Infra stock under ₹15 jumps 13% after receiving order worth ₹324 Cr from NHAIInfra stock under ₹15 jumps 13% after receiving order worth ₹324 Cr from NHAI

Introduction:

Leading infra company has secured a significant order worth ₹323.82 crore from NHAI for four-laning a 10.079 km stretch of NH-146 in Madhya Pradesh under the Hybrid Annuity Model.

Also Read: PSU stock jumps after signing MoU with Railtel for data center project

Share price movement of Madhav Infra:

On April 9, 2025, Madhav Infra Projects Ltd opened at ₹11.32, down from its previous close of ₹11.71. The stock touched a high of ₹13.25 (13.15%) and a low of ₹11.32. By 2:48 PM, it was trading at ₹12.59, up 7.51%, with a market cap of ₹339.40 crore.

Madhav Infra Projects Secures ₹324 Cr Order from NHAI:

Madhav Infra Projects Limited has announced the receipt of a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for a major road development project in Madhya Pradesh.

The project involves four-laning a section of NH-146 from Rahatgarh (Km 124.470) to Berkhedi (Km 134.549), under the Hybrid Annuity Model. The total length of the road to be developed is 10.079 kilometers.

The accepted bid price for the project stands at ₹323.82 crore. Madhav Infra has disclosed the development under Regulation 30 of SEBI LODR Regulations, along with relevant circulars, and shared project details.

Stock performance of Madhav Infra for Period of 1 week, 6 months, and 1 year:

Madhav Infra Projects Ltd delivered a 3.81% return over the past week. It declined by 28.3% in the past six months. The stock gained 17.8% over the past year.

Also Read: Q4 Update: Insolation Energy announces 80.5% YoY growth in revenue

Shareholding pattern of Madhav Infra:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	68.80%	69%	69%
FII	0.00%	0.00%	0.00%
DII	0%	0%	0%
Public	31.20%	31.20%	31.20%

About Madhav Infra:

Madhav Infra Projects Ltd (BSE: 539894), incorporated in 2010, is engaged in infrastructure development and solar power generation, contributing to India’s growth through road, bridge, and renewable energy projects.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.