PVV Infra Limited

Executes civil infrastructure and wayside amenity projects on Indian national highways, with all of its FY26 revenue coming from the Infrastructure segment. For FY26, it reported revenue of Rs 56.65 crore and segment EBIT of Rs 8.41 crore, while its Solar, EVtech, Steel Trading and Housing subsidiaries recorded nil income. Recent business activity centres on NHAI-linked Wayside Amenities (WSA): it received two Letters of Award from NHLML (a 100% SPV of NHAI) for developing, operating and maintaining WSA sites at Dabra on NH-44 and Dhanodiya on NH-752D in Madhya Pradesh on a DBOT basis, with a combined annual lease rent of about Rs 2.49 crore. It also signed a strategic collaboration with Reliance BP Mobility Limited to develop a WSA site at Kokpara, Jharkhand on NH-49, covering roughly 8,871 sqm on a BOT licence model with a 29-year lease and 8-year lock-in, and has bid for four more WSA sites in Andhra Pradesh and Uttar Pradesh. The company has adopted a new logo reflecting three planned verticals: Solar Energy, WSA Infrastructure and Real Estate Development, though only infrastructure is currently contributing. Quarterly infrastructure revenue ramped up across FY26 from Rs 7.83 crore in Q1 to Rs 21.64 crore in Q4. Materials are the dominant cost at 74.7% of revenue, consistent with civil construction work.