Avonmore Capital Subsidiary Secures New Orders Worth ₹154 Crore in H1 FY27

Avonmore Capital & Management Services Limited has announced that its step-down subsidiary, Almondz Global Infra Consultant Limited (AGICL), secured new orders worth ₹154 crore during the first half of FY2026-27. The new business secured more than doubled compared with the corresponding period of the previous financial year, reflecting an increase in infrastructure consultancy assignments.

According to the regulatory filing dated October 12, 2026, AGICL secured new business worth ₹154 crore as of September 30, 2026, compared with ₹72 crore during the first half of FY2025-26. This represents year-on-year growth of approximately 114%. The subsidiary’s total order book also crossed ₹400 crore as of September 30, 2026.

AGICL New Orders to Be Executed Over Three Years

The newly secured orders are scheduled to be executed over a period of three years. The assignments cover infrastructure consultancy services across highways, bridges, railways, urban development and industrial infrastructure.

AGICL’s services include detailed project report preparation, project management consultancy, authority engineer assignments, lenders’ independent engineering and transaction advisory services. The company stated that the orders were awarded by various Central and State Government authorities, agencies and project companies as part of the subsidiary’s regular business operations.

IDCO Odisha Project Worth ₹33.15 Crore

Among the major assignments secured during the first half of FY2026-27, AGICL received a programme management consultancy mandate for various projects undertaken by IDCO in Odisha. The assignment is valued at approximately ₹33.15 crore, excluding GST, over a period of two years.

According to the press release, the assignment represents the highest-value sole bid won by AGICL to date. The project adds to the subsidiary’s infrastructure consultancy portfolio and contributes to its overall order inflow during the reporting period.

West Central Railway Assignment Worth ₹21.23 Crore

AGICL also secured an authority engineer assignment valued at ₹21.23 crore for Mission 3000 MT traction power works under West Central Railway. The project forms part of the railway infrastructure assignments contributing to the subsidiary’s new business during the first half of the financial year.

The order expands AGICL’s presence in railway-related infrastructure consultancy and engineering services.

Maharashtra River Conservation Project Worth ₹15 Crore

Another assignment involves the Kulgaon Badlapur Municipal Council in Maharashtra. AGICL secured a mandate for preparing detailed project reports and providing project management consultancy for the conservation of the Ulhas River, along with flood control and disaster management planning.

The assignment is valued at ₹15 crore. The project covers river conservation and related planning activities aimed at addressing flood management and disaster preparedness requirements.

Southern Railway Project Worth ₹12.13 Crore

The subsidiary also secured a project supervision services assignment valued at ₹12.13 crore for the Tindivanam–Nagari new broad-gauge railway line under Southern Railway.

The assignment adds to AGICL’s railway infrastructure-related work and forms part of the new orders reported during the first half of FY2026-27.

AGICL Revenue Rises to ₹54 Crore in H1 FY27

AGICL reported revenue of ₹54 crore during the first half of FY2026-27, compared with ₹48 crore in the corresponding period of FY2025-26. This represents an increase of 12.5% year-on-year.

During the same period, new business secured increased from ₹72 crore to ₹154 crore, marking growth of approximately 114%. The subsidiary’s total order book crossed ₹400 crore as of September 30, 2026, providing visibility into the work available for execution over the coming years.

The difference between order inflow growth and revenue growth reflects the distinction between securing new contracts and recognising revenue as projects progress. The newly awarded assignments are expected to contribute to revenue over their respective execution periods.

Management Highlights Order Book Visibility

The company stated that the expanded order book provides multi-year visibility for project execution and revenue generation. Management indicated that AGICL would focus on mobilising the newly awarded assignments on schedule, maintaining timely project delivery and developing its future project pipeline.

The subsidiary also identified potential growth opportunities in infrastructure segments such as ports, airports and metro projects. Its stated priorities include maintaining execution standards and converting the existing order pipeline into completed projects.