RDB Infrastructure Reports 187% Profit Surge, Appoints New Secretarial Auditor
RDB Infrastructure & Power Limited reported significant financial growth for Q1 FY2025-26. Net profit increased by 187.18% to ₹272.25 lakhs, while revenue from operations grew 120.04% to ₹6,755.58 lakhs year-on-year. The company's Anjana Project sale contributed ₹60 crore to revenue. Corporate governance updates include the appointment of Ms. Prachi Todi as Secretarial Auditor for five years and scheduling of the 19th AGM for September 25, 2025. A monitoring agency report confirmed no deviation in fund utilization from a preferential share warrant issue.
16Apr 25
RDB Infrastructure and Power Limited Inks ₹60 Crore Land Sale Deal in Surat
RDB Infrastructure and Power Limited has executed a slump sale agreement for its non-agricultural leasehold land in Surat to Samprati Buildcon Private Limited for ₹60 crore. The 10,667.52 sq. meters land sale involves an initial payment of ₹1 crore, with the remaining ₹59 crore due within 6 months. The transaction, set to complete by October 13, 2025, aims to enhance liquidity and support strategic objectives. The company's stock opened 3% higher following the announcement, indicating positive market sentiment.
15Apr 25
RDB Infrastructure and Power Seals ₹60 Crore Land Sale Agreement
RDB Infrastructure and Power Limited has entered into a slump sale agreement to sell 10,667.52 square meters of non-agricultural leasehold land in Surat, Gujarat to Samprati Buildcon Private Limited for ₹60 crore. The sale, expected to complete by October 13, 2025, aims to enhance the company's liquidity, support operations, and provide financial flexibility for growth opportunities. The transaction value significantly exceeds the company's reported net worth of ₹37.42 crore as of March 31, 2024.
10Mar 25
RDB Realty & Infrastructure Secures ₹42 Crore Contract from Vardhman Group
RDB Realty & Infrastructure Ltd has been awarded a ₹42 crore construction contract by the Vardhman Group. The project is set to be completed within 24 months, potentially boosting RDB's revenue and showcasing its capabilities in the construction sector. This contract win demonstrates RDB's ability to attract diverse clients and aligns with the broader recovery trend in India's construction industry.
08Mar 25
RDB Infrastructure and Power Secures ₹42 Crore Construction Contract in Mumbai
RDB Infrastructure and Power Limited has won a ₹42 crore contract from Vardhman Group Realbuild LLP for constructing a 33-story high-rise building in Mumbai. The project, located at Sandhurst Road West, Girgaon, includes basement, podiums, and approximately 2,00,000 sq. ft. of built-up area. The contract, set to begin on March 7, 2025, has a 24-month execution period. This development is expected to boost the company's revenue and strengthen its position in the Mumbai real estate market.
04Mar 25
RDB Infrastructure and Power Seals ₹60 Crore Land Deal with Samprati Buildcon
RDB Infrastructure and Power Limited has approved the sale of a 10,667.52 square meter land parcel in Surat, Gujarat, to Samprati Buildcon Private Limited for ₹60 crore. The Board approved the sale on March 4, 2025, citing enhanced liquidity, operational support, strategic flexibility, and risk mitigation as key reasons. The transaction, structured as a slump sale, is subject to shareholder approval and regulatory compliance. It is expected to be completed by April 30, 2025.