AVP Infracon Inaugurates 3rd RMC Plant by AVP RMC
AVP Infracon marks a significant milestone with the inauguration of its third Ready Mix Concrete (RMC) Plant, located at Merku Thottam, Tripur District, Tamil Nadu.
by Damodharan N
Updated Jul 15, 2024
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AVP Infracon Limited (NSE: AVPINFRA), a leading infrastructure development company, has reached a significant milestone with the inauguration of AVP RMC's third Ready Mix Concrete (RMC) Plant on July 12, 2024. Situated at Merku Thottam, Tripur District, Tamil Nadu, this cutting-edge facility, majority owned by AVP Infracon, represents a substantial expansion in the company's operational capacity.
Strategically positioned to serve concrete demands in vital regions such as Dharapuram, Palani, Oddanchatram, Udumalaipet, and Kangeyam, the new plant underscores AVP Infracon's commitment to advancing infrastructure development using advanced technology and sustainable practices.
Mr. Prasanna Dhandayuthapani, Managing Director of AVP Infracon Limited, emphasized, "The inauguration of AVP RMC's third Ready Mix Concrete Plant signifies a pivotal moment for us. This strategic expansion enhances our operational capabilities and reaffirms our dedication to meeting the increasing demands of infrastructure.
By leveraging advanced technology and sustainable practices, we are well-positioned to deliver efficient solutions that contribute significantly to regional development and strengthen AVP Infracon's leadership in Tamil Nadu's dynamic construction landscape."
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Market Reaction
Following the announcement, the share prices of the company on the NSE showed varied movements throughout the morning. Initially, at 9:15 AM, the price held steady at Rs. 139, fluctuating between Rs. 138 and Rs.139 before settling at Rs.137 by 9:46 AM.
Subsequently, the price stabilized until around 10:46 AM, after which it began to climb steadily. By 11:39 AM, the stock price had appreciated to Rs. 143, and it peaked at Rs. 144 by 12:29 PM before gradually starting to decline in the afternoon.
These fluctuations in share price illustrate the market's response to the announcement, with periods of stability followed by significant appreciation and subsequent mild downturn.
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AVP Infracon
Established in 2009, AVP Infracon Limited (AVP) stands out as a prominent infrastructure development company in India, renowned for its expertise in executing complex projects across various sectors.
Headquartered in Tamil Nadu, AVP specializes in projects such as Roads, Bridges, Irrigation, Flyovers, and Industrial Infrastructure, including Expressways and Civic Amenities. With a robust portfolio spanning over 14 years, AVP has successfully delivered numerous government contracts and national initiatives.
The company manages a significant order book valued at ₹300 crores and operates 13 ongoing projects, reflecting its commitment to excellence and adherence to stringent safety standards.
AVP Infracon Inaugurates 3rd RMC Plant by AVP RMC - FAQs
1. What milestone did AVP Infracon achieve recently?
AVP Infracon inaugurated its third Ready Mix Concrete (RMC) Plant under AVP RMC on July 12, 2024.
2. Where is the new RMC plant located?
The new RMC plant is situated at Merku Thottam, Tripur District, Tamil Nadu.
3. What is the significance of this new facility for AVP Infracon?
It represents a significant expansion in AVP Infracon's operational capacity and infrastructure footprint.
4. Who owns majority stake in AVP RMC, the new plant?
AVP Infracon holds 90% ownership in AVP RMC, the partnership firm managing the new RMC plant.
5. Which regions will the new RMC plant serve?
The plant will cater to concrete demands in key areas including Dharapuram, Palani, Oddanchatram, Udumalaipet, and Kangeyam.
6. What did Mr. Prasanna Dhandayuthapani, Managing Director of AVP Infracon, emphasize about the new plant?
He highlighted that the inauguration signifies a pivotal moment for AVP Infracon, enhancing their operational capabilities and commitment to infrastructure development.
7. How did the market react to AVP Infracon's announcement?
The company's share prices initially held steady at Rs. 139 at 9:15 AM and experienced fluctuation before settling at Rs. 137. Prices then began to rise steadily, peaking at Rs.144 by 12:29 PM.
8. What does the fluctuation in share prices indicate about market response?
It reflects initial stability followed by appreciation in share value, signaling positive investor sentiment towards AVP Infracon's new infrastructure initiative.
9. How does AVP Infracon plan to contribute to regional development through the new RMC plant?
By leveraging advanced technology and sustainable practices, they aim to deliver efficient solutions that support regional infrastructure development.
10. What is AVP Infracon's overall strategy with the new RMC plant?
The strategic expansion aims to strengthen AVP Infracon's leadership in Tamil Nadu's construction sector by meeting growing infrastructure demands with advanced technological solutions.
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