Garuda Construction and Engineering Limited — Important, 16-01-2025: General Updates

Garuda Construction and Engineering has secured its largest order valued at Rs. 1,087.34 crore from the Gorakhpur Development Authority for the construction of a state-of-the-art International Convention Centre. This project encompasses approximately 24 lakh square feet and can accommodate 5,000 people, with an expected completion timeframe of 30 months. With this order, the company's order book has doubled to Rs. 2,830 crore since its IPO in October 2024. Notably, public sector projects now represent two-thirds of the company's order composition. Garuda's diverse portfolio includes critical infrastructure sectors, showcasing its ability to execute complex projects efficiently, contributing to India's growth in infrastructure development. Investors should view this substantial order win as a positive opportunity reflecting the company’s solid market positioning in the EPC sector.