Goel Construction Company Limited has announced a significant contract win from the Adani Group, marking a notable development in the infrastructure sector. The company has secured an order worth ₹260.47 crore for civil works at the Mahan Ultra Supercritical Thermal Power Project in Madhya Pradesh.

Contract Details

The contract, awarded by the Adani Group, involves the execution of civil works for the Balance of Plant (BOP) Area of the 2x800 MW (Phase-III expansion) Mahan Ultra Supercritical Thermal Power Project. The project is located in Village Bandhaura, District Singrauli, Madhya Pradesh.

Key Points of the Order

Significance of the Contract

This order represents a substantial opportunity for Goel Construction Company Limited, showcasing its capabilities in handling large-scale infrastructure projects. The contract's size and the association with a major conglomerate like the Adani Group underscore the company's growing presence in the power sector infrastructure space.

Regulatory Compliance

In compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Goel Construction Company Limited has duly informed the BSE Limited about this material development. The disclosure adheres to the regulatory requirements, ensuring transparency for investors and stakeholders.

The company has stated that this information will also be available on its official website, further enhancing accessibility for interested parties.

As the infrastructure sector continues to see significant investments, particularly in power generation, this contract win positions Goel Construction favorably in the market. The execution of this project over the next two years will be closely watched by industry observers and investors alike.

Goel Construction Company Limited has announced a significant new contract, marking a positive development for the company's order book. The construction firm has secured a ₹63.50 crore order from Ambuja Concrete North Private Limited, demonstrating its continued growth in the infrastructure sector.

Contract Details

The newly acquired contract involves comprehensive construction work for a grinding unit in Naulatha. Here's a breakdown of the project scope:

Project Timeline and Value

• Contract Value: ₹63.50 crore (excluding taxes)
• Completion Time: 9 months from the commencement of work

Key Points

• The order is domestic in nature, reinforcing Goel Construction's position in the Indian market.
• The company has confirmed that the transaction does not fall under related party transactions.
• Promoters of Goel Construction have no interest in Ambuja Concrete North Private Limited, the entity awarding the contract.

This new order underscores Goel Construction's capabilities in handling diverse construction projects and its ability to secure contracts from established players in the concrete and cement industry. The project's scope, encompassing various aspects of industrial construction, highlights the company's comprehensive service offerings.

The timely disclosure of this information, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrates Goel Construction's commitment to transparency and corporate governance.

As the construction sector continues to play a crucial role in India's infrastructure development, contracts like these not only boost individual companies but also contribute to the broader economic growth and employment generation in the country.