GARUDA Receives ₹1,416 Crore Work Order for 'Powai Heights' Project
Garuda Construction and Engineering Limited has been awarded a ₹1,416 crore work order for the 'Powai Heights' residential complex project in Mumbai, increasing their total order book to ₹4,876.78 crore.
The new order represents a substantial addition to the company's order book, suggesting potential revenue growth and business expansion. The project duration is 60 months, indicating a sustained impact over the medium term.
The announcement highlights a significant new work order for the company, which positively impacts revenue and order book size.
* Garuda Construction and Engineering Limited received a work order worth approximately ₹1,416 crore (inclusive of GST and all applicable taxes) from Sumer Corporation. * The order is for civil works of development and construction of a high-end residential complex named “Powai Heights” at Chandivali, Taluka Ghatkopar, Mumbai. * The contract is an EPC Agreement. * The order is domestic. * The project is to be executed over a period of 60 months as per the agreement terms. * The company's total order book stands at ₹4,876.78 crore (approx.) as of the announcement date.
What to do with a filing like this
Garuda Construction and Engineering Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Garuda Construction and Engineering Limited. Read the original for the full detail.