1:2 bonus share & Rs 81000 crore order book: PSU civil construction company bags new order worth Rs 1261 crore from Government of India

A PSU civil construction company has secured a new order worth Rs 1261 crore from the Government of India, adding to its robust order book of Rs 81,000 crore. The company has also announced a 1:2 bonus share issue, reflecting its strong financial performance. In FY24, the company reported a 17.53% increase in net sales to Rs 10,432.64 crore and a 49.54% rise in net profit to Rs 414.27 crore. The company’s order book as of June 30, 2024, stands at Rs 81,000 crore, with a target of achieving a turnover of Rs 10,000 crore at the standalone level and Rs 13,000 crore at the consolidated level for the current year. This new order and the bonus share issue highlight the company’s growth trajectory and its commitment to enhancing shareholder value.