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Pratham EPC Projects Secures Landmark Contract: A Game-Changer for the SME

This article delves into Pratham EPC Projects Ltd’s recent contract win, its business model, and the implications of this development on the company’s growth trajectory.

Pratham EPC Projects Limited, newly listed on the SME board, has achieved a significant milestone in its journey. Initially projected at Rs. 400 Crores, the company’s work order portfolio has exceeded expectations with the recent award of a contract worth Rs. 497 Crores from M/s. Sun Petro Chemicals Private Ltd on April 12, 2024. This remarkable achievement is particularly noteworthy considering Pratham EPC’s market capitalization of just Rs. 242 crore, indicating a contract size that is double the company’s market value. The contract entails the installation of onshore/offshore crude oil pipelines in the Gulf of Khambhat and other fields of Gujarat, to be executed over a period of 36 months.

Established in 2008, Pratham EPC Projects Ltd has emerged as a reputable player in the EPC domain, delivering projects across diverse sectors including irrigation, power, industrial, water, environment, and oil & gas pipelines. The company’s commitment to quality, timely delivery, and value engineering has garnered the trust of both public and private sector clients.

Business Model

Pratham EPC’s business model revolves around delivering value-added construction services to its clients through a collaborative approach. The company offers a comprehensive range of project solutions, including project engineering, procurement, construction, commissioning, and maintenance services. With a focus on leveraging new technologies and multidisciplinary competencies, Pratham EPC ensures adherence to scheduled timelines and specified quality parameters across all projects.

Oil & Gas Services: Strengthening Pipeline Infrastructure

Pratham EPC’s expertise in the oil & gas sector extends to project services encompassing pipeline construction, CNG stations, and more. With extensive resources and state-of-the-art technologies, the company excels in delivering projects on schedule, within budget, and with a strong emphasis on safety and quality. The recent contract win for installing onshore/offshore crude oil pipelines in Gujarat further solidifies Pratham EPC’s position as a key player in the sector.

Water Project Services: Driving Innovation in Civil Engineering

In addition to oil & gas, Pratham EPC offers a range of water project services, including underground utilities, construction of reservoirs, water treatment plants, and earthworks. The company’s practical civil engineering expertise enables it to provide tailored solutions that meet the complex requirements of water infrastructure projects. By leveraging modern equipment and experienced engineers, Pratham EPC ensures efficient project execution while prioritizing safety and quality.

Today, Shares of Pratham EPC Projects Ltd are closed at Rs 136.25, locking into an upper circuit for the day, up of 20% compared to yesterday’s closing value of Rs 113.55.

Conclusion: A Promising Future Ahead

The recent contract win by Pratham EPC Projects Ltd marks a significant milestone in its journey towards growth and success. With a strong foundation built on ethics, quality, and timely delivery, the company is well-positioned to capitalize on emerging opportunities in the EPC sector. As it continues to expand its footprint across various industries, Pratham EPC remains committed to exceeding customer expectations and driving value for its stakeholders.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.