SYNOPSIS: A construction company acquired an additional stake in Kandoi Transport, involved in the transport and Mining Development and Operator (MDO) segment, raising its holding to 60 percent and making it a subsidiary, aiming to drive growth and operational synergies.
During Wednesday’s trading session, shares of a construction company specialising in integrated engineering, procurement, and construction (EPC) services hit a 10 percent upper circuit on NSE, after the company announced gaining majority control in a transport business.
With a market cap of Rs. 356 crores, shares of Ganesh Infraworld Limited hit a 10 percent upper circuit at Rs. 83.35 on NSE, as against its previous closing price of Rs. 75.8. The stock has delivered negative returns of over 43 percent in one year, and has fallen by around 64 percent in the last six months.
What’s the News:
As per its latest disclosure to the NSE, Ganesh Infraworld Limited has completed the acquisition of 2,20,602 equity shares of Kandoi Transport Limited, each with a face value of Rs. 100. Following this transaction, the company’s shareholding in Kandoi Transport has increased to 60 percent. Accordingly, Kandoi Transport Limited has become a subsidiary of the company.
On 11th April, the company’s Board approved to make further investment in Kandoi Transport Limited through a rights issue, with the objective of supporting future business expansion and enhancing operational synergies between the two entities.
Kandoi Transport Limited operates in the transport and Mining Development and Operator (MDO) segment. For the nine months ended 31st December 2025, the company reported a turnover of Rs. 371.64 crore, a profit after tax of Rs. 18.14 crore, and a net worth of Rs. 125.77 crore.
The acquisition was completed for a total cash consideration of Rs. 2.2 crore, paid through standard banking channels. Prior to this transaction, Ganesh Infraworld held a 39.78 percent stake in the company.
Financials & More:
Ganesh Infraworld reported a significant growth in revenue from operations, experiencing a year-on-year increase of over 44 percent, from Rs. 149 crores in Q3 FY25 to Rs. 215 crores in Q3 FY26. Likewise, its net profit increased during the same period from Rs. 11 crores to Rs. 19 crores, representing a rise of around 73 percent YoY.
Additionally, the company’s order book of Rs. 2,211.7 crores (nearly 7x its market cap) provides healthy revenue visibility over the coming quarters, particularly across its core infrastructure segments.
Ganesh Infraworld is one of the fastest-growing infrastructure companies in Eastern India, delivering critical execution support to leading EPC players across industrial, civil, road, structural, and heavy erection works. The company provides comprehensive, end-to-end solutions for complex project erection and integrated site construction requirements.
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