Om Infra lands ₹568.98 cr L1 water project in Chhattisgarh
A ₹568.98 crore L1 bid worth 121% of FY26 standalone revenue. The contract involves a barrage, pipe irrigation and five-year O&M. Second L1 win in two weeks after a ₹482.27 cr L1 on July 17.
— 2 earlier stories on Om Infra Ltd. →What's new
- Om Infra is L1 for a ₹568.98 cr water resource project in Chhattisgarh.
- Contract includes Mohmela Sirpur Barrage, pipe irrigation network, and 5-year O&M.
- Following a ₹482.27 cr L1 on July 17, this is the second large L1 in two weeks.
Why this matters
At 121% of FY26 revenue and 67% of market cap, this single L1 could fundamentally reshape Om Infra's order book. But L1 status is non-binding — the company still awaits a formal letter of intent. For a micro-cap with trailing revenue down 6.9% and profit down 56.5%, execution risk is substantial.
What we're watching
- Formal letter of intent for the Chhattisgarh project.
- Conversion of both L1 bids into firm contracts.
- Ability to execute large projects with ₹160 cr quarterly sales.
The full read
Om Infra has been declared lowest bidder for a ₹568.98 crore water resource project in Chhattisgarh, its second L1 win in two weeks after a ₹482.27 crore bid on July 17. The contract, from the Water Resources Department, covers a barrage, pipe irrigation network and five-year O&M. At 121% of FY26 standalone revenue of ₹469 crore and 67% of its ₹832 crore market cap, this is a materially large opportunity. But L1 is not a contract; the company awaits a formal letter of intent. For a micro-cap with trailing revenue down 6.9% and profit down 56.5%, execution risk is real, especially with two large bids pending conversion. The next catalyst is the LOI.
Questions answered
- How does the ₹568.98 cr L1 compare to Om Infra's revenue?
- It equals about 121% of FY26 standalone revenue of ₹469 crore and about 67% of its ₹832 crore market cap.
- What is the risk that this L1 does not become a final contract?
- L1 status is non-binding; the company must receive a formal letter of intent. Until then, the award could be cancelled or retendered.
- What was the previous L1 win from July 17?
- On July 17, Om Infra was declared L1 for a ₹482.27 crore project, which was about 103% of FY26 revenue.
- What does the project involve?
- Construction of the Mohmela Sirpur Barrage on the Mahanadi River, a pipe irrigation network, and five years of operation and maintenance after completion.
- What is Om Infra's recent financial performance?
- Trailing revenue declined 6.9% and PAT fell 56.5%. In the March 2026 quarter, sales were ₹160 crore and net profit ₹6 crore. Debt/equity is low at 0.10.
Om Infra Ltd.
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All notes on OMINFRAL →- 28 Jul 2026 · 7:58 AM IST Om Infra lands ₹568.98 cr L1 water project in Chhattisgarh
- 11d ago Om Infra's ₹482 cr L1 win equals 103% of FY26 revenue
- 15d ago Om Infra climbs to investment grade after Infomerics upgrade