Garuda Construction and Engineering Limited’s (GARUDA) shares jumped nearly 9% today following the announcement of its record-breaking ₹1,087.34 crore contract win from the Gorakhpur Development Authority (GDA). The project involves constructing an International Convention Centre with a seating capacity of 5,000 and adjacent land development for residential and commercial purposes.
The project, spanning 24 lakh square feet near Ramgadh Jheel Champadevi Park, is expected to boost Garuda’s order book to ₹2,830 crore, doubling since its IPO in October 2024. The timeline for completion is set at 30 months, with approvals, including fire clearances, already secured.
Key Project Highlights:
- Scope: International Convention Centre and adjacent land development.
- Order Size: ₹1,087.34 crore.
- Completion: 30 months.
Management’s Take: Pravin Kumar Agarwal, Managing Director, highlighted the company’s commitment to driving sustainable infrastructure projects across India.
This order positions Garuda strongly in the infrastructure sector and underscores its growing prominence in large-scale EPC projects. The shares were trading at ₹132.89, reflecting investor optimism.
GARUDA CONSTRUCT N ENG L Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Wed, Jan 15 2025
|
₹128.51
|
₹122.86
|
-3.47%
|
|
Tue, Jan 14 2025
|
₹118.99
|
₹127.28
|
|
|
Mon, Jan 13 2025
|
₹127.49
|
₹118.69
|
-9.31%
|
|
Fri, Jan 10 2025
|
₹136.00
|
₹130.88
|
-4.89%
|
|
Thu, Jan 9 2025
|
₹146.88
|
₹137.61
|
-6.32%
|
|
Wed, Jan 8 2025
|
₹145.00
|
₹146.90
|
|
|
Tue, Jan 7 2025
|
₹128.76
|
₹142.17
|
|
|
Mon, Jan 6 2025
|
₹134.48
|
₹127.21
|
-4.90%
|
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