Throughout Monday’s buying and selling session, the shares of one of many main infrastructure growth firm in India surged 6 p.c on NSE, after securing an infrastructure challenge value greater than Rs. 16 crores in Tamil Nadu.
With a market cap of Rs. 424.4 crores, at 11:55 a.m., the shares of AVP Infracon Restricted had been buying and selling within the inexperienced at Rs. 169.9 on NSE, up by practically 5 p.c, as in comparison with its earlier closing value of Rs. 161.5.
AVP Infracon Restricted has secured a Letter of Acceptance (LOA) from the Superintending Engineer Highways NABARD & Rural Roads Circle, Salem, for the development of a Street Over Bridge between the Singanallur and Peelamedu railway stations. The contract is valued at ~Rs. 16.23 crores and is scheduled for completion inside 18 months.
Earlier Orders
18th March: AVP Infracon acquired an LOA from Arun Kumar, AM Grand Associates at Suriyur, Trichy, for the development of a chilly storage facility and warehouse on a turnkey foundation. The order worth stood at Rs. 21 crores, with supply completion of 10 months.
AVP Infracon Restricted focuses its operations on pivotal initiatives corresponding to roads, bridges, irrigation and canal initiatives, flyovers, and industrial infrastructures. It specialises in segments together with expressways, nationwide highways, state highways, flyovers, bridges, viaducts, irrigation initiatives, city growth – civic facilities, and business initiatives.
AVP Infracon reported a major development in income from operations, experiencing a year-on-year rise of practically 96 p.c, from Rs. 94 crores in H2 FY24 to Rs. 184 crores in H2 FY25. Equally, its web revenue elevated throughout the identical interval from Rs. 11 crores to Rs. 20 crores, representing an increase of practically 82 p.c YoY. As of H2 FY25, the order ebook of AVP Infracon stood at over Rs. 400 crores.
Written by Shivani Singh
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