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Shares of Vishnusurya Projects & Infra surged over 16% on Thursday after the firm bagged a ₹2,217 crore contract in Tamil Nadu to build a seawater desalination plant.
What’s happening: the facility will treat 60 million litres of seawater every day.
The deets: the stock went wild on the news, trading volumes jumped to 74 times its usual average. But here’s the catch. The share is still down 23% this year, showing how volatile it’s been. Vishnusurya usually works on mining and EPC projects like water, transport, and rail, and it’s been slowly beefing up its order book. Just last month, it won a ₹103 crore water project in Chennai.
Zoom out: desalination is gaining traction in water-stressed states like Tamil Nadu, which already hosts multiple large plants to meet rising industrial and urban demand. For mid-sized infra firms like Vishnusurya, such marquee projects boost visibility and credibility in a competitive EPC market.
