Tantia Constructions Limited, a prominent player in the construction sector, has received a Letter of Acceptance for a major infrastructure project. The company, in partnership with a third party as part of a consortium, has been awarded a contract by the Directorate of Tourism, Shillong, Meghalaya. This project is for the design, supply, construction, operation, and maintenance of a passenger ropeway at Shillong Peak, one of Meghalaya's prime tourist destinations.

The total value of the project is Rs. 151 crore, with Tantia Constructions holding a 60% share in the consortium. This significant order marks a major milestone for the company in its efforts to enhance its presence in large-scale infrastructure projects, particularly in the tourism and transportation sectors.

This award follows the company's earlier announcement on November 13, 2024, where Tantia Constructions disclosed that it emerged as the lowest bidder (L1) for this project. This win underlines the company’s commitment to delivering competitive bids and its capability to execute technically challenging projects.

The ropeway project will be executed under the Engineering, Procurement, and Construction (EPC) mode, which ensures a seamless and comprehensive approach to design, construction, and subsequent operation and maintenance. The initiative aims to boost tourism by providing a sustainable and efficient transportation solution for visitors to Shillong Peak.

Tantia Constructions’ compliance with the regulatory requirements was also highlighted in the disclosure. The company notified the stock exchanges in adherence to Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, showcasing its commitment to transparency and good governance.

This achievement is expected to contribute significantly to the company’s revenue and enhance its reputation as a trusted partner for complex and large-scale infrastructure development projects. The project not only strengthens Tantia’s portfolio but also underscores its strategic focus on growth opportunities in the tourism sector, which is a key driver of regional development in India.

This development aligns with Meghalaya’s broader efforts to improve its tourism infrastructure and attract more visitors, enhancing the overall economic growth of the state. The ropeway project at Shillong Peak is poised to become a flagship tourist attraction, offering scenic views and a unique travel experience.

Tantia Constructions’ proven track record in executing similar projects, coupled with its leadership position in the consortium, positions it well to deliver on this ambitious contract. The company’s focus on sustainable and innovative engineering solutions ensures that the project will meet both the technical and environmental standards required for such a sensitive location.

As the project moves forward, stakeholders will be keenly observing the progress, given its potential to set benchmarks in infrastructure and tourism development in the Northeastern region of India.

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