Rs 300 Crore Order Book: Infrastructure Development Company Bags Sub-Contract Worth Rs 33.19 Crore For Project Commissioned By NHAI
The stock gave multibagger returns of 178 per cent from its 52-week low of Rs 63 per share.
AVP Infracon Limited, a prominent infrastructure development company, has secured a substantial Rs 33.19 crore sub-contract from CDR & Co Constructions for the Periodic Renewal and Strengthening of the Thanjavur to Trichy section on NH-67 in Tamil Nadu. This project, commissioned by the National Highways Authority of India (NHAI), will be executed on an Item Rate Basis with a one-year completion timeline. This significant achievement reinforces AVP Infracon Limited's commitment to delivering exceptional infrastructure solutions and aligns the company with India's ambitious infrastructure development goals.
Earlier, AVP Infracon Limited has secured a substantial contract worth Rs 16.72 crore from the District Rural Development Agency (DRDA), Kallakurichi. The contract entails the supply and delivery of 8mm and 10mm steel rods for the financial year 2024-2025. This significant win further solidifies AVP Infracon's position as a leading infrastructure development company in India, enabling them to contribute to the growth and development of Kallakurichi district.
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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 300 crore. The stock’s 52-week high is Rs 192 and its 52-week low is Rs 63. The stock gave multibagger returns of 178 per cent from its 52-week low of Rs 63 per share.
Disclaimer: The article is for informational purposes only and not investment advice.