by | December 29, 2025 3:10 pm
SYNOPSIS: Madhav Infra Projects secured LoAs worth Rs. 342 crore from MPUVNL, exceeding its market capitalisation, for grid-connected solar PV projects under PM KUSUM-C, to be executed within 18 months after PPA signing.
During Monday’s trading session, shares of a company involved in the business of infrastructure development and solar power generation surged around 12 percent on BSE, after the company announced securing order worth Rs. 342 crores from M.P. Urja Vikas Nigam Limited (MPUVNL), a Government of MP Enterprise.
At 01:34 p.m., shares of Madhav Infra Projects Limited were trading in the green at Rs. 11.37 on BSE, up by around 8 percent, compared to its previous closing price of Rs. 10.54, with a market cap of Rs. 306.5 crores. The stock has delivered negative returns of over 25 percent in one year, but has gained by around 6 percent in the last one month.
According to the latest disclosures filed with the BSE, Madhav Infra Projects Limited has secured multiple Letters of Awards (LOA) aggregating nearly Rs. 342 crores from M.P. Urja Vikas Nigam Limited (MPUVNL), a Government of Madhya Pradesh Enterprise. The projects are to be executed within 18 months from the date of signing the respective Power Purchase Agreements (PPAs). Notably, the total order value exceeds the company’s current market capitalisation.
The order pertains to the implementation of grid-connected Solar PV-based Power Plants (SPP) under the Surya Mitra Krishi Feeders Scheme, which includes the feeder solarisation component of the PM KUSUM-C Scheme. The generated power will be sold to Madhya Pradesh Power Management Company Limited (MPPMCL).
Madhav Infra Projects reported a significant growth in revenue from operations, experiencing a year-on-year increase of around 23 percent, from Rs. 87 crores in Q2 FY25 to Rs. 107 crores in Q2 FY26. Likewise, its net profit increased during the same period from Rs. 4 crores to Rs. 12 crores, representing an impressive rise of nearly 200 percent YoY.
Between FY22 and FY25, Madhav Infra’s revenue grew at a 3-year CAGR of nearly 10 percent, while net profit surged at a CAGR of about 61 percent. Madhav Infra Projects Limited is engaged in the business of infrastructure development & solar power generation, delivering Engineering, Procurement, and Construction (EPC) solutions across roads, bridges, railway infrastructure, and utility-scale solar PV projects.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Shivani is a Financial Analyst with 5+ years of experience in finance writing, including 3+ years of hands-on experience in financial analysis. She has extensively covered trending themes across key sectors like green energy, banking, insurance, chemicals, IT, and other emerging industries, while analysing sectoral trends and company fundamentals. Her expertise also includes analysing private equity and venture capital acquisitions, providing comprehensive market overviews, and tracking FII/DII investment movements to gauge overall market direction and investor sentiment.
Best stock discovery tool with +130 filters, built for fundamental analysis. Profitability, Growth, Valuation, Liquidity, and many more filters. Search Stocks Industry-wise, Export Data For Offline Analysis, Customizable Filters.
Start your stock analysis journey with Trade Brains Portal today. Launch here!
Subscribe to Youtube to watch our latest stock market videos. Subscribe here.
Trade Brains is India’s trusted financial and business news portal.
Phone: 080884 91790
Email: [email protected]
Reach us out at
For Advertisement, Press Releases, Partnerships or to get backlinks on this website, please e-mail us at [email protected]
For Partnerships & Promotio
Visit – tradebrainsawards.com/
Chandan Singh Rawat
Emaill: [email protected]
Mob: (+91)6366648573
Bikram Singhary
Email: [email protected]
Mob: (+91)8088491790
