Chavda Infra Bags ₹89.45 Crore Residential Project; Shares Climb Over 3% 

Mumbai, July 14: Chavda Infra Ltd. has received a Letter of Acceptance (LOA) worth ₹89.45 crore from ADI Shantigram Abode LLP for the construction of the core and shell of a residential high-rise project in Ahmedabad, adding another sizeable contract to its growing order pipeline. 

The contract relates to a proposed residential tower at ADI Shantigram Township, one of Ahmedabad’s large integrated townships. The project is scheduled to be executed over 24 months, according to the company’s exchange filing. 

For Chavda Infra, the order is significant not only because of its size but also because it further deepens the company’s presence in its home market, where it has built much of its residential and commercial construction portfolio. Large residential projects typically provide contractors with steady execution over multiple quarters, supporting revenue visibility as work progresses. 

Following the award, the company’s total unexecuted order book has increased to ₹813.90 crore, giving it a healthy pipeline of projects yet to be executed. A strong order book is often viewed as an important indicator for construction companies because it provides visibility into future revenues, although actual earnings depend on the pace of project execution. 

In its statement, the company said the contract reflects clients’ confidence in its execution capabilities and strengthens its position in the residential construction segment. 

Stock Maket Snapshot 

Chavda Infra share price moved higher after investors reacted positively to the order announcement. 

The stock was trading at ₹108.00, up ₹3.55 or 3.40%, as of 11:23 AM IST on July 14. 

The gain comes as investors continue to reward construction companies that maintain a healthy flow of new projects, particularly at a time when residential real estate activity remains resilient across several urban markets. 

Company Background 

Ahmedabad-headquartered Chavda Infra is an integrated civil construction company focused on residential, commercial and institutional projects. Besides general contracting, the company also operates a ready-mix concrete business and has executed projects across Ahmedabad, Gandhinagar, GIFT City, Rajkot and Vadodara. 

Conclusion 

The latest contract adds another meaningful project to Chavda Infra’s order book and reinforces its presence in Gujarat’s residential construction market. While the financial benefits will be recognised over the life of the project, the order improves revenue visibility and provides the company with a stronger execution pipeline for the next two years.  

Source: 

• https://www.nseindia.com/get-quote/equity/CHAVDA/Chavda-Infra-Limited 
• https://nsearchives.nseindia.com/corporate/CHAVDA_14072026100645_Chavda_Infra_Cover_Press_Release_14072026.pdf