Garuda Construction and Engineering Limited has informed the Exchange about Receipt of Work Order for Civil works of redevelopment project Shikhar-B at Oshiwara, Mumbai, under Regulation 30 of SEBI (LODR) Regulations, 2015.
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Garuda Construction and Engineering Limited has informed the stock exchange about receiving a new work order for civil works at a redevelopment project named Shikhar-B located in Oshiwara, Mumbai. The disclosure was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The order pertains to the civil construction scope of a real estate redevelopment project. The company has not disclosed the monetary value of the order in the headline announcement.
Adds to the company's order book from Mumbai's redevelopment segment, which is mildly positive for revenue visibility. The stock impact will depend on the order size, which has not been disclosed.