Globe Civil Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
GLOBECIVIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Globe Civil Projects Limited has been declared the lowest bidder (L1) for a construction tender floated by the Indian Institute of Technology, Delhi. The project involves building a residential complex (3 basement + ground + 11 floors) along with allied services at the IIT Delhi Extension Campus in Sector-3, R.K. Puram, Delhi. The total bid value is approximately Rs. 98.85 crore, with an 18-month completion timeline. The letter of allotment (work order) is yet to be issued, so this currently represents L1 status rather than a confirmed order. The contract is domestic, awarded by a government entity, and there are no related party interests involved.
Positive signal for the company as L1 status for a near-Rs. 99 crore government project strengthens its order book visibility. However, the order is not yet formally awarded, so investors should wait for the work order allotment before considering it confirmed revenue.