Rachana Infrastructure Limited, a prominent player in the infrastructure sector, has recently secured a substantial subcontract for the Palamu Pipeline Irrigation Scheme (Package-II) in Jharkhand. This new project, awarded by LCC Projects Private Limited, is valued at ₹287.04 crore (Two Hundred Eighty-Seven Crores Four Lakhs and Eighty-Five Thousand only), and involves comprehensive responsibilities including survey, design, supervision, management, execution, and the operation and maintenance of the irrigation scheme.

The project is under the aegis of the Government of Jharkhand's Water Resource Department and spans a period of two years from the date of the agreement. This award marks a significant milestone for Rachana Infrastructure, reflecting its robust capabilities in handling large-scale infrastructure projects.

The subcontract details specify that Rachana Infrastructure will manage all aspects of the project, ensuring efficient and effective implementation in line with government requirements. Notably, this contract does not involve related party transactions, and the company has no vested interests from the promoter or promoter group in the entity that awarded the subcontract.

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This development is a key indicator of the company's growing influence in the infrastructure sector and its ability to secure and execute high-value projects. The Palamu Pipeline Irrigation Scheme is expected to enhance irrigation facilities significantly, benefiting the region's agricultural sector and contributing to the local economy.

For stakeholders, this announcement underscores Rachana Infrastructure’s commitment to expanding its project portfolio and delivering on large-scale infrastructure commitments. The execution of this project will not only reinforce the company's market position but also demonstrate its capability to handle complex and high-value contracts efficiently.

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