Neueon Corporation Bags ₹25 Crore Renovation Order from Share Medical Care Foundation

Key numbers

Order Value	₹25.00 CrNew Work Order
Market Cap	₹811.41 CrGeneral Industrials
Revenue TTM	₹11.58 CrTrailing 12 Months
RSI	57.96Neutral Zone
Order from	Share Medical Care Foundation
Execution period	06 months

Key highlights

• Order value of approximately ₹25 crore for campus civil renovation works
• Contract awarded by the Hyderabad-based Share Medical Care Foundation
• Execution timeline set for completion by March 31, 2027
• Scope covers hospital, college, and other designated campus infrastructure
• Order size represents over 200% of the company's trailing twelve-month revenue

What Is the Order?

Neueon Corporation Ltd has received a formal work order for Campus Civil Renovation Works from the Share Medical Care Foundation. Valued at approximately ₹25 crore, the project encompasses the renovation of a hospital, college buildings, and various other campus facilities. The company is required to complete all deliverables by March 31, 2027, establishing an aggressive six-month execution schedule from the date of the award.

This domestic contract demonstrates the company's growing capability in the civil engineering and infrastructure renovation space, specifically within the healthcare and education sectors.

Client Profile

The contract was awarded by the Share Medical Care Foundation, a non-profit organization that manages the MediCiti Institute of Medical Sciences and MediCiti Hospital in Telangana. The foundation is dedicated to providing specialized medical education and affordable healthcare services to both rural and urban communities. By securing this mandate, Neueon Corporation is strengthening its ties with the healthcare infrastructure segment, a sector that requires specialized civil works to meet stringent institutional standards.

This partnership aligns the company's technical execution with the critical needs of large-scale charitable medical institutions.

Business Impact

This ₹25 crore order is a major milestone for Neueon Corporation, as the contract value is significantly higher than its total operating revenue of ₹11.58 crore for the trailing twelve months. The influx of this high-value order effectively triples the company's revenue visibility for the upcoming fiscal periods. Successfully executing this project within the stipulated six-month window could catalyze the company's operational turnaround and establish a track record in social infrastructure EPC.

This development is particularly relevant as the company continues its transition under new management following a historical corporate restructuring process.

Financial Context

Neueon Corporation, formerly known as Neueon Towers, has undergone a significant transformation following its successful resolution through the insolvency process. The company is now operating under a new leadership team and has recently sought shareholder approval for a capital raise of up to ₹300 crore. While the company has historically reported net losses, including a ₹305.01 crore loss TTM, the stock has witnessed a 1335% appreciation over the past year.

With 90% promoter holding and a low debt-to-equity ratio of 0.08, the company appears focused on leveraging new EPC contracts to stabilize its bottom line.

Neueon Corporation · financial snapshot

Share price	₹14.35
Market capitalisation	₹811.41
Revenue (annual)	₹15.97
Net profit (annual)	₹-326.18
P/E (TTM)	-2.66×Sector 55.38×
Promoter holding	90%-3.63% QoQ
FII holding	0%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.