Meghna Infracon rises on receiving OC for redevelopment project in Goregaon West
Meghna Infracon Infrastructure is currently trading at Rs. 738.95, up by 5.00 points or 0.68% from its previous closing of Rs. 733.95 on the BSE.
The scrip opened at Rs. 744.00 and has touched a high and low of Rs. 748.80 and Rs. 730.00 respectively. So far 33653 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 818.70 on 05-Jun-2026 and a 52 week low of Rs. 470.10 on 07-Oct-2025.
Last one week high and low of the scrip stood at Rs. 764.95 and Rs. 715.00 respectively. The current market cap of the company is Rs. 1605.28 crore.
The promoters holding in the company stood at 47.01%, while Institutions and Non-Institutions held 7.98% and 45.01% respectively.
Meghna Infracon Infrastructure has received the Occupation Certificate (OC) for Riviera, its premium redevelopment project in Goregaon West, Mumbai. The company secured the OC of the project in just 16 months from the receipt of the First Commencement Certificate (CC) and has commenced handing over homes to residents. The milestone underscores Meghna Realty's execution capabilities in Mumbai's redevelopment sector, where timely delivery remains a key differentiator.
Spread across approximately 40,000 sq. ft., Riviera comprises a Ground + 9-storey residential building. With the project's completion, more than 35 families have taken possession of their new homes, marking another successful redevelopment delivered by Meghna Infracon Infrastructure.
The timely completion of Riviera reflects Meghna Infracon Infrastructure’s focus on meticulous planning, disciplined project execution, construction quality, and transparent engagement with residents throughout the redevelopment process. Delivering projects within accelerated timelines while maintaining quality standards has become increasingly important in Mumbai's redevelopment landscape, where homeowners place significant value on execution certainty and timely possession.
