Vrundavan Plantation Limited, a key player in the plantation and landscaping industry, has announced the receipt of a significant order from Millennium Park Holdings Pvt. Ltd. The company has secured the contract for the supply, planting, and maintenance of various types of lawns and trees at Kensville Golf & Country Club, a well-known site under Millennium Park Holdings Pvt. Ltd. The order, which is a domestic contract, comes with a value of Rs. 1,79,97,500 (approximately Rs. 1.79 crore), and the completion timeline for the contract is six months from the purchase order date of February 5, 2025.

Key Details of the Contract Awarded to Vrundavan Plantation Limited:

• Order awarded by: Millennium Park Holdings Pvt. Ltd.
• Site address: Kensville Golf & Country Club
• Scope of work: The contract involves the supply of Korean Carpet Lawn, supply and planting of Semi Carpet Lawn, and supply and planting of Mixed Forest Trees.
• Nature of the contract: The contract focuses on supply, planting, and maintenance of various landscaping elements, demonstrating the company's expertise in horticulture and plantation services.
• Value of the contract: The total value of the contract is Rs. 1,79,97,500, a significant amount for Vrundavan Plantation Limited, further boosting its financial prospects.
• Time frame for execution: The contract must be executed within six months, meaning completion is expected by August 2025.
• No related party transactions: The company has clarified that the awarded order does not fall within related party transactions, ensuring transparency and adherence to SEBI regulations. Additionally, the promoter group and group companies have no interest in Millennium Park Holdings Pvt. Ltd.

This order represents a major step forward for Vrundavan Plantation Limited as it strengthens its domestic market position and contributes to the growth of its business. It also reflects the company's robust standing in the landscaping and plantation sector, with its ability to secure high-value contracts from well-established entities like Millennium Park Holdings Pvt. Ltd.

Future Outlook for Vrundavan Plantation Limited:

With this contract, Vrundavan Plantation Limited is poised to continue expanding its reach in the domestic market. The company's commitment to delivering quality services in landscaping and plantation could open doors for future opportunities in this sector. As the project progresses, it will be interesting to see how the company manages the execution of such a large-scale order within the stipulated time frame.

For investors and stakeholders, this announcement brings forth a sense of optimism about the company’s ability to secure and execute large contracts successfully. It also highlights the company's focus on maintaining strong governance and transparency as required under SEBI's listing regulations.

The Upcoming IPOs in this week and coming weeks are  Readymix Construction, Solarium Green, Eleganz Interiors, PS Raj Steels, Chandan Healthcare, Ajax Engineering.

The Current active IPO are Ken Enterprises, Amwill Healthcare,Chamunda Electricals.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.