Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Goel Construction Company Ltd has secured a service order worth ₹173.25 Crore (excluding tax) from Aditya Birla Group. The scope of work involves execution of civil works for PYRO, WHRS and Post Clinkerisation along with safety work at Aditya Birla's Pali Cement Works Unit in Beawar, Rajasthan. The project is to be completed within 13 months from the start of work. The order is purely domestic, and the company confirmed that promoters or group companies have no interest in the awarding entity, with no related-party transaction involved.
This is a sizeable new order that adds to the company's order book and provides revenue visibility over the next 13 months, which is positive for shareholders. A repeat engagement with a reputed group like Aditya Birla also strengthens Goel Construction's credibility in the cement-industry civil works segment.