Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Goel Construction Company has secured a service order valued at ₹260.47 Crore (excluding tax) from Adani Group. The work involves execution of civil works for the Balance of Plant (BOP) area of the 2x800 MW Phase-III expansion of the Mahan Ultra Supercritical Thermal Power Project in Singrauli, Madhya Pradesh. The project is to be executed over 24 months from the date work commences. The order has been awarded by a domestic entity, and there is no related-party interest between the two companies. This disclosure was made under SEBI Regulation 30 read with Schedule III.
This sizeable order from a reputed corporate group strengthens the company's order book and provides revenue visibility over the next 24 months. It is likely to be viewed positively by the market, though actual impact on stock price will depend on the company's existing revenue base and execution timeline.