Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosre Requirements) Regulations, 2015
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Goel Construction Company has secured a service order worth ₹86.50 Crore (excluding tax) from Dalmia Cement (Bharat) Limited. The work involves execution of main plant civil works for post-Clinkerization activities at Dalmia's Kadapa L2 facility in Andhra Pradesh. The contract is domestic in nature and must be completed within 11 months from the date of the Notice to Proceed. The company has confirmed there is no related party or promoter interest in the awarding entity. This disclosure was made to BSE under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a fresh order win that adds to the company's order book and provides revenue visibility for the coming months, which is generally positive for the stock. However, without knowing the company's total revenue or current order book size, the materiality of this ₹86.50 Crore contract relative to overall business cannot be precisely assessed.