MARKETS

AVP Infracon Shares Slump Despite Securing Rs 21 Crore Orders 

The first order, worth Rs 12.77 crore, is for road and infrastructure construction.
The first order, worth Rs 12.77 crore, is for road and infrastructure construction.

Shares of APV Infracon Ltd were trading 1% down on 6 November despite the company announcing securing Rs 21 crore orders from Reliance Group. 

According to the most recent regulatory filings with the NSE, Reliance Mappedu Multi Modal Logistics Park Limited has issued AVP Infracon Limited a Letter of Acceptance (LOA) for two work orders totalling almost Rs 21.2 crores.

The first order, worth Rs 12.77 crore, is for road and infrastructure construction with a three-month completion time frame. The second order, worth Rs 8.41 crore, is for OSBL RCC drain works, which are also expected to be completed within three months.

Reliance Mappedu Multi-Modal Logistics Park Limited, incorporated in December 2022, is in the business of developing, operating, and maintaining the Multimodal Logistics Park Chennai. The immediate holding company is Reliance Logistics and Warehousing Holdings Limited, and the ultimate holding firm is Reliance Industries Limited.

As of H1 FY26, the company had an order book of over Rs 300 crores, with a bid pipeline worth Rs 1,500-2,000 crores now being evaluated. The company’s execution visibility is 18-24 months, with a significant ramp-up projected in the second part of FY26.

During the first half of FY26, AVP Infracon received around Rs 124 crore in orders, securing five significant infrastructure contracts for highways, bridges, and industrial projects.

Launched in January 2025, the company’s solar EPC branch is expanding its skills and actively competing on larger projects to develop this as a long-term growth sector. While the current focus is on government contracts, AVP plans to enter the commercial infrastructure and industrial construction area in FY27, offering turnkey civil, steel, and road infrastructure solutions customised to manufacturing and industrial clients.

AVP Infracon Limited concentrates its efforts on critical projects such as highways, bridges, irrigation and canal projects, flyovers, and industrial infrastructures. It specialises in expressways, national highways, state highways, flyovers, bridges, viaducts, irrigation projects, urban development (civic amenities), and commercial projects.

At 2:05 pm, the shares of AVP Infracon were trading 0.34% lower at Rs 157.55 on NSE. 

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