Below Rs 100 Stock: Infrastructure Development Company Secures Major Rs 71.30 Crore Order for One Forest Avenue Project in Powai

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Below Rs 100 Stock: Infrastructure Development Company Secures Major Rs 71.30 Crore Order for One Forest Avenue Project in Powai

The stock is trading below Rs 100 per share as of December 11 and has given multibagger returns of 670 per cent in just 5 years.

Supreme Infrastructure India Ltd. (SIIL) has announced a significant contract win, securing a Letter of Intent (LOI) to execute major excavation and shore piling works for the One Forest Avenue project in Powai, Mumbai. The contract, valued at Rs 71.31 crore, was awarded by BSS Property Ventures Private Limited and Rajeshwar Property Ventures Private Limited, companies promoted by the Sharma family with Brookfield Properties as a major stakeholder. This specialised project includes essential foundation work, requiring the excavation of 450,000 cubic meters of soil and rock, along with the installation of 300 mm diameter shore piling (averaging 15 meters deep) and necessary rock anchoring. This major win cements SIIL's standing in specialised civil engineering within the Mumbai metropolitan region and strengthens its association with world-class development groups.

This substantial order provides a crucial boost to SIIL's Order Book and its ongoing financial and operational restructuring efforts, immediately enhancing its revenue visibility and topline growth prospects for the upcoming fiscal year. The contract covers the initial, complex foundational phase of a larger development. Successfully executing a foundational project of this magnitude for high-calibre promoter backing will significantly strengthen SIIL's credentials in the high-margin commercial Real Estate development sector, paving the way for securing future large-scale, specialised contracts and demonstrating the company's renewed financial stability.

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About the Company

Incorporated in 1983, Supreme Infrastructure India Limited (SIIL) is a major player in the infrastructure sector, providing comprehensive engineering and Construction solutions across various domains. The company possesses significant backward integration, owning its own quarries, crushers, Ready-Mix Concrete (RMC), and hot mix plants, which enables it to manage costs and ensure quality control across its projects. SIIL specialises in the construction of roads, highways, buildings, and bridges and is committed to delivering high-quality, complex infrastructure projects for government agencies, municipal corporations, and large corporate houses.

The company has a market capitalisation of over Rs 200 crore and the stock is trading at 0.60 times its book value. The stock is trading below Rs 100 per share as of December 11 and has given multibagger returns of 670 per cent in just 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.