750 per cent returns: This multibagger civil construction company bags new work orders worth Rs 680 crores!

Shares of the company have jumped more than 50 per cent in the last one year.

Man Infraconstruction Limited has bagged an order for pavement work on the reclaimed earth and has received a Letter of Acceptance {LoA) for Rs 680 Crores from Bharat Mumbai Container Terminal Private Limited {BMCTPL). The order involves the execution of Phase 2 Infrastructure Works at the fourth container terminal of JNPT within a time frame of 2.5 years.

BMCTPL is a subsidiary of PSA International, a leading Global Port Group headquartered in Singapore. PSA is working with JNPT to develop this Fourth Container Terminal to cater to the increasing demands for container handling capacity and facilitate maritime trade in the Country.

Maninfra is an integrated EPC (Engineering, Procurement, and Construction) company with nearly six decades of experience and execution capabilities in Port, Residential, Commercial & Industrial, and Road construction segments with projects spanning across India. As a Real Estate Developer, Maninfra Group has delivered 14 residential projects in Mumbai and is recognized for its superior quality construction and timely project Delivery.

Man Infraconstruction Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 13.47 on June 26, 2020, to Rs 115.70 on June 23, 2023, an increase of about 759 per cent in the last three years’ holding period. And investors should keep a close eye on this stock.