A2Z Infra Engineering (formerly known as A2Z Maintenance & Engineering Services Limited) is an EPC company service provider in power transmission and distribution sector with focus on distribution. It is also into renewable energy generation with its bio-mass based power plants in Punjab, collaborating with the sugar mills there. The company was in the limelight in mid-April after it announced that it has received an order from the U.P Rajkiya Nirman Nigam Limited (a State Government Undertaking), for the construction of GIS GRID sub-station on Turnkey Basis (Survey, Design, Civil Work, Installation, Testing & Commissioning) in Noida. The order was worth Rs.101 crore and to be executed within 15 months from the date of issue of order.

The company posted a turnaround in Q4FY16 with a net profit at Rs.6.5 crore though all its verticals posted a loss at EBIT levels. Net sales, QoQ rose 30% and 5.5 times (YoY) at Rs.349 crore. Other income of Rs.18 crore went a long way in posting this turnaround. It ended FY16 with a net sales at Rs.1347 crore, up 128% and ended the fiscal with a net loss at Rs.133 v/s loss of Rs.209 crore in FY15.

This company, when it had gone public, the star attraction was the anchor investor – Rakesh Jhunjhunwala. Since then the fundamentals of the company have only deteriorated and Jhunjhunwala has now quit completely. In May 2012, he held 23.19%, most of which he had acquired in 2006 at a mere Rs.14/share.