SRM Contractors Limited announced that they have been awarded a new project by the NHAI.

"We have received the Letter of Acceptance (LOA) for a 5-year PBMC project valued at Rs171,23,78,001. The company has a market cap of over Rs 600 crore with an ROE of 28 per cent and an ROCE of 28 per cent," the company said.

Earlier, SRM Contractors Limited secured two significant projects from the National Highway Authority of India (NHAI). The first, valued at Rs 100.45 crore, involves constructing slope protection along a 39.139 km stretch of NH55 in Himachal Pradesh under the EPC model, with an 18-month completion timeline.

The second, a larger EPC project worth Rs 278.48 crore, entails upgrading and strengthening a 39.1 km section of NH-244 in Jammu and Kashmir, expected to be finished within 24 months. These consecutive wins underscore SRM Contractors' growing prominence in the road construction sector