Asya Infosoft Limited (formerly Axis Solution Limited) has announced securing a significant order for the design, construction, testing, and commissioning of a multi-village water project under the Jal Jeevan Mission in Chhattisgarh. The order was awarded by M/s Vikran Engineering Limited, a domestic entity. The total value of the order is INR 26,00,00,000.

This contract, which falls under the ambit of the Jal Jeevan Mission, aims to enhance water access to rural areas across multiple villages in Chhattisgarh. The project has a completion period of 12 months, starting from the Date of Letter of Intent (LOI). Additionally, the contract includes a Liquidated Damages (LD) Clause of 0.5% per week, which can accumulate up to a maximum of 5% for any un-delivered portions of the project.

Key Terms of the Order

• Project Scope: Design, Drawing, Construction, Testing, and Commissioning of the multi-village water project.
• Project Timeline: The delivery timeline is set for 12 months from the Date of LOI, with a completion period of 8 months from the FOA (Firm Order Acknowledgement) based on FOT site (Free On Truck Site) basis.
• Financials: The order is valued at INR 26 crore.
• Domestic Order: The contract was awarded to Asya Infosoft Limited by a domestic company, M/s Vikran Engineering Limited.
  
  

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Significance of the Order

This order is a major development for Asya Infosoft Limited, as it strengthens its position in the public infrastructure sector, particularly in water management projects under the Jal Jeevan Mission. This project further underscores the company’s growing expertise in large-scale engineering and construction projects.

The Jal Jeevan Mission, which aims to ensure safe drinking water for all households in rural India by 2024, will benefit significantly from this initiative, helping improve the water supply system and infrastructure in the Chhattisgarh region.

Additional Information

In accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, this announcement is made to keep investors and stakeholders informed about the order received by Asya Infosoft Limited.

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