In a regulatory filing, the civil construction company said, “Man Infraconstruction has received letter of acceptance (LoA) for approximately Rs 680 crore (inclusive of GST) from Bharat Mumbai Container Terminal (BMCTPL') for execution of Phase 2 Infrastructure Works at Fourth Container Terminal at Jawaharlal Nehru Port (JNPT), Navi Mumbai, Maharashtra within time-frame of 2.5 years.”

BMCTPL is 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.

Manan P. Shah, managing director said, “Manlnfra Group has successfully executed Phase 1 Infra Works for BMCTPL within a challenging time-frame of 22 months instilling its added confidence within our group. We are once again delighted to win this prestigious Letter of Acceptance (LoA) and the commencement of Phase 2 Infra Works signifies another notable milestone in our association with BMCTPL. With both the responsibility of land reclamation and infrastructure development in our hands, we are filled with elation and gratitude for this opportunity.”

Mumbai-based Man Infraconstruction has two business verticals viz., EPC (engineering, procurement and construction) and real estate development.

The company's consolidated net profit surged to Rs 81.58 crore in the quarter ended March 2023 from Rs 37.36 crore during the previous quarter ended March 2022. Sales rose 157.42% to Rs 680.27 crore in Q4 FY23 from Rs 264.26 crore in Q4 FY22.