Globe Civil Projects Secures Multiple Construction Contracts Worth Over Rs. 17 Crore

Globe Civil Projects Limited , a prominent player in the construction sector, has announced significant new project wins. The company has secured multiple contracts with a combined value of over Rs. 17 crore, strengthening its position in the institutional infrastructure segment.

NIT Delhi Sports Complex Project

Globe Civil Projects has received a letter of intent for a contract valued at Rs. 13.11 crore from Telecommunications Consultants India Limited (TCIL).

Project Details

The project involves the construction of a Sports Complex at the National Institute of Technology (NIT) Delhi. In addition to the construction work, the scope includes the supply, execution, testing, and commissioning of 11 KV HT electrical work at the institute.

Contract Specifics

Item:	Detail
Contract Value:	Rs. 13,11,49,432
Awarding Entity:	Telecommunications Consultants India Limited
Nature of Contract:	EPC-II Basis (Engineering, Procurement, and Construction)
Project Duration:	12 months
Location:	National Institute of Technology Delhi

GGSIPU Indoor Sports Complex Project

The company has secured another significant contract for an indoor sports complex at Guru Gobind Singh Indraprastha University (GGSIPU) in New Delhi.

Project Details

Globe Civil Projects received a Letter of Award worth Rs. 2,37,44,655 for the construction of indoor sports complex at GGSIPU, Sector 16C, Dwarka, New Delhi. The project specifically involves providing and fixing flooring, light fixtures and allied works.

Contract Specifics

Item:	Detail
Contract Value:	Rs. 2,37,44,655
Estimated Cost:	Rs. 2,37,94,624
Awarded At:	0.21% below estimated cost
Project Duration:	45 days
Location:	Guru Gobind Singh Indraprastha University, Sector 16C, Dwarka, New Delhi
Performance Guarantee:	Rs. 11,87,233
Nature of Contract:	BOQ - Bill of Quantities

Management Commentary

Mr. Vipul Khurana, Managing Director of Globe Civil Projects Limited, expressed satisfaction with the latest order win. He stated that the company is pleased to receive this order from Guru Gobind Singh Indraprastha University, which reinforces their continued presence in the institutional and sports infrastructure segment. He emphasized that projects of this nature align well with the company's core execution capabilities in finishing, MEP and allied works.

Additional Information

According to the company's filing with the stock exchanges regarding both projects:

The contracts have been awarded by domestic entities
The projects do not involve any related party transactions
Neither the promoter nor the promoter group or group companies have any interest in the awarding entities

For the GGSIPU project, the company is required to submit a performance guarantee of Rs. 11,87,233 within 7 days of the letter issuance, with a maximum extension of 7 days allowed with a late fee of 0.1% per day.

These new projects align with Globe Civil Projects' expertise in construction and infrastructure development. With over two decades of experience as an integrated EPC company, Globe Civil specializes in institutional, social infrastructure, public buildings, airports, railway terminals, healthcare facilities and sports infrastructure. The company's ability to secure contracts from reputable institutions demonstrates its strong market position and execution capabilities.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.38%	+0.73%	-2.74%	-36.79%	-36.79%	-36.79%

Globe Civil Projects Limited has announced a significant new contract, further solidifying its position in the infrastructure sector. The company has received a Letter of Intent valued at ₹13.11 crore from Telecommunications Consultants India Limited (TCIL) for a project at the National Institute of Technology (NIT) Delhi Campus.

Project Details

The project scope includes:

Construction of a Sports Complex
Supply, Erection, Testing & Commissioning of 11 KV HT Ring Main
To be executed on an EPC-II basis

Management Commentary

Mr. Ved Prakash Khurana, Chairman and Whole-time Director of Globe Civil Projects Limited, commented on the new order: "This order from TCIL reinforces the company's reputation as a trusted partner in delivering complex EPC projects within the educational and institutional infrastructure segment. By adding a technically advanced and time-bound EPC project to its portfolio, the company not only expands its execution pipeline but also builds deeper engagement with government-linked clients such as TCIL."

Strategic Implications

The new contract aligns with Globe Civil Projects' strategy of:

Securing high-quality, funded projects
Enhancing order book visibility
Improving cash flow stability
Reinforcing its reputation for delivering complex infrastructure solutions

Company Background

Globe Civil Projects Limited is an integrated engineering, procurement, and construction (EPC) company headquartered in New Delhi. The company has a growing presence across eleven states in India and specializes in:

Transport & Logistics infrastructure
Social & Commercial infrastructure
Premium Commercial and Residential Developments

The company has a strong track record in constructing railway infrastructure and educational institution buildings. It has also diversified into complex and specialized projects such as railway bridges, elevated railway terminals, airport terminals, and hospitals.

Recent Milestone

Globe Civil Projects Limited recently marked a significant milestone with its successful Initial Public Offering (IPO) of ₹119.00 crore. The company listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), positioning itself for the next phase of growth in India's infrastructure sector.

This latest contract from TCIL further demonstrates the company's growing reputation and capabilities in the EPC sector, particularly in educational and institutional infrastructure projects. As Globe Civil Projects continues to secure such high-profile contracts, it strengthens its position in the competitive infrastructure development landscape of India.