Madhav Infra Jumps 9 per cent After Winning Rs 3.24B NHAI Highway Project
29 Apr 2025 CW Team
Madhav Infra Projects surged 9.22 per cent to Rs 12.79 after securing a Rs 3.23 billion highway project from the National Highways Authority of India (NHAI). The project involves four-laning a 10.08-km stretch from Rahatgarh to Berkhedi in Madhya Pradesh under hybrid annuity mode, with completion expected in 730 days.
Madhav Infra, active in infrastructure and solar power, reported a 75.3 per cent rise in Q3 FY25 standalone net profit to Rs 38.4 million, with revenue up 59.8 per cent at �1.28 billion. Its market cap stood at Rs 3.42 billion as of 9 April 2025.