Agi Infra Limited has informed the Exchange about Awarding of contract
AGIIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Agi Infra Limited's board, at a meeting on June 10, 2025, informed the exchanges about a construction contract awarded to M/s AGI Construction Private Limited, a group entity. The contract involves construction up to the structural level of 2 towers of the 'Jalandhar Heights-IV' project, covering approximately 1,89,373 sq. ft. The total contract value is Rs. 16,09,67,050 (around Rs. 16.10 crore) plus GST, to be completed within 3 years. The company clarified this is a related party transaction done at arm's length price.
This is a routine internal contract between group companies, so it does not bring in fresh external revenue for Agi Infra. Shareholders should note the related-party nature, though the company states terms are at arm's length; near-term stock impact is likely neutral.