MBL Infrastructure Ltd (MBL) has announced a significant development in its operations, securing a new order and setting ambitious targets for the future. The company, known for its expertise in civil engineering infrastructure projects, is making strides in expanding its project portfolio and improving its financial standing.

New Order Secured

MBL Infrastructure has been awarded a Change of Scope (CoS) order worth Rs 11.06 crore for construction work on the Bikaner-Suratgarh Section of NH-62 in Rajasthan. The scope of work includes:

• Construction of a junction
• Reconstruction and strengthening of service road
• Construction of two culverts

This project is being executed by Suratgarh Bikaner Toll Road Company Pvt Ltd (SBTRCPL), a wholly-owned subsidiary of MBL. SBTRCPL is already collecting toll on 170.266 km of National Highway, indicating the company's established presence in the region.

Ongoing Projects and Future Prospects

In addition to the newly secured order, MBL is currently working on another Change of Scope project valued at Rs 20.22 crore. This ongoing work involves the construction of a new bridge across the IGNP main canal.

Financial Outlook and Order Book

MBL Infrastructure has reported significant improvements in its financial position:

• All bank accounts of the company have been classified as 'Standard' by working capital consortium banks.
• These accounts have been transferred to the Corporate Client Group Vertical of banks.
• The company now has access to non-fund based working capital facilities (BGs/LCs) of Rs 303.63 crore.

Leveraging this improved financial standing, MBL has actively started bidding for new projects:

• The company has already bid for projects worth Rs 889.54 crore.
• MBL has set a target of procuring new orders worth Rs 1000 crore during the financial year 2025-26.

Management's Perspective

Mr. Anjanee Kumar Lakhotia, Chairman & Managing Director of MBL Infrastructure, expressed optimism about the company's future prospects. He stated, "With the availability of non-fund based working capital facilities of Rs 303.63 crores, the Company has started bidding for new projects and has already bidded for projects of Rs 889.54 crores. We have identified projects to be bidded so as to target procurement of new orders of Rs 1000 crores during the current financial year 2025-26."

Company Profile

MBL Infrastructure Ltd, established in 1995 and listed since 2010, specializes in the execution of civil engineering infrastructure projects. The company's areas of expertise include:

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

MBL has a track record of executing projects across India, positioning itself as a significant player in the infrastructure development sector.

As MBL Infrastructure continues to secure new orders and improve its financial position, the company appears to be on a trajectory of growth and expansion in the infrastructure sector.

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.