Real estate company secures contract with TCS and Expands portfolio with acquisition of land worth Rs 80 crore in Pune
The stock gave multibagger returns of 135 per cent in 1 year, 3,315 per cent in 3 years and a whopping 4,075 per cent in 5 years.
EFC (I) Limited Secures Design And Build Contract With Tata Consultancy Services (TCS)
EFC Limited has successfully secured a significant Design and Build contract with Tata Consultancy Services (TCS), a global leader in IT services. This new contract builds upon a previous successful project for TCS, demonstrating their continued trust in EFC's capabilities. The scope of the project includes comprehensive design and build services, such as fit-out works, MEP (Mechanical, Electrical, and Plumbing) services, testing, and commissioning. This contract solidifies EFC's position as a leading provider of integrated design and construction solutions, showcasing its expertise in managing large-scale projects with precision and excellence.
EFC (I) Limited Expands Portfolio With New 49,556 Sq. Ft. Acquisition In Pune Worth Over Rs 80 Crore
EFC Limited has made a significant strategic move by entering into a Letter of Intent (LOI) for the acquisition of a prime property in Pune, India. The property, spanning 49,556 square feet and offering a seating capacity of over 1,500, is strategically located within the city. This acquisition represents a major milestone in EFC Limited's expansion of its serviced office portfolio, reinforcing its leadership position in the managed office sector across India. The new property will play a crucial role in enhancing EFC Limited's market position and delivering exceptional facilities and services to its clients. This strategic investment aligns with the company's commitment to operational excellence and market leadership, ensuring that it remains at the forefront of the industry.
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About the Company
EFC (I) Ltd, established in 1984, offers a range of real estate services, including office space leasing, co-working solutions, and turnkey projects. With over 20,000 seats available, their enterprise solutions cater to various industries. Their services aim to provide affordable and efficient workspace options for freelancers, startups, SMEs, and larger corporations, while also offering equipment rentals and design services.
The company has a market cap of Rs 2,624.5 crore. The shares of the company saw a spurt in volume by more than 2.34 times on BSE. The stock gave multibagger returns of 135 per cent in 1 year, 3,315 per cent in 3 years and a whopping 4,075 per cent in 5 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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