Synopsis:
Ganesh Infraworld secures a Rs. 708 crore, 24-month subcontract at Nigahi Mine, Singrauli, marking its entry into mining services with comprehensive O&M of heavy equipment and critical infrastructure operations.
During Tuesday’s trading session, shares of a construction company providing construction-related services jumped 4 percent on NSE, after the company forayed its EPC business into the mining operations segment by securing an order worth Rs. 708 crores in Madhya Pradesh, on a sub-contract basis.
At 11:38 a.m., the shares of Ganesh Infraworld Limited were trading in the green at Rs. 255 on NSE, up by nearly 2 percent, as against its previous closing price of Rs. 249.8, with a market cap of Rs. 1,089.4 crores.
What’s the News:
According to its latest regulatory filings with the NSE, Ganesh Infraworld Limited has expanded its EPC business into the mining operations segment by securing a landmark order for operation and maintenance of heavy mining equipment in Madhya Pradesh, on a sub-contract basis.
This marks the company’s formal entry into the mining and infrastructure services domain, underscoring its capability to manage large-scale and mission-critical operations. The contract is scheduled for execution over a period of 24 months.
Valued at Rs. 708 crore, the order covers end-to-end O&M services for a wide range of equipment, including a fleet of excavators, drills, dozers, graders, tippers, water sprinklers, pumps, and allied machinery.
Scope of work includes routine and preventive maintenance, major repairs, supply of spares and consumables, ensuring statutory compliance, and deployment of skilled manpower to deliver safe and uninterrupted operations at the Nigahi Mine in Singrauli, Madhya Pradesh.
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Financials and more:
Ganesh Infra reported a significant growth in its revenue from operations, showing a year-on-year increase of around 34 percent from Rs. 135 crores in Q1 FY25 to Rs. 181 crores in Q1 FY26.
Similarly, its net profit increased during the same period from Rs. 10 crores to Rs. 15 crores, representing a rise of about 50 percent YoY. As of Q1 FY26, the company’s order book stood at Rs. 1,185 crores, representing a growth of about 124 percent compared to Rs. 528.7 crores in Q1 FY25.
In terms of order mix, the Civil & Electrical segment accounted for 48 percent, while the Water segment contributed 42 percent, and the Road & Rail vertical 10 percent of the total order book.
Ganesh Infraworld Limited is engaged in the business of providing engineering, procurement, and construction (EPC) services in infrastructure projects such as the construction of plants & warehouses, industrial civil projects, mechanical projects, buildings & factories, road construction, residential buildings, the balance of plant and components for power projects, and water treatment projects.
Written by Shivani Singh
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