Globe Civil Projects Limited has informed the Exchange regarding a press release dated August 19, 2025, titled "PRESS RELEASE DATED AUGUST 19, 2025 FOR RECEIPT OF ORDER FROM HARYANA CRICKET ASSOCIATION, BHIWANI".
GLOBECIVIL · price
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Awaiting price reaction for this filing.
Globe Civil Projects Limited has secured a ₹222.20 crore order from the Haryana Cricket Association, Bhiwani, to construct an International Cricket Stadium at Lohat, District Jhajjar, Haryana. The project is to be executed on a BOQ (Bill of Quantities) basis within a 24-month timeline. This marks the company's entry into the sports infrastructure segment, diversifying from its traditional focus on railway, transport, and social infrastructure. The company recently listed on NSE and BSE on July 1, 2025, following a ₹119 crore IPO. Globe Civil Projects is a New Delhi-based EPC company with operations spread across 11 states in India.
This is a sizeable order win for a recently listed company, strengthening its order book and opening a new business vertical in sports infrastructure. Positive sentiment expected for the stock, though actual revenue recognition will be spread over the 24-month execution period, so short-term financial impact will be gradual.