Globe Civil Projects Limited has informed the Exchange regarding a press release dated February 27, 2026, titled "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose a copy of the Press Release dated February 27, 2026. The Press Release announces that Globe Civil Projects Limited has been identified as the lowest bidder (L1) in relation to the receipt of an order from Indian Institute of Technology, New Delhi.".
GLOBECIVIL · price
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Globe Civil Projects Limited has emerged as the Lowest Bidder (L1) in a tender floated by the Indian Institute of Technology, Delhi for the construction of a residential building (3 basements + ground + 11 floors) at the IIT Delhi Extension Campus in Sector-3, R.K. Puram, New Delhi. The total project value is ₹98.85 crore (₹98,84,83,276) with a completion period of 18 months on a BOQ-based domestic contract. The tender was opened on February 27, 2026, via the Government E-Procurement System, and the formal Letter of Award is expected to be issued in due course. The company described this as a major expansion of its order book and a milestone in public/institutional infrastructure projects.
This is a positive development for shareholders, as the order strengthens the company's revenue visibility and order book in the government infrastructure segment. However, since this is an L1 status and the Letter of Award is still pending, the share price reaction may be tempered until formal award confirmation.