Powered by: Motilal Oswal
2025-01-16 01:42:27 pm | Source: Accord Fintech
Garuda Construction climbs on winning order worth Rs 1087.34 crore

Garuda Construction & Engineering is currently trading at Rs. 131.00, up by 8.15 points or 6.63% from its previous closing of Rs. 122.85 on the BSE.

The scrip opened at Rs. 126.55 and has touched a high and low of Rs. 135.95 and Rs. 124.90 respectively. So far 133673 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 153.50 on 08-Jan-2025 and a 52 week low of Rs. 76.02 on 22-Nov-2024.

Last one week high and low of the scrip stood at Rs. 136.70 and Rs. 116.10 respectively. The current market cap of the company is Rs. 1208.61 crore.

Garuda Construction and Engineering (Garuda) has won an order of Rs 1087.34 crore from Gorakhpur Development Authority - a department of the Government of Uttar Pradesh. The company would build a state-of-the-art International Convention Centre - spread over 24 lakh square feet, with a seating capacity of 5000. Located near Ramgadh Jheel Champadevi Park, the project will also offer the development of adjacent land parcels for commercial and residential use. This addition contributes to the company's robust order book of Rs 2,830 crore, demonstrating its growing market presence across diverse and specialised construction segments.

The company has built an impressive portfolio spanning critical infrastructure sectors, from public sector undertakings (PSUs) to private developments. Its expertise encompasses sustainable hydro projects, premium residential complexes, urban infrastructure development, hospitality projects, and renewable energy initiatives. Recent contract wins in road construction, urban development, and industrial estates demonstrate the company's technical excellence and ability to execute complex, large-scale projects within stipulated timelines.

Garuda Construction and Engineering is civil construction and engineering company based in Mumbai. It provides end to end civil construction for residential, commercial, residential cum commercial, infrastructure and industrial projects.

 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here