In a significant boost to its order book, infrastructure major Vishnu Prakash R Punglia Ltd has secured a prestigious work order worth approximately ₹78 crore from the Jaipur Development Authority (JDA). The project aims to strengthen the city’s water infrastructure under its ongoing urban development and water security initiatives.
Key Highlights of the Order
The ₹78 crore order awarded by JDA involves comprehensive design, construction, testing, and commissioning of a water supply scheme across various parts of Jaipur. It includes:
- Construction of intake structures
- Laying of pipelines and distribution network
- Installation of pumping machinery
- Associated civil, electrical, and mechanical works
- Trial run and maintenance period post-completion
The project is expected to be executed within a stipulated timeline of 18 months from the date of commencement, ensuring critical milestones are met in line with Jaipur’s urban water distribution goals.
About Vishnu Prakash R Punglia Ltd
Founded in 1986, Vishnu Prakash R Punglia is a Jodhpur-headquartered EPC (Engineering, Procurement and Construction) company with an extensive portfolio in water supply projects, road construction, irrigation, railways, and industrial infrastructure. The company is known for executing complex water and sanitation schemes in multiple states including Rajasthan, Gujarat, Maharashtra, and Uttar Pradesh.
With an order book exceeding ₹6,500 crore as per its last quarterly report, this new ₹78 crore win further consolidates its dominance in Rajasthan’s water infrastructure sector.
Strategic Importance of the Project
The Jaipur Development Authority has prioritised expansion and improvement of the city’s water distribution system to cater to its rising population and urban sprawl. This specific project will:
- Enhance piped drinking water coverage in uncovered areas
- Improve existing supply with new pipelines and modern pumping stations
- Strengthen water availability for residential and commercial establishments
- Align with Rajasthan government’s broader Jal Jeevan Mission targets
Recent Major Orders Won By Vishnu Prakash R Punglia
| Project Name | Client | Order Value (₹ crore) | Location | Year Awarded |
|---|---|---|---|---|
| Narmada Canal Lift Irrigation Scheme | Government of Gujarat | 412 | Gujarat | 2024 |
| Chambal Water Supply Project | PHED Rajasthan | 260 | Kota | 2024 |
| Urban Sewerage and Treatment | PHED Maharashtra | 125 | Nagpur | 2023 |
| Jal Jeevan Mission Schemes | PHED UP | 340 | Prayagraj | 2023 |
| Jaipur Water Supply Project | JDA | 78 | Jaipur | 2025 |
Why This Win Matters For Vishnu Prakash R Punglia
- Strengthening Rajasthan footprint: Nearly 60% of its order book originates from Rajasthan, and this contract cements its leadership in the state’s urban infrastructure segment.
- Revenue visibility: With an execution period of 18 months, the ₹78 crore inflow enhances near-term revenue projections and cash flow stability.
- Urban EPC expertise: The project will showcase its technical capability in urban water supply design and implementation, a critical vertical in India’s Smart Cities Mission.
- Boosting investor confidence: The order is expected to reflect positively in upcoming quarterly results, driving market optimism for long-term growth.
Management’s Outlook
While the company is yet to officially comment on the specific order, senior executives in previous investor calls have emphasised their aggressive bidding approach in water, sewerage, and road EPC projects across Rajasthan, Gujarat, and Maharashtra. Analysts expect similar announcements in coming quarters as states ramp up infrastructure spends under central schemes.
Water Infra Sector: Market Context
India’s EPC companies continue to benefit from state and central government push for urban and rural water security:
- Jal Jeevan Mission: Targeting tap water for every rural household by 2024-25.
- Smart Cities Mission: Urban pipeline renewal and smart water metering.
- AMRUT 2.0: Upgrade of water supply and sewerage systems in Tier II and Tier III cities.
Vishnu Prakash R Punglia, with its established expertise, is positioned well to capitalise on these opportunities.
About Jaipur Development Authority
The JDA is the nodal urban planning body responsible for infrastructure projects, civic amenities, housing schemes, and sustainable urban development in Jaipur and its surrounding areas. Recent years have seen a strong thrust on water infrastructure to address the city’s recurring water scarcity challenges, supported by Rajasthan state allocations and international funding agencies.
Company Financial Performance Snapshot
| Particulars (₹ crore) | FY23 | FY24 |
|---|---|---|
| Revenue | 2,450 | 3,220 (est.) |
| EBITDA | 420 | 510 (est.) |
| Net Profit | 175 | 205 (est.) |
| Order Book | 5,800 | 6,500+ |
Future Pipeline And Expansion
Besides Rajasthan, Vishnu Prakash R Punglia is actively bidding for:
- Road EPC projects in Madhya Pradesh
- Rural water supply schemes in Gujarat under Jal Jeevan Mission
- Sewerage treatment plant construction under Namami Gange in Uttar Pradesh
These are likely to further expand its geographical and operational footprint in India’s infrastructure ecosystem.
Conclusion
The ₹78 crore water supply order win from Jaipur Development Authority reaffirms Vishnu Prakash R Punglia’s growing dominance in urban infrastructure projects, especially in Rajasthan. As India’s infra push accelerates under multiple state and central schemes, the company is expected to maintain its growth momentum, delivering robust financials and sectoral leadership in FY26 and beyond.
Disclaimer
This news article is for informational purposes only. It does not constitute investment advice or a recommendation regarding any securities or companies mentioned herein. Readers are advised to perform their own due diligence and consult financial advisors before making investment decisions.
