During Monday’s trading session, the shares of one of the leading infrastructure development company in India surged 6 percent on NSE, after securing an infrastructure project worth more 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 Limited were trading in the green at Rs. 169.9 on NSE, up by nearly 5 percent, as compared to its previous closing price of Rs. 161.5.
AVP Infracon Limited has secured a Letter of Acceptance (LOA) from the Superintending Engineer Highways NABARD & Rural Roads Circle, Salem, for the construction of a Road Over Bridge between the Singanallur and Peelamedu railway stations. The contract is valued at ~Rs. 16.23 crores and is scheduled for completion within 18 months.
Previous Orders
18th March: AVP Infracon received an LOA from Arun Kumar, AM Grand Associates at Suriyur, Trichy, for the construction of a cold storage facility and warehouse on a turnkey basis. The order value stood at Rs. 21 crores, with delivery completion of 10 months.
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.
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 H2 FY25, the order book of AVP Infracon stood at over Rs. 400 crores.
Written by Shivani Singh
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