Man Infraconstruction Limited has received one more 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- Construction Works" for Rs. 402 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, "In addition to LoA received on April 13, 2022, we are once again delighted to get this prestigious Letter of Acceptance (LoA). We continue to be one of the leading service providers of Port Infrastructure. Our expertise and technical capabilities, coupled with efficient project management skills and timely completion of landmark projects have immensely added to our credibility and has resulted in repeat orders from clients."
Shares of Man Infraconstruction Limited was last trading in BSE at Rs. 118.95 as compared to the previous close of Rs. 119.00. The total number of shares traded during the day was 196858 in over 4123 trades.
The stock hit an intraday high of Rs. 124.40 and intraday low of 118.45. The net turnover during the day was Rs. 23799019.00.