MBL Infrastructures Limited, a prominent player in the Indian infrastructure sector, has released its corporate presentation, showcasing significant financial improvements following the implementation of its resolution plan under the Insolvency and Bankruptcy Code (IBC).

Financial Performance

The company reported a substantial turnaround in its financial performance:

• Revenue stood at ₹248.35 crore, compared to ₹253.46 crore in the previous year and ₹300.95 crore two years prior.
• Profit After Tax (PAT) saw a remarkable improvement, reaching ₹169.49 crore, a significant recovery from losses of ₹39.33 crore and ₹50.51 crore in the two preceding years respectively.
• The PAT margin improved dramatically to 68.25%, primarily due to exceptional item income.

Resolution Plan Implementation

MBL Infrastructure's resolution plan, approved under the IBC, 2016, was implemented on September 04. Key aspects of the plan include:

• A 10-year term for the approved resolution plan.
• Non-fund based facilities of ₹303.63 crore.
• Issuance of Non-Convertible Debentures (NCDs) worth ₹836.74 crore to assenting banks.
• Promoter contribution of ₹128.19 crore over three years, with ₹108.29 crore already infused.

Business Operations

The company operates across various infrastructure segments:

• Roads & Highways (Construction, BOT, O&M)
• Building, Housing & Urban Infrastructure
• Railways/Metro and Other Infrastructure

MBL Infrastructure has a pan-India presence, with completed and ongoing projects in multiple states including Haryana, Delhi, Rajasthan, and Madhya Pradesh.

Current Projects

The company's major ongoing project includes:

• Development and operation of the Bikaner-Suratgarh section of NH-62 in Rajasthan, with an original project cost of ₹648.35 crore.

Future Outlook

MBL Infrastructure is positioning itself to capitalize on government infrastructure initiatives, including:

• The allocation of ₹2.87 lakh crore to the Ministry of Road Transport and Highways in the Union Budget.
• The Vision 2047 plan to add 200,000 km of national highways.
• The National Infrastructure Pipeline (NIP) aiming for investments of over ₹100 lakh crore across various infrastructure sectors.

With its improved financial position and strategic focus on key infrastructure segments, MBL Infrastructure appears well-positioned to leverage the government's push for infrastructure development across India.

MBL Infrastructures Ltd has announced a significant new order worth Rs 20.22 crore from the Ministry of Road Transport and Highways. This order comes as a change in the scope of work for an existing project in Rajasthan.

Project Details

The order has been awarded to Suratgarh Bikaner Toll Road Company Pvt Ltd, a wholly owned subsidiary of MBL Infrastructure. It is part of the BOT (Build-Operate-Transfer) project for the Development & Operation of the Bikaner-Suratgarh Section of NH-62 in Rajasthan. MBL Infrastructure will execute the project on an EPC (Engineering, Procurement, and Construction) basis.

Scope of Work

The new order involves the construction of a bridge across the INGP main canal. The project has been given a completion timeline of 12 months, highlighting the urgency and importance of this infrastructure development.

Company's Future Plans

Surrender Aggarwal, Executive Director of MBL Infrastructure, shared insights into the company's future strategy. He stated that the company plans to start bidding for new projects once the working capital consortium documentation by banks is completed under the Resolution Plan approved under IBC, 2016.

About MBL Infrastructure

MBL Infrastructure operates in various sectors of civil engineering, with a focus on road construction and infrastructure development across India. The company currently has two operational BOT projects, one in Rajasthan and another in Madhya Pradesh.

This new order reinforces MBL Infrastructure's position in the road and bridge construction sector and demonstrates the company's continued engagement in critical infrastructure projects in India.