SYNOPSIS: AVP Infracon Limited secured two work orders worth nearly Rs. 21.2 crore from Reliance Mappedu Multi Modal Logistics Park Limited for road, infrastructure, and RCC drain works, both scheduled for completion within three months.
During Thursday’s trading session, the shares of one of the leading infrastructure development companies in India are in focus on the NSE, after securing two work orders worth a total of nearly Rs. 21.2 crores from Reliance Group.
At 11:42 a.m., shares of AVP Infracon Limited were trading in red at Rs. 157 on NSE, down by around 1 percent, compared to its previous closing price of Rs. 158.1, with a market cap of Rs. 392 crores.
The stock hit its 52-week high at Rs. 264.3 on 7th January 2025, and is trading at a discount of around 41 percent from its current price levels.
What’s the News:
According to the latest regulatory filings with the NSE, AVP Infracon Limited has received a Letter of Acceptance (LOA) for two work orders collectively valued at nearly Rs. 21.2 crores from Reliance Mappedu Multi Modal Logistics Park Limited.
The first order, worth Rs. 12.77 crore, pertains to road and infrastructure building works and carries a completion timeline of three months. The second order, valued at Rs. 8.41 crore, involves OSBL RCC drain works, also scheduled for completion within three months.
Incorporated in December 2022, Reliance Mappedu Multi Modal Logistics Park Limited is engaged in the business of development, operation and maintenance of the Multimodal Logistics Park Chennai. Its immediate holding company is Reliance Logistics and Warehousing Holdings Limited, and the ultimate holding company is Reliance Industries Limited.
Financials & More:
AVP Infracon reported a significant growth in revenue from operations, experiencing a year-on-year rise of nearly 96 percent, from Rs. 94 crores in H2 FY24 to Rs. 184 crores in H2 FY25.
Similarly, its net profit increased during the same period from Rs. 11 crores to Rs. 20 crores, representing a rise of nearly 82 percent YoY.
As of H1 FY26, the company reported an order book of nearly Rs. 300 crores, supported by a bid pipeline worth Rs. 1,500-2,000 crores currently under evaluation. The company has an execution visibility of 18–24 months, with a strong ramp-up expected in the second half of FY26.
During the first half of FY26, AVP Infracon recorded a robust order inflow of around Rs. 124 crores, securing five major infrastructure contracts across highways, bridges, and industrial projects.
In the same period, the company’s board approved the issuance of 20,00,000 convertible warrants at Rs. 200 each, aggregating to Rs. 40 crores. Of these, 15,00,000 warrants (75 percent) were allotted to Mr D. Prasanna, Promoter, while 5,00,000 warrants (25 percent) were issued to five non-promoter investors. This move reflects both strong promoter commitment and external investor confidence in AVP’s long-term growth strategy.
Looking ahead, AVP Infracon plans to expand its operations beyond Tamil Nadu, targeting 25-30 percent of FY26 revenue from other states, while maintaining existing profit margins through selective and disciplined bidding. The management has reiterated its commitment to sustain FY25-level profitability even as it scales operations and enters new geographies. A prudent working capital strategy, supported by timely supplier payments and cost efficiency, is expected to ensure sustainable profitability.
Launched in January 2025, the company’s solar EPC division continues to build its capabilities and is actively bidding for larger projects to establish this as a long-term growth vertical. While the current focus remains on government contracts, AVP intends to enter the private infrastructure and industrial construction segment from FY27 onwards, offering turnkey civil, steel, and road infrastructure solutions tailored for manufacturing and industrial clients.
AVP Infracon Limited focuses its operations on pivotal projects such as roads, bridges, irrigation and canal projects, flyovers, and industrial infrastructures. It specialises in segments including expressways, national highways, state highways, flyovers, bridges, viaducts, irrigation projects, urban development – civic amenities, and commercial projects.
Written by Shivani Singh
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