Tarmat Limited — Important, 24-01-2025: General Updates

Tarmat Limited has awarded a significant civil works contract valued at Rs. 20 crore to RDB Infrastructure and Power Limited. This contract entails the construction of Taxiway “M” Phase-1 on the airside at Chhatrapati Shivaji Maharaj International Airport, Mumbai. The work is set to commence immediately, with an effective date of January 22, 2025. The project timeline allows for a completion period of six months, with the potential for a three-month extension depending on circumstances beyond control. With GST included, the total contract value amounts to Rs. 23.6 crore. This move reinforces Tarmat's operational capabilities in infrastructure development and showcases its growing engagement in the aviation sector. Watch closely as this may offer positive implications for Tarmat's growth trajectory.