OM Infra's joint venture MCC-Om has secured a significant contract worth ₹32.18 crore from the Vidarbha Irrigation Development Corporation (VIDC), Nagpur, for key irrigation infrastructure works under the Gosikhurd Project. According to reports from Business Standard, the work order has been issued by the Office of the Executive Engineer, Ghodazari Canal Division, Nagbhid. The contract encompasses the construction of a lift irrigation scheme (LIS) designed to feed the Ghodazari Tank from RD 17213 m of the Ghodazari Branch Canal. The project has now completed all formal contractual steps, as reported by TipRanks, ensuring smooth execution and compliance with regulatory requirements.
The project must be executed within a 12-month period from the date of issuance, as reported by Business Standard. This timeline reflects the urgency and importance of the irrigation infrastructure development under the Gosikhurd Project in Maharashtra. The contract represents a substantial addition to OM Infra's project portfolio in the water management sector, with the tight execution window suggesting rapid revenue conversion and improved near-term cash flow cycle. The project underscores the company's commitment to stringent safety, environmental clearances, and labour welfare compliance, reinforcing its position in regional water management and sustainable development initiatives.
OM Infra shares rose 1.34% to ₹79.69 following the contract announcement, according to Business Standard. The positive market response reflects investor confidence in the company's ability to secure and execute infrastructure projects. The stock movement demonstrates the market's recognition of the contract's financial impact and strategic importance for the company's growth prospects.
OM Infra reported a consolidated net profit of ₹11.45 crore in the quarter ended June 2026, compared to a net loss of ₹0.98 crore during the previous quarter ended June 2025, as reported by Business Standard. Revenue increased 19.20% to ₹124.37 crore in Q1 FY27 over Q1 FY26. The company specializes in engineering, procurement, and construction (EPC) projects for water management, engineering, and construction sectors. OM Infra's outstanding order book stood at ₹2,014.91 crore as of June 30, 2026, with the new ₹32.18 crore lift irrigation project expanding this total.
The contract win builds on OM Infra's strong financial turnaround and recent order book expansion. In July 2026, the company emerged as the lowest bidder (L1) for two major water projects in Chhattisgarh (Mohmela Sirpur Barrage, ₹568.98 crore) and Rajasthan (Andheri Medium Irrigation, ₹482.27 crore) with an aggregate value of approximately ₹1,051.25 crore. Additionally, on August 18, 2026, OM Infra won a ₹29.01 crore water supply supplementary order from Uttar Pradesh Jal Nigam (Rural) for District Unnao. The company's successful transition from bid pipelines to active project execution validates its turnaround narrative and supports its target of ₹1,500 crore order inflows for FY27.
