NSEPress Release24 Jun 2026 · 24 Jun 2026, 12:39 pm
Press Release
Man Infraconstruction Limited · MANINFRA
✦ AI Summary▲ PositiveExpansion
Man Infraconstruction Limited has secured Intimation of Approval (IOA) for its Tardeo 2.0 project, a ₹2,000+ crore GDV project, marking a key development milestone.
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Full Announcement
Man Infraconstruction Limited has informed the Exchange regarding a press release dated Jun 24, 2026, titled MICL Group secures IOA for Tardeo 2.0, Marking Key Development Milestone for Rs. 2,000+ Crore GDV Project ".
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EPC REAL ESTATE
MAN INFRACONSTRUCTION LIMITED
(CIN: L70200MH2002PLC136849)
Date: June 24, 2026
To, To,
The Listing Department The Corporate Relationship Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Sandra 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 Group secures
JOA for Tardeo 2. 0, Marking Key Development Milestone for Rs. 2,000+ Crore GDV Project".
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
12'h Floor. Krushal commer~ial Compl_ex, G.M. Road, Chemb~r (west), Mumbai - 400 089, India ~i1·~r~
D +91 22 4246 3999 I DI off1ce@maninfra.com I IJ www.m1clgroup.com I www.maninfra.com ~~ . ~
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MAN INFRACONSTRUCTION LIMITED
(CIN: L70200MH2002PLC136849)
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MAN INFRACONSTRUCTION LIMITED
(CIN: L70200MH2002PLC136849)
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MILESTONE. MOMENTUM. MAGNITUDE.
MAN INFRACONSTRUCTION LIMITED
(CIN: L70200MH2002PLC136849)
P R E S S R E L E A S E
MICL GROUP SECURES IOA FOR
TARDEO 2.0, MARKING KEY DEVELOPMENT
MILESTONE FOR ₹2,000+ CRORES
GDV PROJECT
Mumbai, 24th June 2026: Man Infraconstruction Limited (“MICL Group”) is
pleased to announce that it has secured Intimation of Approval (IOA) for
its Tardeo 2.0 project located in South Mumbai.
Commenting on the development, Mr. Manan Shah, Managing
Director, MICL Group, said: "This milestone marks an important
milestone, in advancing Tardeo 2.0 one of our marquee South Mumbai
developments. The approval enables progression towards vacating
premises, preparation for demolition and obtaining requisite approvals
ahead of launch.
With an estimated Gross Development Value (GDV) exceeding ₹2,000
crores, the project is planned for launch in FY27.
Aggregating approximately 46,000+ sq. ft. of plot area and located at one
of South Mumbai’s most established and premium residential addresses,
the development further strengthens our presence in this strategic
micro-market. Together with Aaradhya Avaan and our Marine Lines
project, these marquee South Mumbai developments represent
cumulative GDV potential exceeding ₹8,000 crores and provide strong
visibility for our growth pipeline over the coming years."
The Tardeo 2.0 project will be developed through Man Aaradhya
Infraconstruction LLP, in which MICL Group holds about 50.5% equity
stake.
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 GO INDIA ADVISORS
Mr. Yashesh Parekh Mr. Rajat Gupta
D.G.M. – Investor Relations & Associate Vice President
Corporate Finance Email: rajat@goindiaadvisors.com
Email: yashesh@maninfra.com Mob: +91 99718 97739
Mob: +91 81083 21555 www.goindiastocks.com
www.maninfra.com
ABOUT
MAN INFRACONSTRUCTION LIMITED:
Maninfra (NSE - MANINFRA, BSE - 533169) reported consolidated Total Income of Rs. 1,231 Crores and
Net Profit of Rs. 283 Crores for the financial year ended 31st March, 2025. It is a net cash positive
company at consolidated levels as on March 2025. The company is headquartered in Mumbai
having two business verticals viz., Construction and Real Estate Development. MANINFRA is an
integrated EPC (Engineering, Procurement and Construction) company with nearly six decades of
experience and execution capabilities in Port, Residential, Commercial & Industrial and Road
construction segments with projects spanning across India. As a Real Estate Developer, MICL Group
has delivered several 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 / www.micl.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