (excluding GST) |
| Client: | Newzone India Private Limited (Torrent Group) |
| Location: | Madhya Pradesh |
| Nature: | Electromechanical works for water systems |
| Contract Type: | Domestic |
Execution Timeline
The contract comes with specific completion deadlines that demonstrate the project's structured approach. Supply activities must be completed within 2 months from the purchase order issuance date, while service completion, including erection, testing, and commissioning, is scheduled within 4 months from the same date.
Regulatory Compliance
Chiraharit Limited has confirmed that this contract does not involve any related party transactions and operates on arm's length principles. The company's promoter group has no interest in Newzone India Private Limited, ensuring transparent business dealings. The announcement was made pursuant to Regulation 30 of SEBI LODR Regulations and relevant SEBI circulars.
Business Significance
This contract represents a notable addition to Chiraharit Limited's order book, particularly in the water infrastructure segment. The association with Torrent Group through Newzone India Private Limited could potentially open doors for future collaborations in similar infrastructure projects across India.
Historical Stock Returns for Chiraharit
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.79% | -7.97% | -20.53% | -60.21% | -60.21% | -60.21% |
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