In the last 5 years, Shah's assets swell by a whopping 575 percent. In the 2019 assembly elections, his property was Rs 550.62 crore.
In an interview to CNBC-TV18, Parag Shah, Managing Director of Man Infraconstruction spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Parag Shah, MD of Man Infraconstruction spoke about the new projects and the order book position of the company.
The promoter's stake currently stands at 61.5 percent in the company, says Man Infra MD Parag Shah.
The company recently won a Rs 752 crore order from Bharat Mumbai Container Terminal for Nhava Sheva Port.
The profits in Q4 of the last fiscal year were actually higher at Rs 7 crore but we had to pay the pending CSR (corporate social responsibility) donation of Rs 2 crore and make provisions for Rs 4 crore, says Parag Shah, Managing Director, Man Infraconstruction.
Man Infraconstruction's promoters, in March, bought nearly 3.27 lakh shares.
Parag Shah, MD, Man Infraconstruction, discusses company's fourth quarter earnings and future outlook.
Man Infraconstruction has entered into various EPC projects, where they have upside on real estate side with construction area of approximately 24 lakh square feet.
Midas is where one can envision ideas come to life as the institute provides the most essential ingredient of mentorship to aspiring entrepreneurs.
Market regulator Sebi has imposed a total fine of Rs 10.50 lakh on three promoters of Platinum Corporation Ltd for violating various norms, including those related to insider trading in acquiring shares.