BSEKesar India LtdHighPositive
Announced Fri, 22 May · 11:36 IST

Kesar India Limited''s Infrastructure arm secures approx. Rs. 160 Crore EPC Contract in Central Mumbai

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AI summary

Kesar India Limited's wholly-owned subsidiary, Kesar Infraventures Private Limited, has secured a major EPC (Engineering, Procurement and Construction) contract worth approximately ₹160 crore. The contract, awarded by Zee Enterprises on May 21, 2026, is for a large-scale residential development project at Siddhagar Nagar, Byculla in Central Mumbai. The project involves RCC construction of residential towers along with allied infrastructure including electrical systems, plumbing, firefighting systems, roads, drainage, and landscaping. The contract is to be executed over a timeline of 24 months. The MD noted this strengthens the group's infrastructure and EPC platform as a long-term growth vertical alongside its core real estate business.

Likely market impact

The ₹160 crore contract is a meaningful win for Kesar India's infrastructure arm, providing revenue visibility over the next 2 years and reinforcing its pivot toward EPC services in strategic urban locations like Mumbai.