Union Minister Nitin Gadkari announced nine new road projects worth Rs. 30,000 crore for Rajasthan, totaling 800 km of road construction. These include the Rs 6,500 crore Northern Jaipur Ring Road and the Rs 6,800 crore Kotputli-Agra Expressway. Gadkari urged the Chief Minister to allocate 40 percent of developed land near the North Jaipur bypass to farmers, boosting their finances. Some Indian stocks might benefit from these initiatives.
Listed below are some of the stocks that might benefit from the Gadkari announcement of nine road projects worth Rs 30,000 crore for Rajasthan
H.G Infra Engineering
H.G. Infra Engineering Limited (HGIEL) is a prominent Indian infrastructure development company established in 2003, specializing in Engineering, Procurement, and Construction (EPC) services. The business model emphasizes turnkey projects and the Hybrid Annuity Model (HAM), focuses on roads, highways, railways, and metro systems across India.
With a market capitalization of Rs. 9,882 Crores, the shares of H.G. Infra Engineering Limited were trading at Rs. 1,516.30 per equity share, up 3.2 percent from its previous day’s close price of Rs. 1,469.20.
Its Revenue from operations declined by 5.54 percent from Rs. 955 Crores in Q2FY24 to Rs. 902 Crores in Q2FY25, accompanied by profits of Rs. 96 Crores to Rs. 81 Crores.
Larsen & Toubro
Larsen & Toubro Limited (L&T) is a leading Indian multinational conglomerate with a focus on engineering, procurement, and construction (EPC) services. The company operates across diverse sectors, including infrastructure, defense, and manufacturing, leveraging advanced technology to deliver large-scale projects globally while emphasizing sustainability and innovation.
With a market capitalization of Rs. 5,33,516 Crores, the shares of Larsen & Toubro Limited were trading at Rs. 3,880 per equity share, down 0.27 percent from its previous day’s close price of Rs. 3,890.20.
Its Revenue from operations grew by 20 percent from Rs. 51,024 Crores in Q2FY24 to Rs. 61,555 Crores in Q2FY25, accompanied by profits of Rs. 3,846 Crores to Rs. 4,099 Crores.
ITD Cementation India
ITD Cementation India Ltd is a major construction and engineering firm, established in 1931, specializing in infrastructure projects such as marine structures, mass transit systems, and power plants. Its business model focuses on EPC services, leveraging advanced technology and expertise to deliver large-scale projects efficiently across India and internationally.
With a market capitalization of Rs. 8,834 Crores, the shares of ITD Cementation India Limited were trading at Rs. 514.25 per equity share, up 0.36 percent from its previous day’s close price of Rs. 512.40
Its Revenue from operations grew by 24 percent from Rs. 1,610 Crores in Q2FY24 to Rs. 1,991 Crores in Q2FY25, accompanied by a profit of Rs. 54 Crores to Rs. 72 Crores.
IRB Infrastructure Developers
IRB Infrastructure Developers Ltd is a leading Indian infrastructure company specializing in road and highway construction through the Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) frameworks. With a portfolio of 27 projects, including highways and airport infrastructure, IRB focuses on delivering large-scale, complex infrastructure projects across India.
With a market capitalization of Rs. 35,406 Crores, the shares of IRB Infrastructure Developers Limited were trading at Rs. 58.693. per equity share, down 0.73 percent from its previous day’s close price of Rs. 59.06.
Its Revenue from operations declined by 9 percent from Rs. 1,745 Crores in Q2FY24 to Rs. 1,586 Crores in Q2FY25, accompanied by a profit of Rs. 96 Crores to Rs. 100 Crores.
Dilip Buildcon
Dilip Buildcon Ltd is a prominent Indian engineering, procurement, and construction (EPC) company established in 2006. Specializing in infrastructure projects such as roads, bridges, and urban development, it operates on a Build-Operate-Transfer (BOT) model, focusing on timely project execution and innovative technology to enhance efficiency.
With a market capitalization of Rs. 7208 Crores, the shares of Dilip Buildcon Limited were trading at Rs. 492.95 per equity share, down 0.20 percent from its previous day’s close price of Rs.493.95.
Its Revenue from operations declined by 13.61 percent from Rs. 2,849 Crores in Q2FY24 to Rs. 2,461 Crores in Q2FY25, accompanied by a profit of Rs. 73 Crores to Rs. 266 Crores.
Written by Santhosh S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
