DISCLOSURE UNDER REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015 M/S GLOBE CIVIL PROJECTS LIMITED HAS BEEN IDENTIFIED AS LOWEST BIDDER FOR TENDER FLOATED BY THE INDIAN INSTITUTE OF TECHNOLOGY, KANPUR - INSTITUTE WORKS DEPARTMENT FOR CONSTRUCTION OF KOTAK SCHOOL OF SUSTAINABILITY.
GLOBECIVIL · price
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Globe Civil Projects Limited has been declared the lowest bidder for a construction tender floated by the Indian Institute of Technology, Kanpur. The project covers the construction of the Kotak School of Sustainability at the IIT Kanpur campus, including civil, electrical, and HVAC works. The estimated tender value is Rs. 70.92 crore, split across civil (Rs. 52.12 crore), electrical (Rs. 12.24 crore), and HVAC (Rs. 6.57 crore) works. The completion timeline is 16 months. Scope also includes finishing, water supply, fire-fighting, solar PV, CCTV, lifts, and development works. The formal work order allotment letter is yet to be issued.
Positive for the company — it secures a Rs. 70+ crore order from a prestigious government institution, strengthening the order book and providing revenue visibility for the next 16 months. The final award is still subject to issuance of the work order letter.