Rs 443.73 crore order book: This civil construction company bags new order worth Rs 90.2 crore from UP-State Bridge Corporation Ltd

The company has a market cap of Rs 22 crore and the company’s order book stands at Rs 443.73 crore.

K2 Infragen Ltd, a major infrastructure development company based in New Delhi, has secured a contract worth Rs. 90.2 crore for the construction of a rail over bridge in Uttar Pradesh from UP-State Bridge Corporation Ltd. This project is part of the Indian government's ongoing efforts to improve railway connectivity across the country. The bridge will be built on the Patna-Mughalsarai section of the Danapur Division in Chandauli district.

This contract win is significant for K2 Infragen as it strengthens their order book to Rs. 443.73 crore. The project is being undertaken as a joint venture with M/s Gangasagar Singh & PRL Infrastructure, but K2 Infragen will have complete execution responsibility. The bridge is expected to be completed within 18 months and will contribute to the development of crucial connectivity corridors in Uttar Pradesh.

This project aligns with the central government's focus on improving the domestic railway sector, as reflected in the allocation of Rs 2.41 lakh crore in this year's Union Budget for railway development initiatives. Notably, Uttar Pradesh received a significant portion of these funds, amounting to Rs. 17,507 crore. The construction of this rail-over bridge is expected to further enhance connectivity and empower infrastructure growth in the Patna-Mughalsarai railway section.

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K2 Infragen Limited, founded in 2015, is an engineering, procurement and construction (EPC) company that offers a two-pronged approach to its clients. Their Contract Business oversees all aspects of a project, from planning and procurement to site management and commissioning, for sectors like water supply, railroads, roads, and civil engineering. Their Services Business caters to a wider range of projects including buildings, boundary walls, transmission lines, and water infrastructure. The company specialises in customized EPC solutions encompassing project structuring, personnel management, and logistics to ensure timely completion. Additionally, K2 Infragen also participates in the trading business, procuring and trading materials like non-ferrous metals through open market auctions.

Today, the share of K2 Infragen Ltd gained 17.04 per cent and made a fresh new 52-week high of Rs 182 per share from its previous closing of Rs 155.50. The company has a market cap of Rs 22 crore and the company’s order book stands at Rs 443.73 crore.

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