India’s infrastructure ambitions are gaining momentum, especially in the sustainable development space. Globe Civil Projects Limited, a company recently listed on the Indian bourses, has made headlines after being identified as the lowest bidder for a prestigious tender by the Indian Institute of Technology (IIT) Kanpur.
Globe Civil Projects share price was down by 3.5% as of 9:53 AM on July 7, despite the announcement that the company has emerged as the lowest bidder for a significant tender. The project was floated by IIT Kanpur’s Institute Works Department for the construction of the Kotak School of Sustainability. This development marks a strategic addition to the company’s expanding portfolio in sustainable and institutional infrastructure.
The tender falls under the composite category, including civil, electrical, and mechanical (HVAC) works. The scope covers a comprehensive range of infrastructure services:
The estimated value of the project is ₹70.92 crore, comprising:
The bid was approved by the Tender Opening and Evaluation Committee (TOEC) in its meeting held on July 4, 2025. The formal letter of allotment is expected soon, and the execution timeline has been set at 16 months.
The Kotak School of Sustainability represents a forward-looking initiative, and Globe Civil Projects’ selection reaffirms its ability to undertake complex, multi-disciplinary infrastructure developments. This aligns with India’s broader push toward environmentally responsible and sustainable growth.
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Globe Civil Projects was recently in the limelight for its successful IPO listing. The company raised ₹119.00 crore through a book-built issue comprising a fresh issue of 1.68 crore shares.
The raised capital is earmarked for working capital needs, procurement of construction machinery, general corporate purposes, and issue-related expenses.
Historically, Globe Civil Projects has built a reputation for constructing educational institution buildings. However, the company has diversified into high-value infrastructure and non-infrastructure projects. These include:
The company has completed 37 projects over the last 20 years and currently manages 13 ongoing projects. As of March 31, 2025, its consolidated order book stood at ₹669.10 crore, signalling robust execution capability and a promising project pipeline.
Founded in 2002 and headquartered in New Delhi, Globe Civil Projects is an integrated engineering, procurement and construction (EPC) company. It operates across three verticals:
Globe Civil Projects has executed projects across 11 Indian states, including key regions such as Uttar Pradesh, Delhi, Maharashtra, Karnataka, and Gujarat.
This development highlights the growing role of infrastructure companies in advancing India’s sustainable construction goals. Globe Civil Projects continues to expand its footprint across institutional and public sector projects.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Published on: Jul 7, 2025, 10:13 AM IST
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