Man Infraconstruction has received orders worth Rs 2.20 billion from Pimpri Chinchwad Municipal Corporation (PCMC) for the construction of 2,376 Residential units within the jurisdiction of PCMC under the Pradhan Mantri Awas Yojana (PMAY) Housing scheme. 

Parag Shah, Managing Director of Man Infraconstruction, said, "We are delighted to receive this work under the PMAY scheme. We believe that the construction industry will continue to grow supported by the Government's plan to transform rural/urban India through programs like Housing for All, Smart Cities and AMRUT. We will continue to participate in the construction opportunities being generated in the building space."

Shares of the company gained Rs 1.2, or 2.22%, to trade at  Rs 55.30.  The total volume of shares traded  was  40,351 at the BSE (10.11 a.m., Monday).