The shares of an Indian Construction company involved business of construction, laying, and commissioning contracts in various infrastructure projects like irrigation and water supply, etc, are in focus after the company bags orders worth Rs 17.38 Cr from the Government of Madhya Pradesh
The shares of V.L. Infraprojects Ltd, with a market capitalization of Rs. 72.28 crores on Thursday. Its shares are trading at a CMP of Rs 46.00, against the previous closing price of Rs 45.60.
The News
V.L. Infraprojects Ltd has announced a new income project by securing an order worth Rs ~17.38 Crores from the Nagar Palika Parishad, Sendhwa under the Government of Madhya Pradesh, for providing augmentation of the Water Supply System of Sendhwa, and the project is scheduled to begin, with completion targeted within 24 Months from the issuance of the Letter of Intent (LOI).This order adds on to the existing orderbook of the company, showing the commitment of company to undertake large-scale government projects.
VL Infraprojects Ltd, The Company is engaged in executing water supply and sewerage infrastructure projects mainly involving procurement of pipes and their laying, joining, and commissioning with backward integration including all allied civil engineering works like construction of civil work, pumping stations and installation of electromechanical equipment’s (pumping machinery) for distribution of water supply from the river to household. It also provide operations & maintenance services for water distribution pipelines
The Company began operations focusing on water pipeline projects in Gujarat. Since then, it expanded services to encompass all aspects of road construction, irrigation, water infrastructure, and environmental projects in the States of Madhya Pradesh, Telangana, Maharashtra, and Gujarat.
The company’s Revenues grew by 32.69 percent from Rs 52 crores in H1FY25 to Rs 69 crores in H2FY25, whereas the net profits of the company decreased by 25 percent from Rs 4 crores in H1FY25 to Rs 3 crores in H2FY25 The company’s ROCE stands at 26.6 percent, and its ROE stands at 24.1 percent and the company also has a good debt to equity ratio of 0.49
Written By Likesh Babu S
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