1. At a Glance (50 words)
Felix Industries just bagged a ₹140 Cr BOOT-model mega water project from Hocco Industries. They’re not just building a ZLD-WTP-STP combo—oh no—they’re also sticking around for a full 10 years to maintain it like a clingy but responsible ex. Monthly income? Nearly ₹91 lakh. 💸

2. Intro – Why This Matters
This isn’t just some routine pipeline gig. It’s like Netflix signing a decade-long deal with a director for one show—but the director also has to do lighting, editing, catering, and make sure the actors drink green juice.

Felix Industries has secured a Zero Liquid Discharge (ZLD) + Water Treatment Plant (WTP) + Sewage Treatment Plant (STP) project from Hocco Industries worth ₹140.08 Cr over 10 years. But here’s the kicker: it’s on a BOOT model, meaning Felix builds, owns, operates, and eventually transfers the whole setup.

And yes, they get paid monthly. Who said engineering can’t be an EMI business?

3. Deep Dive – What’s the Deal?
Let’s break this down like a SEBI inspector with a caffeine addiction.

Client: Hocco Industries Pvt Ltd
Scope:

• 1500 KLD ZLD System
• 1500 KLD Water Treatment Plant
• 120 KLD Sewage Treatment Plant
• 10 Years of Operation & Maintenance

Execution Model: BOOT
Translation: Build it. Own it. Operate it. Babysit it. Then give it away.

Project Cost:

• Total: ₹12.51 Cr
• Felix’s share: ₹10 Cr (80%)
• Hocco’s upfront payment: ₹2.5 Cr (20%)

Revenue:

• Monthly EMI (capital recovery): ₹14.96 L
• Assured O&M Income (monthly avg): ₹6.25 L
• Total Monthly Revenue: ₹90.95 L
• Tenure: 10 years = Stability that most relationships lack

So essentially, Felix builds and operates the plant and gets paid like a landlord renting out a smart toilet.

4. Strategic Impact – What Changes Now?
This is a long-duration annuity-style contract, which investors and analysts love more than a pre-budget stock rally.

• Recurring Revenue? Check.
• Margin Visibility? Better than your iPhone’s OLED display.
• Technical Control? Retained by Felix.
• Client Dependency Risk? Meh, it’s a BOOT. The client can’t just ghost them.

Also, let’s be honest—this deal makes Felix look more like a utility service provider and less like a one-off EPC job shop.

5. Risks & What to Watch
Of course, it’s not all rainbows and recycled sewage:

• Execution Risk: Any delays = Cash flow hiccups
• Debt Load: Felix is funding ₹10 Cr upfront. Let’s hope they’ve not maxed out their credit cards.
• Collection Risk: 120 EMIs = 120 chances to default
• Client Stickiness: O&M terms are fixed, but performance slippages could trigger penalties
• Tech Control ≠ Billing Control: You can’t invoice when clients play ghost (again).

So yes, it’s a 10-year deal, but only if Hocco doesn’t become “Hocche gone.”

6. Edu Take™ – Final POV
Felix isn’t just building a plant. They’re getting into a 10-year relationship with sewage. For a total revenue of ₹140 Cr, they’ll build, maintain, monitor, and presumably cuddle this plant till 2035.

This deal is the corporate version of:
“Hey, I’ll build you a house, pay for it, live in it, and then one day, I’ll give it back. Just pay me rent monthly. Cool?”

No equity dilution, no promoter hanky-panky, and no related party drama. Just pure-play industrial romance.

Verdict:
Not a multibagger, but definitely a salaried job with PF, ESI, and recurring income. A solid BOOT-strap move from Felix.

🧩 Bonus Box: BOOT Model, Explained in 1 Line
“Felix owns it, runs it, fixes it, and eventually gives it away—like your dad’s old scooter.”

📊 Deal Snapshot Table

📌 Written by EduInvesting Team | 25 July 2025
Tags: Felix Industries, BOOT Contract, ₹140 Cr Order, Edu Style Article, SEBI Regulation 30, EduInvesting Premium