Rs 669.10 crore order book: 6 days ago, listed construction company emerges as lowest bidder (L1) for order of Rs 70,92,00,263 from IIT Kanpur

DSIJ Intelligence-1 / 06 Jul 2025/ Categories: Penny Stocks, Trending

Rs 669.10 crore order book: 6 days ago, listed construction company emerges as lowest bidder (L1) for order of Rs 70,92,00,263 from IIT Kanpur

The stock was listed 6 days ago and on Friday, the stock hit a 52-week low & a lower circuit of Rs 81.23 per share.

Globe Civil Projects Limited, a listed construction company, has emerged as the lowest bidder (L1) for a significant project at the Indian Institute of Technology, Kanpur, with a bid valued at approximately Rs 70,92,00,263. The tender, floated by IIT Kanpur, is for the "Construction of Kotak School of Sustainability," encompassing a broad range of works. These include finishing works, water supply and sanitary installations, electrical systems, fire-fighting and automatic fire alarm systems, PA systems, solar PV systems, telephone data systems, CCTV, lifts, mechanical ventilation (HVAC), and various development works within the IIT Kanpur Campus.

The Tender Opening and Evaluation Committee (TOEC) confirmed Globe Civil Projects Limited as the lowest bidder in their meeting on July 4, 2025. The project's estimated cost aligns with the company's bid, with civil works accounting for Rs 52,11,76,908, electrical works for Rs 12,23,66,463, and HVAC works for Rs 6,56,56,892. The composite project is expected to be completed within a period of 16 months from the issuance of the letter of allotment, which is anticipated to be issued in due course.

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Globe Civil Projects Limited, established in 2002 and headquartered in New Delhi, is an integrated EPC company operating across 11 Indian states. They specialise in Transport & Logistics, Social & Commercial infrastructure, and Non-infrastructure projects, also trading in TMT steel. The company excels in EPC, MEP, HVAC, firefighting, and structural works, holding a Class-I Super Contractor status with CPWD, enabling bids up to Rs 650 crores. With an in-house engineering and design team and ERP systems, they efficiently manage complex projects and plan to expand into West Bengal and Odisha.

The company has a market cap of Rs 487 crore and as of March 31, 2025, the company’s order book stands at Rs 669.10 crore. The stock was listed 6 days ago and on Friday, the stock hit a 52-week low and a lower circuit of Rs 81.23 per share. The shares of the company have a PE of 32x, an ROE of 22 per cent and an ROCE of 24 per cent.

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