Man Infra bags order worth Rs402 crore from BMCTPL

18 Apr 2022 , 01:21 PM

Man Infraconstruction Limited informed that it has received one more Letter of Acceptance (LoA) from Bharat Mumbai Container Terminal Private Limited (BMCTPL).  This LoA is for the execution of Phase II works at JNPT, Navi Mumbai, Maharashtra being “Reclamation- Construction Works” for Rs402 crore.

Bharat Mumbai Container Terminals Private Limited is a subsidiary of PSA International, a leading global port group headquartered in Singapore. PSA and JNPT are working together to develop this Fourth Container Terminal which will fulfill the increasing demands for container handling capacity and facilitate maritime trade in the Country.

Commenting on this development, Mr. Manan Parag Shah, Managing Director of Man Infraconstruction Limited said, “In addition to LoA received on April 13, 2022, we are once again delighted to get this prestigious Letter of Acceptance (LoA). We continue to be one of the leading service providers of Port Infrastructure. Our expertise and technical capabilities, coupled with efficient project management skills and timely completion of landmark projects have immensely added to our credibility and have resulted in repeat orders from clients.”

Man Infraconstruction is currently trading at Rs117.55 down by Rs1.4 or 1.18% from its previous closing of Rs118.95 on the BSE. Its scrip has touched intraday high and low of Rs121.95 and Rs116.40 respectively.