Vishnusurya Projects Stock Jumps Over 16% After Winning ₹2,217 Crore Desalination Project

Chennai, August 28, 2025 – Vishnusurya Projects and Infra Limited (NSE: VISHNUINFR) surged 16.43%, reaching an intraday high of ₹195.20 so far in Thursday’s early trade. The exceptional increase in the company’s stock came after the company announced that it had secured a major contract from the State Industries Promotion Corporation of Tamil Nadu (SIPCOT).

Vishnusurya Projects and Infra Limited, headquartered in Chennai, Tamil Nadu, operates in the civil construction and infrastructure development sector. The company undertakes projects across water management, infrastructure building, and allied construction services. Since its listing on the NSE SME platform in October 2023, it has been expanding its footprint, contributing to essential infrastructure growth and strengthening its presence in India’s fast-developing construction industry.

Market Snapshot of the Share

AS of August 28, 2025, 12:25 PM, shares of Vishnusurya Projects and Infra Limited were trading at ₹178.00, higher by 6.17% from the previous close of ₹167.65. The stock opened in green today, reached a high of ₹195.20, and then slipped to a low of ₹177.00 so far. The VWAP stands at ₹184.89, with volumes crossing 1.27 lakh shares.

Key Trigger: Contract Win

The significant rise in the company’s stock comes from its newest deal. The company, along with consortium partners JWIL Infra Ltd and IDE Technologies India Pvt Ltd, have bagged the contract for the development of a 60 MLD seawater desalination plant at Mullakadu, Tuticorin district, Tamil Nadu. The ₹2,217 crore (inclusive of all taxes and charges) project is under the Hybrid Annuity Model (PPP basis). The timelines for the project are set at 6 months conditions precedent + 30 months construction. Once the construction is completed, the company will also perform Operation & maintenance for 15 years as per the transfer agreement.

Outlook and Investor Takeaway

The project win by Vishnusurya Project had a positive response from the investors as the stock of the company rose in double digits. The win has reinforced the company’s execution capability in high-value infrastructure contracts. As the shares continue to rally, there might be some near-term volatility; however, the project provides long-term revenue visibility and strengthens the company. During the period, investors should track execution progress and operational milestones closely.

REF: https://nsearchives.nseindia.com/corporate/VISHNUSURYA_28082025085832_NSEDOCUMENT.pdf

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