Man Infra bags order worth Rs 680 crore; stock hits fresh high

23 Jun 2023 , 12:38 PM

Man Infraconstruction Limited announced that the company has received a Letter of Acceptance (LoA) for Rs 680 crore pavement work on the reclaimed earth.

Following this development, the company’s counter hit a new 52-week high of Rs 119.15 on NSE.

At around 12.33 PM, Man Infraconstruction was trading at Rs 116, up by 0.086% against the previous close of Rs 115.90.

The order has been received from Bharat Mumbai Container Terminal Private Limited {BMCTPL) for the execution of Phase 2 Infrastructure Works at the Fourth Container Terminal of JNPT.

The contract is to be completed within a period of 2.5 years.

PSA International, a leading Global Port Group headquartered in Singapore, owns BMCTPL. PSA is collaborating with JNPT to build the Fourth Container Terminal in order to meet the growing demand for container handling capacity and facilitate maritime trade in the country.

Manan P. Shah, Managing Director, commented on this development, saying, ‘This achievement has significantly strengthened BMCTPL’s confidence in our company’s exceptional work quality and capability. Our dedication to excellence and exceeding expectations has been recognized, paving the way for this new opportunity.”

Maninfra Group has delivered 14 residential projects in Mumbai and is known for its superior quality construction and on-time project delivery. The Company has extensive experience in construction management, as well as the necessary skills and resources to develop and deliver real estate projects.

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