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

A civil works order worth Rs. 30 Crore has been awarded to M/S RDB Infrastructure and Power Limited for the strengthening and construction of the perimeter road on the airside at Chhatrapati Shivaji Maharaj International Airport (CSMIA), Mumbai. The effective date of the work order is January 22, 2025, with an expected completion timeline of 9 months, extendable by an additional 3 months if needed. The total project cost, including GST, is Rs. 35.40 Crore. This development represents a significant expansion opportunity for Tarmat Limited, which may enhance its operational capacity and revenue potential. Stakeholders should observe the project's progress closely, given its strategic importance in the infrastructure sector.