SRM Contractors Secures Rs 278 Cr Nashri-Chenani Upgrade Contract
SRM Contractors secures a Rs 278.48 crore NHAI contract to upgrade Nashri-Chenani section of NH-244 in Jammu & Kashmir under EPC mode, scheduled for completion within 24 months.
by Damodharan N
Updated Jul 15, 2024
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SRM Contractors Limited has announced securing a significant contract from the National Highway Authority of India (NHAI). The contract, valued at Rs 278.48 crore, involves the upgradation and strengthening of the Nashri-Chenani section of NH-244 via Patnitop in the Union Territory of Jammu and Kashmir. Under the EPC mode, the project is slated to be completed within 24 months.
The company also announced trading window for dealing in securities has been closed in accordance with regulatory requirements until 48 hours after the declaration of its financial results for the quarter ending June 30, 2024.
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Patintop Travel & Tourism
Patnitop, nestled at an altitude of 2024 meters, stands as one of Jammu's premier hill resorts, offering a serene retreat amidst the Middle Himalayas and Shivaliks. Situated 87 kilometers from Katra along the Jammu-Srinagar highway, it boasts picturesque meadows surrounded by dense Deodar and Kail forests.
Visitors to Patnitop can enjoy peaceful walks through pine groves, picturesque picnics spots, and breathtaking views of the Chenab basin and Pir Panjal range. In winter, the snow-covered slopes offer opportunities for snow games and amateur skiing.
Nearby attractions include Nag Mandir and the scenic drive to Batote, known for its apple orchards and Amar Cheshma springs. Patnitop provides various accommodation options including hotels, guesthouses, and luxury cottages amidst pine trees, ensuring a memorable stay in nature's lap.
The completion of the road upgradation of the product will be a big boost to this region as more tourists reach this place and economic activity will flourish in this region of Jammu.
SRM Contractors
SRM Contractors Limited, established in September 2008, specializes in engineering construction and development across the challenging terrains of Jammu & Kashmir and Ladakh. The company focuses on road construction, including bridges and tunnels, as well as slope stabilization and various civil construction projects.
They operate as EPC contractors, handling projects from detailed engineering to execution and maintenance, leveraging a large fleet of equipment and skilled manpower. SRM Contractors has a proven track record in executing infrastructure projects, from smaller road widenings to major national highway realignments, demonstrating expertise and capability in difficult terrains through successful project delivery and strategic joint ventures with industry partners.
SRM Contractors Secures Rs 278 Cr Nashri-Chenani Upgrade Contract - FAQs
1. What contract did SRM Contractors secure recently?
SRM Contractors secured a Rs 278.48 crore contract from NHAI to upgrade the Nashri-Chenani section of NH-244 in Jammu & Kashmir.
2. What does the contract involve?
The contract involves the upgradation and strengthening of the Nashri-Chenani section of NH-244 via Patnitop under the EPC mode.
3. How long is the project expected to take?
The project is scheduled to be completed within 24 months.
4. Why is the Nashri-Chenani upgrade significant?
It aims to improve connectivity and infrastructure in Jammu & Kashmir, enhancing travel efficiency and safety.
5. What impact could the project have on tourism in Patnitop?
The improved road infrastructure is expected to boost tourism in Patnitop by facilitating easier access and enhancing visitor experiences.
6. What are the attractions near Patnitop?
Attractions near Patnitop include Nag Mandir, Batote's apple orchards, and Amar Cheshma springs, offering scenic beauty and cultural richness.
7. What accommodation options are available in Patnitop?
Patnitop offers various accommodation options such as hotels, guesthouses, and luxury cottages amidst pine forests.
8. What activities can tourists enjoy in Patnitop?
Tourists can enjoy peaceful walks, picnics, and snow games in winter, including amateur skiing on the snow-covered slopes.
9. How does SRM Contractors contribute to infrastructure development?
SRM Contractors specializes in road, bridge, tunnel construction, and slope stabilization, crucial for developing infrastructure in challenging terrains.
10. Why is the Nashri-Chenani project significant for economic activity?
The Completion of the Nashri-ChenaniUpgradtion section is expected to stimulate economic activity in the region by improving connectivity and attracting more tourists to Patnitop.
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