Kesar Infraventures Private Limited, a wholly-owned subsidiary of Kesar India Limited , has secured a major Engineering, Procurement, and Construction (EPC) contract worth approximately ₹160 Crore. The contract was awarded by M/s Zee Enterprises for a large-scale residential development project located at Siddharth Nagar, Byculla in Central Mumbai. The agreement was finalized on May 21, 2026, marking a significant milestone in the group's infrastructure vertical.

Contract Details

The key parameters of the newly secured EPC contract are outlined below:

Project Scope

The project involves the execution of residential towers along with allied infrastructure and amenities. The scope of work encompasses RCC construction, internal and external development works, electrical systems, plumbing, firefighting systems, roads, drainage, landscaping, and associated infrastructure facilities. The project is expected to be executed over an estimated timeline of 24 months.

Strategic Significance

Sachin Gopal Gupta, Managing Director of Kesar India Limited, stated that securing a sizeable project in Central Mumbai adds an important milestone in building a strong infrastructure and EPC platform. The management believes the infrastructure and EPC segment will emerge as a strong long-term growth vertical for the group alongside its core real estate business. This contract strengthens Kesar Group's presence in the high-value redevelopment corridor of Mumbai.

Kesar India Limited has officially announced a major expansion of its development pipeline through a regulatory filing under Regulation 30, marking a significant milestone in the company's growth trajectory. The comprehensive expansion encompasses projects with substantial scale and long-term execution visibility.

Official Press Release Details

The company filed the press release with BSE Limited on April 10, 2026, under Script Code 543542. The announcement represents a strategic shift from short-term acquisition models to building a structured and sustainable development pipeline with 3-5 years of execution visibility.

Strategic Development Portfolio

The development pipeline spans 29 projects across residential, mixed-use, and large-format developments with an estimated developable area of 12.24 million square feet. The company estimates total project investments exceeding ₹2,000 crore, to be deployed in a phased and disciplined manner aligned with execution milestones.

Management Commentary

Commenting on the development, Mr. Sachin Gopal Gupta, Managing Director, stated: "The strategic acquisitions reflect our intent to build a long-term, scalable platform rather than operate on a project-to-project basis. By strengthening our land bank at this stage, we are laying the foundation for sustained growth while insulating the business from land price volatility and cyclical supply constraints."

Future Growth Prospects

Beyond the announced pipeline, Kesar India Limited is in advanced stages of evaluating further opportunities with an estimated potential GDV of over ₹4,000 crore. These opportunities are subject to due diligence, regulatory approvals, and execution of definitive agreements, reflecting the company's continued focus on strengthening its future growth runway.

Company Profile

Kesar India Limited, formerly known as Kesar India Private Limited and Kesar Impex (India) Private Limited, is a Nagpur-based real estate development company with over four decades of legacy. The company operates under the "Kesar Lands" brand and was ranked 6th in India for year-over-year revenue growth according to Hurun Real Estate 150, 2025.