The company’s Order Book Doubled in 3 Months; This EPC company secured its largest work order worth Rs 1,087.84 crore, Stock Price Zoomed by 10 Per cent to Intraday High!
The stock has given returns of 27 per cent since its listing in October 2024.
The shares of the company jumped by 10 per cent on Thursday as the company secured the largest work order.
Garuda Construction and Engineering Ltd, a prominent player in the Engineering, Procurement, and Construction (EPC) sector, has announced its largest-ever order win valued at Rs 1087.34 crore. The order, secured from the Gorakhpur Development Authority, a government department of Uttar Pradesh, involves the construction of a state-of-the-art International Convention Centre.
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The project, covering 24 lakh square feet with a seating capacity of 5000, will be located near Ramgadh Jheel and Champadevi Park. It will also include the development of adjacent land parcels for commercial and residential use. This major contract adds to Garuda’s robust order book, which now totals Rs 2,830 crore, further strengthening its presence in the market across various specialised construction segments.
Garuda has built an impressive portfolio with expertise in critical infrastructure sectors, including sustainable hydro projects, premium residential complexes, urban infrastructure, hospitality, and renewable energy initiatives. The company’s recent contract wins in road construction, urban development, and industrial estates underscore its technical excellence and capability to deliver complex, large-scale projects within the prescribed timelines.
Pravin Kumar Agarwal, Managing Director and Chairman, Garuda Construction and Engineering Limited, said, “We are proud to deliver high-quality infrastructure solutions that contribute to the nation's growth. Our diverse project portfolio highlights our strength in adapting to the market's changing needs while ensuring that we remain focused on innovation, sustainability, and operational efficiency. With our current order book and expertise in delivering turnkey solutions, we can contribute significantly to India's infrastructure development.”
Notable ongoing projects undertaken by the company include the ambitious Raptinagar Township & Sports City Development project, worth Rs.704.61 crore, also making significant strides. The company is actively involved in multiple premium residential developments across Media Release Mumbai, including key Lower Parel and BKC projects. Moreover, Garuda Construction and Engineering is expanding its hospitality footprint with a boutique hotel project in Bangalore.
Garuda Construction and Engineering Limited is a trusted name in India's construction sector. It specialises in turnkey EPC solutions and has expertise in residential, commercial, infrastructure, and renewable energy projects. Through sustainable and innovative construction practices, the company has established itself as a reliable partner in nation-building.
Garuda Construction and Engineering has a market capitalisation of Rs 1,211 crore and is currently trading at Rs 130. The company has reported an impressive Return on Capital Employed (ROCE) of 49.2 per cent and a Return on Equity (ROE) of 36.2 per cent. Since its listing in October 2024, the stock has delivered a notable return of 27 per cent.
Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.