Globe Civil Projects Limited has informed the Exchange about General Updates
GLOBECIVIL · price
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Globe Civil Projects Limited has received a Letter of Award for a project worth Rs 172.99 Crores. The project involves construction of infrastructure facilities including a 400-seater Girls Hostel, a 600-seater Boys Hostel, and one Academic Block at the Central University of Punjab, Ghudda, Bathinda. The work will be executed on an EPC (Engineering, Procurement, Construction) basis. The tender was floated by NBCC (India) Ltd., a Government of India PSU. This is a significant order win for the company, adding to its order book in the public infrastructure space.
This Rs 172.99 Crore order win strengthens the company's order book and revenue visibility, likely to be viewed positively by investors. The government-backed nature of the project (through NBCC PSU) reduces counterparty risk.