Man Infraconstruction Limited has received Letter of Acceptance (LoA) from Bharat Mumbai Container Terminal Private Limited (BMCTPL) for execution of Phase II works at JNPT, Navi Mumbai, Maharashtra being "Reclamation works - Material Supply" for Rs. 937 .89 Crores.
Bharat Mumbai Container Terminals Private Limited is a subsidiary of the PSA International, a leading global port group headquartered in Singapore. PSA is working with JNPT to develop this Fourth Container Terminal to cater to the increasing demands for container handling capacity and facilitate maritime trade in the Country.
Commenting on this development, Mr. Manan Parag Shah, Managing Director of Man Infraconstruction Limited said, "Having successfully executed Phase I Infra Works for BMCTPL within tight time-frame of 22 months, Maninfra Group has achieved confidence of BMCTPL in terms of Maninfra Group's work quality and capability. We are once again delighted to win this prestigious Letter of Acceptance (LoA) which is one of the biggest single order awarded to the Company; which will be executed in a time-frame of 2 years."
Shares of Man Infraconstruction Limited was last trading in BSE at Rs. 119.00 as compared to the previous close of Rs. 116.30. The total number of shares traded during the day was 157613 in over 3553 trades.
The stock hit an intraday high of Rs. 119.90 and intraday low of 112.05. The net turnover during the day was Rs. 18364891.00.