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* - Tentative Dates
The Company proposes to utilize the net proceeds from the Issue towards funding the following objects:
A B Infrabuild Limited's revenue increased by 49% and profit after tax (PAT) rose by 51% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 156.62 | 125.24 | 103.1 | 113.44 |
| Revenue | 184.49 | 123.79 | 64.6 | 62.45 |
| Profit After Tax | 11.42 | 7.54 | 0.86 | -2.23 |
| Amount in ₹ Crore | ||||
A B Infrabuild Limited was founded in March 2011. The company provides various services such as civil works, new station infrastructure, renovation of old stations, new railroad lines, gauge conversion, sidings, track construction etc. The company is active in areas such as the construction of steel loop bridges, the construction of railroad infrastructure and road construction contracts (BOT and turnkey).
The company also has a ready-mix concrete plant with a state-of-the-art facility in Thane. The plant has a fleet of 15 ready-mix concrete mixers and tippers and has received the RMC Manufacturers’ Association certificate of conformity.
The decline in sales in the RMC segment is mainly due to the fact that the company is making slow progress in this segment as bad debts are increasing. The company has scaled down its RMC business and is focusing on its core business i.e. rail transportation and BMC contracts.
Major clients include Municipal Corporation of Greater Mumbai, Theystern Railway, Central Railway, Mumbai Railway Vikas Corporation Ltd, Mumbai Metropolitan Region Development Authority, Dedicated Freight Corridor Corporation of India Ltd, Sky Way Infrastructure Private Limited, Dev Engineers, GCC Hotel Private Ltd and Krypton Corp.
