Garuda‍‌‍‍‌‍‌‍‍‌ Construction Jumps Over 4% After Bagging ₹1,416 Crore EPC Order For ‘Powai Heights’ Project

Mumbai, November 6, 2025: Garuda Construction and Engineering Limited’s share price rose 4% in Thursday trading following the announcement of a ₹1,416 crore development project for a premium residential area in Mumbai. The news boosted investor confidence, pushing the stock closer to its 52-week high.

Garuda Construction and Engineering Limited, which began with large-scale civil infrastructure and real estate projects, has emerged as a leading specialist in residential, commercial, and urban development contracts across India. Since its listing on NSE and BSE in October 2024, the company has become a preferred EPC partner in the housing and infrastructure sectors. With a growing order book and expanding project portfolio, Garuda continues to strengthen its position in the Indian construction industry while capitalizing on the rapid transformation of the sector.

Contract Wins Pave the Way for Growth

Garuda Construction has been awarded an EPC contract by Sumer Corporation for the luxury residential project ‘Powai Heights’, Chandivali, Taluka Ghatkopar, Mumbai. The proposal covers the construction of three luxury residential towers and will be completed in 60 months from the date of signing the contract. The net order value amounts to ₹1,416 crore – inclusive of GST and all applicable taxes.

The company clarified that the deal does not involve any related parties and is part of its domestic business portfolio. With this addition, Garuda’s Total Project Book (TPB) stands at ₹4,876.78 crore as of November 5, 2025, reflecting strong revenue potential and growth prospects in India’s high-value real estate construction segment for the coming quarters.

Stock Price and Market Activity

Shares of Garuda Construction and Engineering Limited were trading at ₹234.40, up 4.23% as of 12:16 PM IST. The stock has shown a strong upward trajectory throughout 2025, supported by successive project wins and growing investor confidence. Over the past year, it has risen from a low of ₹77.05 to a 52-week high of ₹241.39, performing well as a newly listed company. The company’s market capitalization currently stands at ₹2,137.08 crore, with a P/E ratio of 30.26, reflecting investor expectations of higher earnings growth in the near term.

REF: https://nsearchives.nseindia.com/corporate/GARUDACONSTRUCTION2010_05112025192110_Intimation.pdf

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