We would like to inform that the Company has received work order for Rs.16.53 crores for site grading & earthwork and construction of compound wall from SILOX India Private Limited, Dahej
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Conart Engineers Limited has secured a new project from SILOX India Private Limited at Dahej. The contract is split into two parts: Rs. 7.49 crores for construction of a compound wall with a 12-month completion timeline, and Rs. 9.03 crores for civil work including site grading and earthwork with a 6-month completion timeline. Site mobilization has already begun on April 15, 2025. The total order value is Rs. 16.52 crores, excluding GST. The company has also declared a trading window closure for insiders as per insider trading regulations.
This is a new order inflow that adds to the company's order book and provides near-term revenue visibility over the next 6-12 months. For a small-cap company like Conart Engineers, a Rs. 16.52 crore order from a private industrial client is a positive business development, though it is a private sector order rather than government.