The EPC company has bagged the contract of construction for the reclamation works being done under the second phase (Phase-II) works at Jawaharlal Nehru Port Trust (JNPT), Navi Mumbai, Maharashtra.

Commenting on this development, Manan Parag Shah, MD of Man Infraconstruction said, "In addition to LoA received on April 13, 2022, we are once again delighted to get this prestigious Letter of Acceptance (LoA).”

Bharat Mumbai Container Terminals (BMCTPL) is a subsidiary of the PSA International, a leading global port group headquartered in Singapore. PSA is working with JNPT to develop this Fourth Container Terminal to cater to the increasing demands for container handling capacity and facilitate maritime trade in the country.

Man Infraconstruction is headquartered in Mumbai having two business verticals viz., Construction and Real Estate Development. It is an integrated EPC company with five decades of experience and execution capabilities in Port, Residential, Commercial & Industrial and Road construction segments with projects spanning across India.

On a consolidated basis, Man Infra's net profit surged 219.6% to Rs 40.02 crore on 94.7% increase in net sales to Rs 296.52 crore in Q3 FY22 over Q3 FY21.

Shares of Man Infraconstruction were trading 0.55% lower to Rs 118.30 on BSE.