Road construction company bags order worth Rs 86.54 crore from Superintending Engineer Highways Construction & Maintenance
The stock gave multibagger returns of 216 per cent from its 52-week low of Rs 63 per share.
AVP Infracon Limited has secured a significant infrastructure project, receiving a Letter of Acceptance (LOA) from the Superintending Engineer Highways Construction and Maintenance, Tiruvannamalai Circle. This project, valued at approximately Rs 86.54 crore, involves widening a section of the Thirukoilur-Asanur road (SH-137) in Tamil Nadu from two lanes to four lanes. The scope of work includes junction improvements, culvert and bridge widening/reconstruction/construction, center median construction, drain and retaining wall construction, and paver block installation. The project, awarded by a domestic entity, is slated for completion within 18 months.
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About AVP Infracon Limited
AVP Infracon Limited, a prominent infrastructure development company established in 2009, has been instrumental in shaping India's infrastructure landscape. With a strong focus on key areas like roads, bridges, irrigation projects, and urban development, AVP has successfully completed numerous projects across the country. The company's commitment to quality, safety, and timely delivery has earned it a reputation as a reliable and efficient partner for both government and private sector clients. AVP's in-house capabilities enable it to manage projects end-to-end, ensuring seamless execution and adherence to stringent standards.
The company maintains a substantial order book valued at over Rs 250 crore. The stock’s 52-week high is Rs 264.30 per share and its 52-week low is Rs 63 per share. The stock gave multibagger returns of 216 per cent from its 52-week low of Rs 63 per share.
Disclaimer: The article is for informational purposes only and not investment advice.