The shares of a Microcap Infrastructure Developer hit 2% higher circuit on Monday’s commerce after it bagged Freeway Challenge price Rs 142 Crores from NHAI for strengthening and upkeep works on the Jetpur-Somnath part in Gujarat.
Share Value Motion
The shares of K2 Infragen Ltd, with a market capitalization of Rs 173.82 Crores as of Monday, closed at Rs 137.75 per share, hitting a 2% higher circuit from its earlier shut of Rs 135.
Order Particulars
As per a press launch dated third February 2025, K2 Infragen Restricted, one of many fastest-growing gamers in India’s infrastructure and EPC sectors, has secured a highway challenge contract price Rs. 142.14 Crores for the strengthening and upkeep works on the Jetpur-Somnath part (excluding Junagarh Bypass) within the state of Gujarat, beneath a Efficiency-Primarily based Upkeep Contract (PMBC).
The contract was awarded by NHAI to SRM Contractors Ltd. and shall be executed by K2 Infragen Ltd. With this addition, the corporate’s complete order e-book beneath execution now stands at INR 550 Crores.
Administration Commentary
Mr. Pankaj Sharma, Managing Director of K2 Infragen, expressed delight in securing the corporate’s largest single order within the Roads & Transport infrastructure sector. Whereas the challenge is scheduled for completion by September 2026, nearly all of the development is predicted to be completed throughout the yr.
The corporate continues to win important NHAI contracts and is increasing into Transmission & Distribution (T&D) and Railways. The corporate can also be exploring alternatives within the photo voltaic EPC sector and is in discussions with monetary establishments to extend its credit score limits.
Earlier Order this yr
Earlier this yr, K2 Infragen Restricted bagged an order of Rs 48.34 Crores for the strengthening of the prevailing two-lane highway within the state of Uttar Pradesh on EPC MODE. The contract was awarded by NHAI.
Financials
Income from Operations declined by 13%, from Rs 59 Crores in H1FY24 to Rs 51 Crores in H1FY25. Internet Income declined by 28%, from Rs 6 Crores to 4.3 Crores over the identical interval.
About K2 Infragen Ltd
Based in 2015, K2 Infragen focuses on energy and challenge engineering, delivering large-scale initiatives throughout eight Indian states. The corporate serves various shoppers like North Western Railways, Hindustan Copper, TATA, HG Infra, GR Infra, and L&T, specializing in high quality and well timed execution. K2 Infragen presents complete EPC companies and tailor-made energy engineering options for the power sector.
Written By Adhvaitha Nayani
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