Synopsis: Shashijit Infraprojects Limited has secured multiple LOIs worth up to Rs. 7.56 crore for industrial shed and residential construction projects. The new orders strengthen the company’s order book and improve revenue visibility despite the penny stock declining over 61 percent in the last one year.
Shashijit Infraprojects has a total market capitalization of Rs. 19.98 crore, according to data on the NSE. Shashijit Infraprojects shares were trading at Rs. 2.75 apiece on the National Stock Exchange, up by 1.48 percent; the stock has surged around 3.38 percent over the last five sessions, while it has gone up about 4.96 percent in the 30 days. Over a six-month period, the stock has given a negative return of 33.25 percent, whereas on a year-on-year basis it has decreased nearly 61.59 percent, reflecting poor overall performance. The stock’s 52-week high was Rs. 7.49 and 52-week low was Rs. 2.21.
Shashijit Infraprojects Limited has announced that it has received two separate Letters of Intent (LOIs) for civil construction projects from domestic entities. The combined order value stands at approximately Rs. 7.06 crore to Rs. 7.56 crore excluding taxes.
The first LOI has been awarded by Mehul Roadways for civil construction work related to an industrial shed building project. The contract value is estimated between Rs. 4 crore and Rs. 4.5 crore excluding taxes. The second LOI has been received from Fortune Dreamcon Private Limited for civil construction work of row houses with a project value of around Rs. 3.06 crore excluding taxes.
Both projects are expected to be executed within a period of 12 to 15 months. The company stated that the projects will be carried out as per the defined scope of work mentioned in the contracts. The latest contracts are strategically important for Shashijit Infraprojects as they strengthen the company’s order book and improve medium-term revenue visibility. Continuous order inflows generally help construction companies maintain operational utilization and support future business growth.
The industrial shed project also reflects ongoing demand from industrial and logistics infrastructure segments, while the row house construction order highlights continued activity in the residential real estate sector. Rising infrastructure development and housing demand continue creating opportunities for civil construction companies across India.
Shashijit Infraprojects Limited, incorporated in 2007, operates in the construction and infrastructure development segment. The company is engaged in construction and development of immovable properties along with execution of civil engineering projects. India’s construction and infrastructure sector continues benefiting from urbanization, industrial expansion, housing demand and government-led infrastructure spending. However, profitability in the sector remains sensitive to raw material costs, project execution timelines, labour availability and working capital management.
Overall, the new project strengthens Shashijit Infraprojects’ project pipeline and supports future operational growth. Going forward, execution efficiency, additional order inflows and infrastructure demand trends will remain key factors influencing the company’s future performance.
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