₹180 Cr Acquisition of MCPL By Dec 2024

1) Annapurna Swadisht Limited

• Business Overview – Annapurna Swadisht Ltd, incorporated in 2016, is a manufacturer of food products, specializing in snacks like Fryums, cakes, candies, namkeen, chips, and Gohona Bori. The company sources premium raw materials, such as refined flour, palm oil, and spices, from reputable local suppliers to ensure high product quality. As a Bharat FMCG company, Annapurna Swadisht is a dominant player in rural areas, leveraging its unique ₹5 price point.
• Recent Filings – The Company will acquire 100% of Madhur Confectioners Private Limited (MCPL) for up to ₹180 crores, expected to be completed by December 31, 2024. This acquisition will make MCPL, known for its confectionery products, a wholly owned subsidiary, helping the Company enter the Indian confectionery market and expand operations.
• Outlook –
• The company plans to enhance margins through expanded manufacturing capacities, cost control, and optimized logistics. With new operations in Gurap and Dhulagarh, they are focusing on a broader product range and improved operational leverage. Continued expansion into new states, including Uttar Pradesh, and investment in distribution efficiency are also key priorities.
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2) AVP Infracon Limited

• Business Overview – AVP Infracon incorporated in 2009, specializes in a wide range of construction projects including infrastructure development works, complex projects like highways, flyovers, bridges, irrigation projects, urban development, hospitals, warehouses, and commercial/residential projects. Their expertise spans from construction to renovation and decoration of various types of structures.
• Recent Filings – The company has secured two sub-contracts from CDR & Co Constructions for the Tamil Nadu State Highways Department. The first contract, valued at Rs 23.6 crore, involves constructing a bypass for Bagalur town along NH 207. The second, valued at Rs 47.20 crore, covers widening and strengthening the Kallakurichi-Tiruvannamalai Road (SH-6) to four lanes, including infrastructure enhancements.
• Outlook –
• The management has projected a revenue of 250 Crores for FY25 and 500 Crores for FY26.
• The management has forecasted a new order inflow of 400-500 Crores for FY25, excluding joint ventures.
• The PAT margin is expected to stay consistent with FY24, at 11%.
• The company aims to diversify into irrigation, warehouse, and multistorey building sectors, though the majority of its revenue will continue to come from road projects.
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3) Insolation Energy Limited

• Business Overview – Insolation Energy Limited is a leading solar energy provider in India, equipped with a state-of-the-art, fully automated solar PV module manufacturing facility in Jaipur. The company’s product portfolio includes both Poly and Mono crystalline modules, as well as innovative products like Twin Power, Dual Glass (Glass to Glass), BIPV, Poly, Mono, and Mono PERC. These solar PV modules are recognized for their high efficiency, superior power generation, and unique technical benefits across a range of applications.
• Recent Filings – The company’s wholly owned subsidiary, Insolation Green Energy Private Limited, has secured a purchase order valued at INR 34.2 Cr for the supply of 25 MW Solar PV Modules (545WP SPV Panels) from Rays Green Energy Manufacturing Private Limited. This order is scheduled to be fulfilled within FY25.
• Recent Outlook –
• The company plans to double their consolidated revenue by FY2025.
• The company have further expansion plans of taking their solar panel manufacturing capacity to 3000 MW and Aluminium Frame Manufacturing Capacity to 6000 metric ton per annum.
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