Mumbai (Maharashtra) [India], October 23:AVP Infracon Limited, a leading infrastructure development company with over 15 years of execution excellence, delivered itsbest-ever half-year performance in H1 FY26, marking a defining milestone in its growth journey. The company has grownexponentially post-IPO, supported by strong project execution, disciplined bidding, and diversification into new sectors.
The period was marked bymultiple high-value project wins across Tamil Nadu and other states, along withcontinued operational expansion, reinforcing AVP’s position as one of India’sIndia’semerging EPCplayers.
Performance Highlights
•H1 FY26 marks the best-ever half-year performance in the company’s history.
•Standalone turnover doubled in H1 FY26 compared to H1 FY25, driven by robust execution and efficient project management.
•The growth reflects AVP’s continued focus on stakeholder wealth maximization, market expansion, and meeting infrastructure demand across its core business segments.
•Strong operational momentum supported by disciplined bidding, on-time delivery, and diversification into solar and private sector EPC projects.
Healthy Order Book and Pipeline
•Order Book (as of 30 Sept 2025):Approx₹300Cr(unexecuted value)
•Bid Pipeline:₹1500- 2000Cr worthof projects under evaluation
•Execution Visibility:18–24 months with strong H2 ramp-up expected
Robust Order Inflow
During the first half of FY26,AVP Infracon Limitedrecorded a robust order inflow of~₹124Cr, securingfive major infrastructure contractsacross highways, bridges, and industrial projects. The wins underscore AVP’s execution strength and its reputation as atrusted EPC partnerfor government and institutional clients.
Key Orders Secured in H1 FY26:
•₹39.02 Cr– Performance-based maintenance contract for highways (C&M Tanjore) fromKCP Infra Limited
•₹16.23 Cr– Construction of a Road Over Bridge betweenSinganallur–PeelameduforHighways NABARD & Rural Roads Circle, Salem
•₹33.34 Cr– Infrastructure development for South Parcel (OSBL) atMappedu Multi-Modal Logistics ParkfromReliance Mappedu MMLPLimited
•₹10.63 Cr– Strengthening and overlaying works alongNH-83 (Thanjavur–Trichy section)awarded byNHAI, Madurai
•₹24.61 Cr– Creation of infrastructure facilities atSIPCOT Industrial Park, ManaparaifromSIPCOT
Collectively, these ordersexpand AVP’s sectoral footprintin road, bridge, and industrial infrastructure projects, strengthening its visibility across Tamil Nadu’s key development corridors and paving the way for future expansion into new regions.
Warrant Issue to Strengthen Promoter Confidence
The Company also approved the issue of20,00,000 convertible warrants at₹200 each, aggregating₹40Cr.
•75%(15,00,000 warrants) allocated toMr D. Prasanna, Promoter
•25%(5,00,000 warrants) tofivenon-promoter investors
This reflects strong promoter commitment and external investor confidence in AVP’s long-term vision.
Future Direction
Geographical Expansion Beyond Tamil Nadu
AVP plans to strategically expand its operations intoother states, targeting 25–30% of FY26 revenue from outside Tamil Nadu while maintaining existing profit margins through selective, conservative bidding.
Margin and Working Capital Discipline
Management reiterated its intent to maintain FY25-level, even as the company scales operations and enters new states. The working capital strategytimely supplier payments and cost efficiency—is expected to support sustainable profitability.
Accelerating Solar EPC Business
Launched in January 2025, AVP’s solar EPC division is actively building capabilities and bidding for larger projects to establish this as a long-term growth vertical.
Selective Foray into Private and PSU Projects
Currently focused on government contracts, AVP plans to enter the private infrastructure and industrial construction space from FY27 onwardsoffering turnkey civil, steel, and road infrastructure solutions for manufacturing and industrial clients.
Commenting on the performance during the H1 FY26, Mr. Prasanna Dhandayuthapani, MD of AVP Infracon Limited, said, “The first half of FY26 marks the best-ever performance in AVP’s history, driven by strong project execution, disciplined bidding, and diversification across sectors. We achieved double the standalone turnover compared to the same period last year, reflecting our continued focus on stakeholder value creation, market expansion, and meeting infrastructure demand across key business segments. This milestone period also saw us strengthen our order book and expand into new regions. With a robust project pipeline and sustained operational excellence, we are confident of achieving our FY26 revenue guidance while maintaining profitability. Our focus remains on executing projects with precision, expanding beyond Tamil Nadu, and building a more diversified and resilient infrastructure enterprise.”
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