The total contract value stands at Rs 51,79,91,303.99 and the project is scheduled to be completed within a period of 24 months.
The company further clarified that none of its promoters or members of the promoter group have any interest in the entity awarding the contract. It also stated that the transaction does not qualify as a related-party transaction under applicable regulatory norms.
A B Infrabuild is engaged in construction, alter, improve, maintain, enlarge, pull down, remove, replace and develop, work, manage, and roads, railways, branches and sidings, bridges; and other constructions related to civil works.
The company’s standalone net profit tumbled 43.6% to Rs 2.11 crore, while revenue from operations declined 21% to Rs 37.30 crore in Q2 FY26 compared to Q2 FY25.
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