On July 21, 2025, AVP Infracon Limited, a leading infrastructure development company listed on Indian stock exchanges, officially informed the National Stock Exchange of India that it has received a significant Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI), Regional Office - Madurai. The awarded project involves strengthening and overlaying of the existing bituminous surface along a key section of National Highway 83 (formerly NH-67), between Km 128+40 to Km 136+490 in the state of Tamil Nadu.

The total value of the order is approximately ₹10.63 crore, and the execution timeline for the contract is set at 4 months from the commencement date.

Details of the Awarded Order

As disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in compliance with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, the company has provided the following contractual details in Annexure A:

• Awarding Authority: NHAI – Regional Office, Madurai

• Nature of Work: Strengthening/Overlaying of the bituminous surface on Thanjavur-Trichy section of NH-83

• Execution Timeline: 4 months

• Contract Value: Approximately INR 10.63 Crores

• Order Type: Domestic

• Award Basis: Item Rate Basis

The scope of work comprises overlaying the existing road infrastructure, improving surface strength, longevity, and road safety on this crucial stretch, enhancing connectivity in the region.

Compliance with SEBI Norms

As per regulatory requirements, AVP Infracon has confirmed that:

• The project has no involvement from promoters or group companies.

• The order does not qualify as a Related Party Transaction.

• The information has been furnished in full compliance with Schedule III Part A of the SEBI Listing Regulations.

This disclosure ensures transparency and investor confidence, demonstrating the company’s adherence to corporate governance and disclosure standards.

Strategic Relevance of the Contract

The awarded contract is part of a broader initiative by NHAI and the Ministry of Road Transport and Highways (MoRTH) to upgrade and maintain critical national highway corridors. The Thanjavur-Trichy section is a vital component of Tamil Nadu’s transportation network, linking agricultural and industrial zones with urban centers.

By receiving this project, AVP Infracon strengthens its presence in Southern India’s infrastructure development space, particularly in highway and surface transportation engineering. The ₹10.63 crore contract not only bolsters its current order book but also demonstrates its execution capability and industry trust.

This comes at a time when the infrastructure sector in India is witnessing increased budget allocations, foreign investments, and private participation, especially through the National Infrastructure Pipeline (NIP) and Gati Shakti initiatives. Companies like AVP Infracon are well-positioned to capitalize on these opportunities, expanding their footprint across core segments like highways, bridges, and urban infrastructure.

Market and Investor Implications

The announcement is expected to positively influence investor sentiment for AVP Infracon Limited, especially considering the contract's public sector origin and moderate execution timeline. The stock symbol AVPINFRA, listed on NSE, may see a response in trading activity following this disclosure.

The infrastructure sector has become one of the key growth engines for India’s economy. Timely project acquisitions, such as this one, improve financial visibility and order pipeline sustainability for infrastructure players. For AVP Infracon, this addition could further affirm its execution reliability and strategic alignment with national infrastructure priorities.

About AVP Infracon Limited

AVP Infracon Limited is a publicly listed infrastructure company specializing in the execution of transportation, civil, and industrial infrastructure projects across India. With a focus on road construction, bridges, urban development, and highway strengthening projects, AVP Infracon continues to grow its portfolio in alignment with India’s infrastructure-led development model.

The company operates with strong technical capabilities, cost-effective project execution models, and a commitment to timely delivery, enabling it to be a preferred contractor for government and public infrastructure agencies.

Conclusion

The receipt of the ₹10.63 crore Letter of Acceptance from NHAI-RO-Madurai for the bituminous surface strengthening of the Thanjavur-Trichy highway segment reinforces AVP Infracon’s operational strength and strategic market relevance. With a clear execution timeline of four months and full compliance under SEBI disclosure norms, this order enhances the company's order book and market credibility.

As India accelerates its infrastructure growth trajectory, AVP Infracon’s active participation in high-value public sector projects showcases its competitive edge and commitment to national development goals. The development is set to further consolidate its presence in Tamil Nadu’s expanding infrastructure landscape.

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