In a significant milestone for India’s prefabricated construction sector, Epack Prefab Technologies (EPACK) has secured a major INR 130 crore contract from Avaada Ventures for developing a glass factory project in Butibori, Nagpur, Maharashtra. The order underscores EPACK’s growing dominance in the industrial and infrastructure construction space, further strengthening its already robust order pipeline.
Epack Prefab Contract Details and Scope
According to EPACK’s exchange filing, the purchase orders were issued on 13 October 2025 and executed on 24 October 2025. The total order value, inclusive of GST, stands at INR 1,29,94,90,685.
The project scope includes the design, fabrication, supply, and erection of a pre-engineered steel building (PEB) for Avaada’s upcoming glass manufacturing facility. The orders have been classified as material under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, highlighting their significance to the company’s operations. The regulatory disclosure was signed by Mr. Sanjay Singhania, Managing Director and CEO of EPACK Prefab Technologies.
Strategic Significance
Avaada Ventures, a major player in India’s renewable energy and green technology ecosystem, is reportedly establishing this glass factory as part of its backward integration into solar panel manufacturing. While EPACK has not explicitly confirmed this link, the project’s strategic nature could open new opportunities for the company within the green energy infrastructure segment, aligning well with India’s industrial decarbonization goals.
The contract further strengthens EPACK’s foothold in industrial, warehousing, and infrastructure construction, showcasing its end-to-end capabilities—from engineering design to on-site erection.
Financial Strength and Performance
This order comes on the heels of a stellar financial performance by EPACK Prefab in Q2 FY26, where the company reported a two-fold increase in consolidated net profit to INR 29.46 crore, compared to INR 14.42 crore in the corresponding quarter of the previous fiscal year.
Total income for the quarter surged 61% year-on-year, reaching INR 436.72 crore, up from INR 270.82 crore in Q2 FY25.
For H1 FY26, the company posted a profit after tax (PAT) of INR 45.4 crore, marking a 64% year-on-year rise, with total income at INR 734.6 crore—a clear reflection of the demand momentum in prefabricated construction solutions. EBITDA for the first half of the fiscal year improved 46% YoY to INR 80.9 crore, driven by operational efficiency and capacity utilization gains.
Following its NSE and BSE listing on 1 October 2025, Epack Prefab reported strong liquidity, with operating cash flow turning positive at INR 83 crore, compared to a negative INR 14 crore in the same period last year. The company also utilized part of its INR 504 crore IPO proceeds to repay INR 61.3 crore in term loans, reducing its leverage and bolstering its balance sheet.
Credit Rating and Market Reaction
Reflecting its strengthening fundamentals, ICRA recently upgraded EPACK Prefab’s credit rating to A+, citing its healthy order book, prudent financial management, and strong market positioning.
Following the announcement of the Avaada Ventures order, EPACK’s shares surged sharply, closing nearly 20% higher at INR 278 on 24 October 2025, after touching a 52-week high of INR 278 during intraday trade. The stock has now gained over 34% in the last two trading sessions, driven by investor optimism around its expanding project portfolio and strong earnings visibility.
Order Book and Outlook
With the new contract addition, Epack Prefab’s order book now stands at approximately INR 1,015 crore, up from INR 655.6 crore reported at the end of H1 FY26. The company’s prefab division continues to be the primary revenue driver, contributing over 90% of total sales, supported by ongoing projects across industrial, cold storage, data center, and warehousing segments.
EPACK Prefab’s focus on sustainable, modular, and cost-efficient construction solutions positions it well to capitalize on India’s ongoing infrastructure and manufacturing expansion. The company is also exploring capacity augmentation through a new sandwich panel line at its Mambattu plant in Andhra Pradesh, further scaling production to meet future demand.
Conclusion
Epack Prefab Technologies’ INR 130 crore contract win from Avaada Ventures marks another defining moment in its growth journey. Buoyed by a strong financial performance, improved credit profile, and an expanding order book exceeding INR 1,000 crore, the company stands poised to play a pivotal role in India’s industrial and green energy infrastructure transformation.
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