A Study on Economic Value Added and Market Value Based on the Infrastructure Sector of Indian Listed Companies

DOI

10.2991/978-94-6239-685-2_20How to use a DOI?

Keywords

Infrastructure; Economic value added; Merger; Acquisition; synergies

Abstract

Merger and Acquisition activity is a strategic vehicle within the organization to improve efficiency, profitability, and liquidity of the company. In recent years, the merger and Acquisition become an integral part of the organization’s growth strategy. Mergers and acquisitions require proper strategic planning and execution to achieve the expected synergistic and financial gains. The purpose of the study is to investigate whether market performance and economic value addition significantly improve post-acquisition. The infrastructure sector, crucial for the development of the country economically as well as socially, the study focusses on the infrastructure sector. The sample companies are Indian listed infrastructure sector companies within the financial year 2012 – 2020. This study is divided into two parts, one related to market-based measures and the other to value-based measures. The study concludes that in the infrastructure sector, mergers and acquisitions can serve as a strategic tool as the substantial value gain is expected only if the firm-wise integration cost is managed correctly and the financial strength is increased. While the rewards may not be immediate, the long-term benefits are substantial. The infrastructure sector is poised to experience growth, stability, and value creation, which ultimately strengthens the company and creates wealth for stakeholders.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Kinjal Joshi
AU  - Riya Mehta
PY  - 2026
DA  - 2026/05/26
TI  - A Study on Economic Value Added and Market Value Based on the Infrastructure Sector of Indian Listed Companies
BT  - Proceedings of the International Conference on Infrastructure Development and Sustainability (ICIDS 2025)
PB  - Atlantis Press
SP  - 369
EP  - 381
SN  - 3005-155X
UR  - https://doi.org/10.2991/978-94-6239-685-2_20
DO  - 10.2991/978-94-6239-685-2_20
ID  - Joshi2026
ER  -