Garuda Construction Share Price Rose Over 8%: Secured ₹143.96 Crore Order for Redevelopment Project in Mumbai

Garuda Construction and Engineering Ltd announced that it has received new work orders worth ₹143.96 crore from Orbit Ventures Developers for civil construction related to the “Shikhar-B” redevelopment project in Oshiwara, Mumbai. The contract strengthens the company’s project pipeline and underscores its growing role in urban redevelopment initiatives across India.

With this latest win, Garuda’s order book now stands at approximately ₹3,229.78 crore, reflecting a healthy business outlook supported by consistent project inflows.

Project Scope and Execution Plan

The newly awarded project involves an Engineering, Procurement and Construction (EPC) contract for a large-scale redevelopment venture. The execution timeline is set at 36 months, beginning after the issuance of the project’s commencement certificate.

Under the contract terms, payments will be made through the allocation of designated residential units, as per the agreement between the developer and Garuda Construction. The company confirmed that the order was awarded by a domestic developer and does not include any related party or promoter group involvement.

Company Profile

Garuda Construction and Engineering is known for providing comprehensive civil construction services across residential, commercial, industrial, and infrastructure segments. In addition to core construction, the company also handles mechanical, electrical, and plumbing (MEP) works, as well as operations and maintenance (O&M) and finishing services.

Read More: Garuda Aerospace Gets Export License, Targets US, Australia, and the Middle East for Drone Sales!

Garuda Construction and Engineering Share Price Performance 

As of October 09, 2025, at 10:57 AM, Garuda Construction and Engineering Share price is trading at ₹203.27 per share, reflecting a surge of 8% from the previous closing price.

Conclusion

The ₹143.96 crore order from Orbit Ventures Developers marks another milestone in Garuda Construction’s journey as a leading civil engineering contractor. With a strong and diversified order book, the company is well-positioned to contribute to Mumbai’s ongoing urban renewal while reinforcing its position in India’s construction landscape.

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