Real Estate and Infrastructure Construction Sector Facious Company Facons Infrastructure Ltd. has received a new and big contract from the country’s largest private company Reliance Industries Limited. Facons will work on an ambitious vinyl project in Dahej, Gujarat led by Reliance, which is said to be Rs 700 crore.
Facons received contract on Reliance’s Vinyl Project in Dahej, Gujarat, likely to be completed by June 2026
Facons informed through an exchange filing that it has received a letter of award (LOA) from Reliance Industries. This contract has been given for work related to civil, mechanical, installation, testing and commissioning. The company said that work on the project is expected to be completed by June 2026.
Although the total amount of the contract has been fixed at Rs 700 crore, the final payment will be done on the basis of progress and actual expenditure. This contract is considered a major achievement for Facons, especially when the company is constantly improving its expansion and technical capacity.
The company’s profit decreased in the March quarter, but the increase in the whole year
Facons Infrastructure Limited has also announced its financial results for the quarter ended March 2025. The company’s net profit declined by 23.44 percent to Rs 110.93 crore in this quarter, compared to Rs 144.89 crore in the same quarter of the previous year.
The company’s operational revenue also declined to Rs 3,223.27 crore, which was Rs 3,636.43 crore in the quarter of a year ago. However, talking about the entire financial year 2024-25, Facons gained 8.24 percent to a net profit of Rs 486.81 crore, which was Rs 449.76 crore last year.
Dividend’s announcement and shares boom, good news for investors
The board of directors of the company has approved a dividend of Rs 2.50 per share for FY 2024-25. This decision is considered to be a news of relief for shareholders.
On Friday, Facon’s Infrastructure shares closed at Rs 435.05 on BSE, which is 2.65 percent higher than the previous closed level of Rs 423.80. After this order received from Reliance, the company’s shares may see further boom in the upcoming sessions.
Company profile will be strengthened by partnership with Reliance
The agreement with a reputed company like Reliance Industries certifies the technical credit and engineering capacity of Facons. Experts believe that the successful implementation of this project can provide even more large projects to Facons, which can increase the company’s performance and profit.
