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EFC (I) Awarded Contract for New Passport Seva Kendra at Pashan, Pune; Share Price in Focus

Written by: Team Angel OneUpdated on: 22 Sept 2025, 5:23 pm IST
EFC (I) Limited has been awarded a general work contract to develop a Passport Seva Kendra at Pashan, Pune, under the ongoing Rate Contract.
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EFC (I) Limited has been awarded a general work contract for the Passport Seva Kendra (PSK) located at Pashan in Pune. As per the exchange filings, the project has been sanctioned under the existing Rate Contract arrangement for Passport Seva Kendras across India

Prior Assignments

This is not the company’s first engagement under the Rate Contract. EFC has earlier worked on similar assignments at Passport Seva Kendras in Ahmedabad and Hyderabad. Both projects were completed as part of the same framework, adding to the company’s experience in handling such infrastructure facilities.

Work Scope

The contract for the Pashan PSK covers full interior turnkey fit-outs. This involves planning, design, and execution of interiors required for operational readiness. The scope is to ensure that the centre is functional and aligned with service requirements

Official Communication

As per the exchange filings, Mr Umesh Sahay, Managing Director of EFC (I) Limited, said: “We are honoured to be awarded yet another Passport Seva Kendra project under the Rate Contract. We are committed to deliver best.”

Company Information

EFC (I) Limited is registered in Pune, Maharashtra. The company operates in the interior and infrastructure segment, with its work spanning commercial, institutional, and public sector projects. It provides design and build services and has executed multiple assignments in different cities

Read more: Japan’s R&I Upgraded India’s Sovereign Rating to ‘BBB+: Retains Stable Outlook for the Economy! 

EFC (I) Share Price Performance

As of September 22, 2025, 10:11 AM, EFC (I) share price was trading at ₹319.85, a 0.66% increase  from the previous closing price.

Conclusion

The Pashan project adds to EFC’s portfolio of Passport Seva Kendras. Following earlier work in Ahmedabad and Hyderabad, the new assignment shows a continuation of contracts under the PSK framework.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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 the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Sep 22, 2025, 10:49 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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