Globe Civil Projects wins ₹1.20 Cr order from Central University of Punjab
Globe Civil Projects Ltd has won a ₹1.20 Cr order from the Central University of Punjab to provide and fix FRP screens in the Aryabhata Academic Block. The project is scheduled for completion within 120 days at the university's Bathinda campus. The company confirmed there are no related party interests involved in the transaction.
*this image is generated using AI for illustrative purposes only.
Globe Civil Projects has secured a new order worth ₹1.20 Cr from the Central University of Punjab for the supply and installation of Fiber Reinforced Polymer (FRP) screens. The project involves providing and fixing these screens in the Aryabhata Academic Block at the university's campus in Bathinda, Punjab. The company has received the Letter of Acceptance for this work, which is classified as a domestic order under a Book Order Quantity (BOQ) contract.
Project Details
The order was awarded by the Central University of Punjab, a domestic entity. The terms and conditions of the contract will be applicable in accordance with the tender document. The company confirmed that the promoter, promoter group, or group companies have no interest in the entity awarding the order, and the transaction does not fall within related party transactions.
Key Contractual Information
| Particulars | Details |
|---|---|
| Name of Entity | Central University of Punjab |
| Nature of Order | BOQ - Book Order Quantity |
| Location | VPO Ghudda Bathinda (Punjab) – 151401 |
| Period of Completion | 120 Days |
| Project Value | ₹1.20 Cr |
The disclosure was made to the National Stock Exchange of India Ltd and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted by Vineet Rattan, Company Secretary and Compliance Officer of Globe Civil Projects Limited.
Historical Stock Returns for Globe Civil Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.35% | -2.49% | -10.88% | -16.88% | -54.33% | -57.68% |
How will this new order impact Globe Civil Projects' revenue growth for the current fiscal year?
Does this contract indicate a growing demand for FRP screens in the educational infrastructure sector?
Will the 120-day completion timeline require the company to allocate additional resources or hire temporary staff?
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