Rs 486 crore order book: This civil construction company bags new order worth Rs 34,57,00,000 from Hindustan Copper Ltd
The company has a market cap of Rs 325 crore and the stock is up by 91.50 per cent from its 52-week low of Rs 134.75 per share.
K2 Infragen Limited, a prominent player in India’s infrastructure and EPC sectors, has bagged an order of Rs 34.57 crore for the Augmentation of 132KV Main Receiving Station (MRS) at Malanjkhand Copper Project in Balaghat District, Madhya Pradesh. The contract from Hindustan Copper Limited was awarded to Naresh Agarwal Constructions P Ltd. and shall be executed by K2 Infragen Ltd. This is K2 Infragen’s first major order in the power transmission & distribution segment, which reflects the diverse engineering capabilities of the company.
The company’s robust order book stands at Rs 486 Cr and the order pipeline has expanded to Rs 900 crore, reflecting the momentum it has gained in both domestic and international markets. With a strong project pipeline and ambitious goals, K2 Infragen aims to surpass Rs 450 crore in revenue by FY26, fuelled by strategic expansion across India and key regions, including Africa and the Middle East.
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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.
On Friday, the share of K2 Infragen Ltd gained 5 per cent upper circuit to Rs 258.05 per share from its previous closing of Rs 245.80. The company has a market cap of Rs 325 crore and the stock is up by 91.50 per cent from its 52-week low of Rs 134.75 per share.
Disclaimer: The article is for informational purposes only and not investment advice.