The company’s share surged 5 percent after securing a Rs 173 crore NBCC order. With expertise across education, healthcare, and transport infrastructure, the company is executing major projects, including the ₹327 crore NIT Narela Campus.
The shares of the prominent construction company gained up to 5 percent in today’s trading session after the company secured a significant work order from NBCC (India) Ltd worth Rs 173 crore.
With a market capitalization of Rs 525.35 crore, the shares of Globe Civil Projects Ltd were trading at Rs 87.75 per share, decreasing around 0.25 percent as compared to the previous closing price of Rs 87.97 apiece.
The shares of Globe Civil Projects Ltd have seen positive movement after securing a letter of award for a major infrastructure project at the Central University of Punjab in Ghudda, Bathinda. The Rs 173 crore EPC contract covers academic and residential buildings, along with campus development. The project is to be completed within 21 months, boosting investor confidence.
Looking forward to the company’s financial performance, revenue increased by 60 percent from Rs 186 crore in FY23-24 to Rs 297 crore in FY24-25. Further, during the same time frame, net profit increased by 200 percent from Rs 5 crore to Rs 15 crore.
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Globe Civil Projects is an integrated engineering, procurement, and construction (EPC) company based in New Delhi. It is involved in the execution and construction of infrastructure and non-infrastructure projects across multiple sectors. These include transport and logistics infrastructure, social and commercial buildings, residential buildings, and commercial office spaces.
Globe Civil Projects Ltd derives a major 53.34 percent of its revenue from educational institution projects, highlighting its core strength. Other contributors include commercial offices (13.07 percent), railway terminals (10.03 percent), sports infrastructure (7.79 percent), hospitals (7.72 percent), roads and bridges (5.29 percent), and housing projects (2.83 percent), reflecting its diversified presence across both infrastructure and non-infrastructure segments.
Globe Civil Projects Ltd, with a track record of completing 37 projects over two decades, is currently executing 13 projects. The company boasts experience across diverse sectors such as hospitals, educational institutions, railway terminals, and office buildings.
Globe Civil Projects Ltd is currently executing its largest project, the NIT Narela Campus, spanning over 688,900 sq ft with an estimated cost of Rs. 327 crore. The company highlights its in-house engineering and design team, skilled in civil, electrical, and mechanical works, and deploys dedicated quality system managers for regular site inspections to ensure project compliance and standards.
Written by Abhishek Singh
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