Goel Construction Secures ₹63.50 Crore Order from Ambuja Concrete North
Goel Construction Company Limited has won a ₹63.50 crore contract from Ambuja Concrete North Private Limited for constructing a grinding unit in Naulatha. The project includes building plant and non-plant structures, silos, and roads. The contract is set to be completed within 9 months and is not a related party transaction. This order strengthens Goel Construction's position in the Indian infrastructure sector.
*this image is generated using AI for illustrative purposes only.
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 Component | Description |
|---|---|
| Plant Buildings | Construction of main operational structures |
| Silos | Building of storage facilities |
| Non-Plant Buildings | Construction of auxiliary structures |
| Roads | Development of internal road network |
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.
Historical Stock Returns for Goel Construction Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.02% | +7.47% | +0.08% | +2.64% | +2.64% | +2.64% |
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