Rs 1,185 crore order book: Mining operations company receives an order worth Rs 708 crore from Madhya Pradesh
DSIJ Intelligence-1 / 02 Sep 2025/ Categories: Multibaggers, Trending
The stock has given multibagger returns of 145 per cent from its 52-week low of Rs 106.25 per share.
Ganesh Infraworld Limited has announced its entry into the mining operations segment by securing a significant Rs 708 crore sub-contract for the operation and maintenance of heavy mining equipment at the Nigahi Mine in Singrauli, Madhya Pradesh. This new EPC (Engineering, Procurement and Construction) project, with a duration of 24 months, involves providing comprehensive services, including routine maintenance, major repairs, supply of spare parts and deployment of skilled personnel. This landmark contract not only marks the company's foray into the mining and infrastructure services domain but also strategically positions it to pursue further opportunities in civil, mining and water infrastructure projects across India.
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Earlier, the company secured two new sub-contracts with a combined value of Rs 342.43 crore. The first project, a Rs 280.31 crore contract, is for the infrastructural development of a CM's Model School in Sikkim and has a duration of 36 months. The second, worth Rs 62.12 crore, is for a train communication system for the South Eastern Railway, with a 15-month duration.
About the Company
Ganesh Infraworld Limited, established in 2017, is a construction company offering integrated engineering, procurement and construction (EPC) services. The company operates through item-rate and percentage-rate contracts, working as both a sub-contractor for major EPC firms and a direct contractor for government and private entities. Its diverse project portfolio spans Civil and Electrical Infrastructure, Road and Rail Infrastructure (including OHE systems) and Water Infrastructure, focusing on treatment, distribution and household connections.
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The company has a market cap of over Rs 1,000 crore and working capital requirements have reduced from 158 days to 99.2 days. The company have an order book of Rs 1,185 crore. The shares of the company have a PE of 19x, an ROE of 36 per cent and an ROCE of 38 per cent. The stock has given multibagger returns of 145 per cent from its 52-week low of Rs 106.25 per share.
Disclaimer: The article is for informational purposes only and not investment advice.