Vrundavan Plantation in green after securing 2 work orders from Tata Group

During Friday’s trading session, the shares of a company engaged in the sale of plants (like a nursery), providing garden, landscape, roof‐top gardening and avenue plantation, after the company announced securing two work orders from The Tata Power Company Limited.

Price Movement

With a market capitalisation of Rs. 31 crores, the shares of Vrundavan Plantation Limited opened in the green at Rs. 59.15 on BSE, up by nearly 2 percent, as against its previous closing price of Rs. 58.

The stock delivered positive returns of nearly 2 percent in one year, while around 3.4 percent of negative returns in the last one month.

The company got listed on the Bombay Stock Exchange (BSE) on 6th November 2023.

What’s the News

According to the latest regulatory filings with the BSE, Vrundavan Plantation Limited has announced securing two work orders from The Tata Power Company Limited, with completion scheduled over the next two years.

The first order, valued at around Rs. 1.05 crores, involves tree plantation services (24,000 trees) at the Ash Pond of Tata Power’s Mundra Thermal Power Station, along with their maintenance.

The second contract, worth nearly Rs. 77.6 lakhs, covers the Annual Maintenance Contract (AMC) services for horticultural works at the Mundra Thermal Power Station.

Also read: BofA Stays Bearish on Small & Midcap Stocks; Should You Hold?

Previous Order

5th February 2025: The company received an order worth around Rs. 1.8 crores from Millennium Park Holdings Pvt. Ltd. for the supply of Korean Carpet Lawn, semi-carpet lawn planting, and mixed forest tree supply and planting.

Financials

Vrundavan Plantation experienced significant growth in its revenue from operations, showing a year-on-year rise of 78 percent from Rs. 7.3 crores in H1 FY24 to Rs. 13 crores in H1 FY25. 

Similarly, its net profit increased during the same period from Rs. 1 crore to Rs. 1.21 crore, indicating an impressive growth of around 21 percent YoY.

About the Company 

Incorporated in 2022, Vrundavan Plantation Limited is engaged in the business of the sale of plants (like nurseries), and provides gardens, landscape, roof‐top gardening and avenue plantations with a vision to preserve and protect the environment in this deforestation and shrinking green spaces era.

Written by Shivani Singh

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Vrundavan Plantation in green after securing 2 work orders from Tata Group appeared first on Trade Brains.