Rs 3,229.78 crore order book: Garuda Construction and Engineering Ltd receives an order of Rs 143.96 crore from Orbit Ventures Developers

Construction-Engineering-Ltd-313768">Garuda Construction and Engineering Ltd received an order from Orbit Ventures Developers for the civil work of the redevelopment project "Shikhar-B" at Oshiwara, Mumbai. The order, which is an EPC Agreement (Engineering, Procurement, and Construction) from a domestic entity, has a contract value of Rs 143.96 crore and is to be executed within a timeframe of 36 Months. Key significant terms include the delivery location being Oshiwara, Mumbai, a contract start date contingent on the Date of Receipt of Further CC (Commencement Certificate), and unique payment terms involving the Allotment of Earmarked Flats.

Garuda Construction and Engineering Ltd is a construction company incorporated in 2010 that provides end-to-end civil construction services for a diverse portfolio of projects, including residential, commercial, infrastructure, and industrial developments. Specialising in services that span from project planning and detailed engineering to complete project execution, they also offer Operations and Maintenance (O&M), Mechanical, Electrical, and Plumbing (MEP) services, and finishing works. The company operates with an asset-light business model, enhancing flexibility and optimising costs by outsourcing labour and equipment to third-party contractors.

On Thursday, shares of Garuda Construction and Engineering Ltd jumped 11.30 per cent to Rs 209.30 per share from its previous closing of Rs 188.05 per share. The stock has given multibagger returns of 175 per cent from its 52-week low of Rs 76.02 per share. The company has a market cap of over Rs 1,900 crore and has an Order Book of Rs 3,229.78 crore as of October 2025.

Disclaimer: The article is for informational purposes only and not investment advice.