Garuda Construction Shares Jump 7.8% After ₹231 Crore Chandivali Project Win; Order Book Swells to ₹3,460.78 Crore

Mumbai, October 23, 2025 – Shares of Garuda Construction and Engineering Limited (NSE: GARUDA, BSE: 544271) surged 7.83% at 1:15 PM on Thursday’s trading to ₹216 after it announced that it has bagged a significant order of about ₹231 crore for a major rehabilitation building assignment at Chandivali, Mumbai.

The project covers more than 6.17 lakh sq. ft. and is scheduled for completion in 3 years, further enhancing its already resilient project pipeline. The overall order book of Garuda Construction now totals ₹3,460.78 crore with this new order, again reaching a new milestone in its growing list of infrastructural and civil contracts.

Share Price Update

Garuda Construction and Engineering Limited’s share prices are at ₹216.70, a 7.83% increase as of 1:15 PM on 23rd October 2025. Shares of Garuda Construction and Engineering Limited started trading at ₹203.85, with an intra-day high of ₹220.00 and a low of ₹201.50. It has a market value of ₹2,020 crore, with a price-to-earnings value of 28.98. It has no dividend yield currently. It has traded as high as ₹229.99 and as low as ₹77.05 over the past 52 weeks.

Order Highlights

The company has secured a large order to construct a rehabilitation building at Chandivali, Mumbai. It spans approximately 6.17 lakh square feet with an order value of ₹231 crore. Its execution will spread across three years. With this, the company’s order book now stands at ₹3,460.78 crore.

Management Commentary

Pravin Kumar Brijendra Kumar Agarwal, MD and Chairman, also added that such a new order reflects the implementation abilities of the firm as well as its increasing presence in Mumbai urban renewal/rehabilitation work.

Garuda Construction and Engineering Limited, which is a BSE and NSE-listed stock, falls under the civil construction business category, with a specialty in redevelopment and infrastructure work. Its stock is a constituent of the NIFTY IPO index and has maintained an active trading status since its listing on October 15, 2024.

REF: https://nsearchives.nseindia.com/corporate/GARUDACONSTRUCTION2010_23102025103159_Order_Intimation.pdf

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