Man Infraconstruction Limited
Man Infraconstruction Limited (MICL) is an integrated EPC (Engineering, Procurement & Construction) company with experience and execution capabilities in Port, Residential, Commercial & Industrial and Road construction segments.
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- Updates36
- Investor Meet24
- Important23
- Dividend/Bonus11
- Insider Trade9
Man Infraconstruction's board approved an open market share buyback up to ₹169.29 Cr, at a maximum price of ₹171 per share. This targets repurchasing up to 99 lakh shares (2.45% of capital), enhancing shareholder value.
Man Infraconstruction acquired an additional 16% stake in MICL Properties LLP for 0.0016 Cr, increasing its total holding to 50%. This move deepens its presence in the real estate sector, expanding operational influence.
Man Infraconstruction cancelled its earnings call for quarterly results due to a management medical exigency. A new schedule will follow for investor updates.
MICL Group launched Marina Vista, an ultra-luxury project in Bandra, with an estimated GDV over ₹500 Cr. It achieved 30% pre-sales commitment at launch, signaling strong demand.
MICL Group secured approval for 'Berkeley House,' a new ultra-luxury sea-view residential project in Bandra West, Mumbai, with a ₹1,000+ Cr Gross Development Value (GDV). This expands its Bandra portfolio to ₹2,350+ Cr GDV. MICL holds a 70% stake.