Man Infraconstruction Acquires 26.4% Stake In Trident Agro Terminals For Port & Logistics Expansion

Man Infraconstruction announced Thursday that it acquired 2,640 equity shares (26.40%) of "Trident Agro Terminals and Logistic Private Limited," a recently incorporated company that was established to develop ports, port-based logistics, and processing and storage facilities for export-import and domestic agricultural commodities. Implementing port development, port-based logistics, and the construction of processing and storage facilities for export-import and domestic agricultural commodities are the goals of the acquisition.

Man Infraconstruction Limited (MICL) recently announced its second interim dividend for the financial year 2024 to 25. The decision was taken in regard to the company's Board of Directors meeting on February 3, 2025 and approved the unaudited results of Q3 FY25.

As per the official communication to the stock exchanges, Man Infraconstruction has declared a per share of second interim dividend equity shares of Rs 0.45. This applies to 37,52,89,565 equity shares of Rs 2 each. This translates to a 22.5% dividend based on the face value. This declaration outlines the company's focus on maximizing shareholder's wealth.

The Record Date for determining shareholder entitlement for the second interim dividend has been set for 12th February 2025. Complying with the T+1 settlement rules, the company's investors will need to buy MICL's shares at least a day prior to the record date in order to receive the dividend.

Simultaneously, Man Infraconstruction which is a major constituent of the Indian infrastructure industry, is aggressively pursuing projects in the renewable industry. In partnership with a leading UK multinational, the company will be constructing the first solar park in Maharashtra, the Chhatrapati Shivaji Maharaj Saur Urja Park (CSMSUP), which is set to have an awe-inspiring capacity of 1.2 GW. This project on its own is quite a monument, set to be developed on 4200 acres of land in the Solapur district.

Advanced solar panels with a capacity of 750 watts each will be used in the CSMSUP project. The solar panels will be mounted in both fixed and tracking configurations for maximum energy generation. This project, along with the other objectives India set, will serve a significant purpose in accomplishing the country's renewable energy targets, while curbing the carbon emissions of the country, boosting the economy, and providing jobs in the area.

Besides, Man Infraconstruction is expanding its renewable energy portfolio with other scheduled solar hybrid projects of 1200 MW in Maharashtra and 500 MW in Andhra Pradesh. The New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has come out strongly in support of this project in the Prakasam District of Andhra Pradesh. This project will greatly benefit from NREDCAP's provision of grid connection, land will be provided along with capacity allocation under the AP Integrated Clean Energy Policy 2024 with an investment of 2,500 crores over 2000 acres.
Man Infraconstruction continually enhances its competitive stature in the area of multi-disciplinary infrastructure development such as road, bridge, flyover, and civil works construction specialities. Focusing on quality, safety, and schedule, Man Infraconstruction is one of the key players in building India's infrastructure and sustaining economic growth.