Mumbai, April 29 -- 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 Rs.1.28 billion. Its market cap stood at Rs 3.42 billion as of 9 April 2025.
Published by HT Digital Content Services with permission from Construction World.