Infrastructure company receives a worth Rs 53.68 crore from Transcon-Sheth Creators Pvt Ltd

Mason Infratech Ltd has secured a significant domestic contract valued at approximately Rs 53.68 crore (exclusive of Taxes) from Transcon-Sheth Creators Private Limited for the execution of main civil works at the Auris Ilaria Tower 6B project. The scope of the agreement, which includes the provision of materials, encompasses the balance floor RCC work up to the Lift Machine Room (LMR) and Overhead Tank (OHT), AAC block masonry for all floors, and extensive internal and external plastering across kitchens, toilets, staircases, and terrace areas. This project is slated for completion within 17 months from the date of the work order issuance, following the regulatory disclosure standards set by the SEBI Master Circular dated November 11, 2024.

About the Company

Mason Infratech Ltd., a relatively new player in the Indian Construction industry, specialises in civil contracting and infrastructure development. The company primarily operates in the Mumbai Metropolitan Region (MMR) and focuses on high-value civil contracts for residential and commercial projects. Its project portfolio includes a mix of Full Labour Oriented, Part Material Full Labour, and Lock & Key projects, catering to a diverse clientele such as Damji Shamji Shah Group, Transcon, Soni & Associates, and Lodha Builders.

The company has a market cap of Rs 434 crore with a PE of 21x, an ROE of 38 per cent and an ROCE of 34 per cent.

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