Rs 4,000 crore project: This multibagger civil construction company to develop one of the largest redevelopment projects in Mumbai!

Shares of the company have jumped more than 80 per cent in the last one year.

Man Infraconstruction Limited which holds a 33.32% stake in Royal Netra Constructions Private Limited to develop one of the largest redevelopments in the western suburbs of Mumbai city. The project, which is expected to be completed in the next five years, will have a carpet area for sale of about 17 lakhs square feet and has the potential to generate revenue of Rs. 4,000 crores.

The project will be located in Goregaon West, one of Mumbai's most densely populated areas. It will involve the redevelopment of a cluster of old and dilapidated buildings, which will be replaced with a modern and high-rise complex. The complex will include a mix of residential, commercial, and retail space.

Earlier, the company bagged an order for pavement work on the reclaimed earth and received a Letter of Acceptance for Rs 680 Crores from Bharat Mumbai Container Terminal Private Limited. 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.

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Maninfra is an integrated EPC 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.

The shares of the company have delivered multibagger returns of over 700 per cent in the last three years.

And investors should keep a close eye on this stock. 

Disclaimer: The article is for informational purposes only and not investment advice.