Sattva Engineering Construction Limited, in a consortium with JSR Infra Developers Private Limited, has secured a wastewater treatment infrastructure project from Thiruverkadu Municipality worth ₹108.4 crore. The project, awarded under the Design-Build-Operate-Transfer (DBOT) model, encompasses the design, engineering, construction, and commissioning of a 46 MLD sewage treatment plant at Koladi, Tamil Nadu. This contract strengthens the company's presence in the urban water and environmental infrastructure sector, providing long-term revenue visibility through a 10-year operation and maintenance component.

The Letter of Acceptance was issued on June 12, 2026, referencing Tender Notice No. 2422/2024/E1. The project utilizes Sequential Batch Reactor (SBR) technology and requires the consortium to execute the design, construction, and commissioning within 18 months. Following the construction phase, the companies will manage the plant's operation and maintenance for a period of 120 months.

Financial terms of the agreement stipulate a total contract value of ₹108.4 crore, excluding GST. The value is divided into two primary components: the construction phase is valued at ₹78.8 crore, while the operation and management phase accounts for ₹29.6 crore. The disclosure was submitted to the National Stock Exchange of India Limited (NSE Emerge) in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details

Sattva Engineering Construction Limited has received a penalty order from the Income Tax Department – National Faceless Assessment Centre (NFAC) imposing a financial liability of ₹1,50,000 for Assessment Year 2022-23. The order, issued under Section 271B of the Income-tax Act, 1961, was received by the company on June 5, 2026. The penalty arises from non-compliance with requirements prescribed under the Act for the specified assessment year.

The disclosure was submitted to the National Stock Exchange of India in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. R Sekar, Whole-time Director, confirmed the receipt of the communication and stated that the company is currently reviewing the order. The management is evaluating appropriate legal remedies, which may include filing an appeal or representation before the relevant authority if required.

The financial implications of the order are limited to the penalty amount of ₹1,50,000. The company noted that the DIN of the order is 2026202240425919212C. Sattva Engineering Construction has indicated that it will provide further updates in accordance with applicable regulations as necessary.

Details of the Communication

The following table outlines the key particulars of the penalty order received by the company: