Mgmt walking the talk on infra vertical - reported first win from surat smart city - Heritage cell.
Here is the RFP for curious souls
https://www.suratsmartcity.com/Documents/Tenders/CEO_SSCDL_HeritageCell_LSS_012021.zip
Win announcement - The scope of the project encompasses both the design, supply, erection and testing work worth ₹11.96crore and an additional annual maintenance and operation contract worth ₹1.54 crore for six years. Further, this is the first government project grabbed by the Company and it will bring more opportunities in the government sector in upcoming years.
work is quite interesting and clearly something every city/heritage site needs(hence scalable), payment milestone and terms seem fair per RFP. Another interesting aspect is qualification terms used in Tender kind of explains why Focus might have a right to win for similar deals given their capabilities+ experience+ scale.
Payment milestones - appears tail end money r not big so minimizes the risk typical to infra projects
D - Invested