Avp Infracon Ltd.
NNSE:AVPINFRA61.45
INR
-0.55
(-0.89%)
Avp Infracon Ltd.
NSE:AVPINFRA
(National Stock Exchange of India)
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61.45
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- Business
- AVP Infracon Ltd. (NSE: AVPINFRA) operates as an infrastructure construction company in India, specializing in the development of roads, highways, bridges, flyovers, viaducts, and irrigation projects; urban development works including civic amenities, hospitals, warehouses, and hotels; as well as commercial and residential buildings using bill of quantities (BOQ) and engineering, procurement, and construction (EPC) methods. The company, founded in 2009 as AVP Constructions Private Limited and headquartered in Chennai, Tamil Nadu, primarily serves clients such as the National Highways Authority of India (NHAI), Tamil Nadu Public Works Department, and Greater Chennai Corporation, with a focus on projects in Tamil Nadu. It maintains a fleet of 124 units and has completed nearly 40 projects valued at over Rs 313 crore as of early 2024. In recent developments, the company listed on the NSE SME platform in March 2024 following a successful IPO that raised funds through an issue priced at Rs 75 per share. It incorporated a wholly owned subsidiary, AVP Renewable Energies Limited, to pursue engineering, procurement, and construction contracts for solar energy projects, marking a strategic expansion into renewables. Additionally, in December 2024, AVP Infracon, through its 90%-owned partnership firm M/s Kanthan Blue Metals, acquired 23 acres of land in Tirupur District, Tamil Nadu, for Rs 13.18 crore as part of a Rs 17 crore investment to establish a new crusher unit aimed at enhancing supply chain efficiency and raw material control for its infrastructure projects; the facility is slated to be operational within six months. In August 2024, it secured road construction sub-contracts worth nearly Rs 71 crore from CDR & Co Constructions, reinforcing its order book in Tamil Nadu. The company converted from private to public limited status in November 2023, following a name change from AVP Infracon Private Limited in October 2023.