During Wednesday’s trading session, the shares of a company in the business of infrastructure development and solar power generation moved up by around 13.2 percent on BSE, after securing an order worth Rs. 323.8 crores from the National Highways Authority of India (NHAI).
Price Movement:
With a market capitalisation of Rs. 338.3 crores, at 02:09 p.m., the shares of Madhav Infra Projects Limited were trading in the green at Rs. 12.55, up by 7.2 percent, as against its previous closing price of Rs. 11.71.
The stock has delivered positive returns of more than 26 percent in the last one year, as well as gained around 12 percent in the last one month.
What’s the News:
According to the latest regulatory filings with the BSE, Madhav Infra Projects Limited has received a letter of acceptance from the National Highways Authority of India (NHAI). The accepted bid price for the project stands at Rs. 323.82 crores, with a scheduled execution timeline of 730 days.
The project involves the four-laning of the NH-146 section from Rahatgarh (Design Chainage Km. 124+470) to Berkhedi (Design Chainage Km. 134+549) in Madhya Pradesh. This will be undertaken under the Hybrid Annuity Mode (HAM) as part of the NH(O) initiative, covering a project length of 10.079 km.
Previous Updates:
13th December 2024: Madhav Infra Projects Limited received a letter of acceptance for a project worth around Rs. 264.4 crores from the Office of Deputy Chief Engineer, Construction Western Railway, at M.G. Railway Station, Indore.
This railway project includes earthwork and blanketing, construction of bridge work, retaining/boundary/toe walls, supply and spreading of machine-crushed stone ballast, laying and linking of broad-gauge (BG) track, loop lines, and points & crossings.
It also includes transportation of P.Way materials, welding of rails, and other associated miscellaneous works between the Amjhera (excluding) and Sardarpur (including) section, spanning 18.46 km. The project forms part of the new BG line development between Dahod and Indore under the Ratlam Division of Western Railway.
24th February 2025: The company received certification from the Chief Electrical Commissioner confirming the successful partial commissioning of a 12.5 MW segment (out of the total 35 MWp capacity) of a solar power project in Gujarat for the Gujarat State Electricity Corporation Limited (GSECL).
This partial commissioning of 12.5 MW marked a significant milestone, enabling the company to fully commission the entire plant capacity of 35 MW.
Financial Performance:
Madhav Infra reported a significant increase in revenue from operations, experiencing a year-on-year growth of nearly 68 percent, rising from Rs. 87.8 crores in Q3 FY24 to Rs. 147.3 crores in Q3 FY25.
Despite the revenue surge, the company shifted from a net profit of Rs. 4.6 crores to a net loss of Rs. 2.5 crores during the same period.
About the Company:
Madhav Infra Projects Limited is engaged in the business of development, construction, as well as operation & maintenance of Infrastructure Projects. The company also engaged in the business of Power Generation, i.e. solar & Hydro.
Written by Shivani Singh
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