SRM Contractors Breaks Silence: Zero Kashmir Exposure, Zero Business Impact

Image Source: IPO Mentor

SRM Contractors Ltd has given assurances to investors and stakeholders that currently, it has no active infrastructure projects in the Kashmir sector, and recent tensions have not had any negative effect on its business operations or financial prospects.

Major Highlights:

No Active Kashmir Projects: Even as a top-notch infrastructure player in Jammu & Kashmir and Ladakh, SRM Contractors affirmed it has no projects underway currently in the Kashmir region. The firm's order book is currently targeting other areas of Jammu, Ladakh, and other states outside the region, including recent contract victories in Gujarat and Himachal Pradesh.
Business Not Affected by Tensions: Management has explained that the recent geopolitical events and security issues in Kashmir have not affected business continuity, project implementation, or financial performance. All current and future projects are on track, with no interruptions reported.
Strong Order Book & Diversification: SRM Contractors is further strengthening its presence with new project wins, including a Rs 278.48 crore highway upgradation project in Jammu and a Rs 118.53 crore slope stabilization project in Himachal Pradesh. The strong and geographically diversified order book of the company is now over Rs 1,200 crore.
Technical Expertise in Hostile Terrain: The firm's experience in completing complex projects in hostile terrains has made it a go-to EPC contractor for roads, tunnels, and bridges, though its immediate focus is beyond the Kashmir valley.
Investor Sentiment Unscathed: Having no direct exposure to the Kashmir valley, SRM Contractors' stock continues to be robust, demonstrating faith in its risk management and project pipeline.