BSECompany Update28 Sept 2026 · 28 Sept 2026, 08:14 am
Please find enclosed herewith Press Release titled "MICL unlocks Rs. 6,000+ Crores overall revenue potential from Marine Lines Project and Recoups Rs. 300+ Crores Investment through Landmark Collaboration with Godrej Properties Group".
Man Infraconstruction Ltd · 533169
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Man Infraconstruction Ltd has partnered with Godrej Properties Group for the development of its upcoming sea-facing residential project at Marine Lines in South Mumbai, unlocking Rs. 6,000+ crores overall revenue potential and recouping Rs. 300+ crores investment.
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Man Infraconstruction Ltd - 533169 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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EPC REAL ESTATE
MAN INFRACONSTRUCTION LIMITED
(CIN: L70200MH2002PLC136849)
Date: September 28, 2026
To, To,
The Listing Department
The Corporate Relationship Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex, P. J. Towers, Dalal Street,
Bandra (East), Mumbai - 400 051 Mumbai - 400 001
Symbol: MANINFRA Scrip Code: 533169
Sub.: Press Release - Disclosure under Regulation 30 of the SEBI (Listing Obligation and
Disclosure Requirements) Regulations, 2015
Dear Madam/ Sir,
Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015, please find enclosed herewith Press Release titled "MICL unlocks
1'6,000+ Crores overall revenue potential from Marine Lines Project and Recoups
1'300 + Crores Investment through Landmark Collaboration with Godrej
Properties Group".
The copy of the same is enclosed herewith for your records. The same will also be placed on
the Company's website.
Kindly take the same on records.
Thanking you,
Yours faithfully,
For Man Infraconstruction Limited
Durgesh Dingankar
Company Secretary
Membership No.: F7007
Encl.: As above
L I E B E T T E R
J2•h Floor, Krushal Commercial Complex, G.M. Road, Chemb~r (West), Mumbai - 400 ~89, India ~~
D +91 22 4246 3999 111 office@maninfra.com I LI www.m1clgroup.com I www.man1nfra.com C!]~
MAN INFRACONSTRUCTION LIMITED
(CIN: L70200MH2002PLC136849)
.egami
detareneg-IA
MODERN GRANDEUR MEETS MARINE LINES
COMMANDING ELITE STATUS BY SEA
MARINE LINES, SOUTH MUMBAI
MAN INFRACONSTRUCTION LIMITED
(CIN: L70200MH2002PLC136849)
P R E S S R E L E A S E
MICL UNLOCKS ₹6,000+ CRORES OVERALL
REVENUE POTENTIAL FROM MARINE LINES
PROJECT AND RECOUPS ₹300+ CRORES
INVESTMENT THROUGH LANDMARK
COLLABORATION WITH
GODREJ PROPERTIES GROUP
MICL Group and Godrej Properties Group Enter into a Landmark Collaboration
to Create an Iconic Sea-Facing Residential Development at Marine Lines in
South Mumbai
Mumbai, 28th September 2026: Man Infraconstruction Limited (MICL), one of
Mumbai's leading luxury real estate developers, is pleased to announce a landmark
collaboration with Godrej Properties Group (Godrej) for the development of its
upcoming sea-facing residential project located at Marine Lines, South Mumbai.
As part of this transaction, MICL which was earlier the Development Manager for the
project has now partnered with Godrej for the development of the project. The
development rights jointly held by MICL and Shreepati Group have now been
transferred to Godrej. The collaboration marks a defining milestone for MICL Group.
This will benefit MICL through a revenue sharing arrangement with Godrej.
The project overall revenue potential is estimated at Rs. 6,000+ crores. Spread across
approximately 2.5 acres the project is located in the heart of Marine Lines, offering
views of the Arabian Sea and enjoys excellent connectivity through the Mumbai
Coastal Road, upcoming Metro network and the Atal Setu corridor, making it one of
South Mumbai's most coveted residential addresses.
MAN INFRACONSTRUCTION LIMITED
(CIN: L70200MH2002PLC136849)
MANAGEMENT COMMENTARY
Mr. Manan Shah, Managing Director, MICL Group, said:
The Marine Lines project in South Mumbai has always been one of
the most prestigious opportunities in our portfolio. The transaction
with Godrej unlocks the project's full potential and marks an
important milestone in MICL's journey. The early realisation of cash flows from the
project will provide MICL with greater financial flexibility to pursue new
development opportunities and expand its presence in Mumbai. MICL will
continue to benefit from the project through an agreed revenue-sharing
arrangement. Over and above, MICL Group will recoup its existing investment in
the project to the tune of ₹300+ crore. The project will also be jointly branded as
part of the collaboration.
12th Floor, Krushal Commercial Complex, G.M. Road, Chembur (West), Mumbai - 400 089, India
T +91 22 4246 3999 E office@maninfra.com W www.miclgroup.com | www.maninfra.com
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MAN INFRACONSTRUCTION LIMITED
(CIN: L70200MH2002PLC136849)
CONTACT DETAILS:
MAN INFRACONSTRUCTION LIMITED
Mr. Yashesh Parekh
D.G.M. – Investor Relations &
Corporate Finance
Email: yashesh@maninfra.com
Mob: +91 8108321555
www.maninfra.com
ABOUT
MAN INFRACONSTRUCTION LIMITED
ManInfra (NSE - MANINFRA, BSE – 533169) is headquartered in Mumbai having two business verticals viz., EPC
(Engineering, Procurement and Construction) and Real Estate Development. ManInfra has six decades of
experience in EPC business and strong execution capabilities in Ports, Residential, Commercial & Industrial and
Road construction segments with projects spanning across India. As a Real Estate Developer, ManInfra Group
has delivered multiple Residential projects in Mumbai and is recognized for its superior quality construction
and timely project delivery. The Company has extensive experience in construction management and has
inherent skills and resources to develop and deliver Real estate projects. For more information, please visit
www.maninfra.com
SAFE HARBOR:
Any forward-looking statements about expected future events, financial and operating results of the Company
are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements
are subject to risks and uncertainties. Actual results might differ substantially or materially from those
expressed or implied. Important developments that could affect the Company’s operations include a
downtrend in the industry, global or domestic or both, significant changes in political and economic
environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations,
technological changes, investment and business income, cash flow projections, interest, and other costs. The
Company does not undertake any obligation to update forward-looking statements to reflect events or
circumstances after the date thereof.
Enquiry: sales@miclgroup.in