Wins 71.31 Crore Contract for Excavation and Shore Piling at Powai

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SUPREMEINF · price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-2.0% vs market

Civil Construction peers, median of 97sector-0.7%-1.9% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.9 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Supreme Infrastructure India has secured a contract worth INR 71.31 crore (excluding taxes) for major excavation and shore piling works at One Forest Avenue, Powai, Mumbai. The work involves excavating 4,50,000 cubic meters and 300 mm diameter shore piling with 15 meter average depth and rock anchoring, to be completed in 12 months. Awarded by BSS Property Ventures and Rajeshwar Property Ventures, promoted by the Sharma family with Brookfield Properties as major stakeholder. This is Phase 1 of a larger development.

Likely market impact

New 71.31 crore order strengthens order book. Phase 1 status signals potential follow-on contracts from Brookfield-led project.