<h1>Infrastructure developer posts stronger Q2 and H1 FY26 results; wins INR 2,085 crore HAM concession, boosts order book</h1> The company, an infrastructure developer, reported stronger Q2 and H1 FY26 consolidated and standalone financials, citing revenue, EBITDA and PAT improvements and a robust cash position with nil debt. During the quarter it entered a concession agreement with a government water agency for a INR 2,085 crore HAM project comprising two years of construction and ten years of O&M, boosting its order book to over INR 9,000 crore. Management attributes performance to operational efficiency, disciplined bidding, and capital recycling. Key legal-commercial implications include long-term concession obligations, project financing and performance risk allocation under the HAM contract.