Introduction:
Leading EPC player has secured its largest-ever order worth ₹1,087.34 crore from the Gorakhpur Development Authority. The project involves constructing a 24 lakh square feet International Convention Centre, alongside commercial and residential land development near Ramgadh Jheel.
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Share price movement of Garuda Construction:
On January 16, 2025, Garuda Construction and Engineering Ltd. opened at ₹126.55, up 3.02% from its previous close of ₹122.85. The stock reached a high of ₹135.95 (10.64%) and a low of ₹124.90. By 12:45 PM, it traded at ₹131.10, a 6.72% increase, with a market cap of ₹1,219.78 crore.
Garuda Construction Wins ₹1,087 Cr Order:
Garuda Construction and Engineering Limited (GARUDA) has secured its largest-ever order worth ₹1,087.34 crore from Gorakhpur Development Authority. The project involves building a state-of-the-art International Convention Centre, along with commercial and residential land development near Ramgadh Jheel.
The new order boosts Garuda’s order book to ₹2,830 crore, demonstrating its growing market presence. The project will span 24 lakh square feet with a seating capacity of 5,000. It also includes the development of adjacent land for commercial and residential purposes, enhancing its portfolio.
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Garuda Construction’s expertise spans multiple sectors, including infrastructure, hydro projects, and renewable energy. The company has successfully delivered large-scale, complex projects, highlighting its technical excellence and ability to execute challenging contracts within timelines.
Stock performance of Garuda Construction for Period of 1 week and 1 month:
Garuda Construction and Engineering Ltd. has seen a decrease of 10.7% over the past week but a significant rise of 29.5% over the last month, reflecting the stock’s volatility and recent growth.
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Shareholding pattern of Garuda Construction:
| All values in % | Oct 14, 2024 |
| Promoter | 67.60% |
| FII | 13.10% |
| DII | 1.80% |
| Public | 17.50% |
About Garuda Construction:
Garuda Construction and Engineering Ltd. (NSE: GARUDA) is a Mumbai-based civil construction company, involved in residential, commercial, hospitality, and industrial projects. The company offers comprehensive construction services, including O&M, MEP, and finishing works for various infrastructure projects.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
