Garuda Construction Secures ₹1,087 Crore Order at Gorakhpur

Garuda Construction and Engineering Limited (GARUDA), a prominent player in the specialised EPC (Engineering, Procurement, and Construction) sector, has announced its largest project to date. The company has secured a prestigious order worth ₹1,087.34 crore from the Gorakhpur Development Authority, a significant milestone in its growth trajectory.

As of 10:30 am on January 16, 2025, the share price of Garuda surged over 6% following this development, marking an intraday high of ₹136.07 on the NSE

Details of the Project

The project entails the development of a state-of-the-art International Convention Centre in Gorakhpur, Uttar Pradesh. Spanning 24 lakh square feet, the centre will feature a seating capacity of 5,000, with adjacent land parcels earmarked for commercial and residential development. Strategically located near Ramgadh Jheel Champadevi Park, the project is expected to be completed within 30 months.

Doubling the Order Book

This order has effectively doubled Garuda’s order book to ₹2,830 crore, up from ₹1,408.27 crore at the time of its IPO in October 2024. The company’s robust growth is a testament to its expanding market presence across diverse infrastructure segments.

Diverse Expertise

Garuda has established itself as a trusted partner in critical infrastructure development, offering solutions across various sectors. Its portfolio includes sustainable hydro projects, premium residential developments, urban infrastructure, hospitality projects, and renewable energy initiatives. Recent successes include contracts in road construction, urban development, and industrial estates, underscoring its technical excellence and reliability in delivering large-scale projects.

Key Comments from Leadership

Pravin Kumar Agarwal, Managing Director and Chairman of Garuda Construction, expressed pride in the company’s contribution to India’s infrastructure growth. He stated:
“Our diverse project portfolio highlights our ability to adapt to market demands while maintaining a strong focus on innovation, sustainability, and operational efficiency.”

Noteworthy Ongoing Projects

Some of the company’s notable ongoing projects include:

• Raptinagar Township & Sports City Development: A ₹704.61 crore project.
• Mumbai Premium Residential Projects: Developments in Lower Parel and BKC.
• Bangalore Hospitality Expansion: A boutique hotel project showcasing the company’s foray into hospitality.

About Garuda Construction and Engineering Limited

Garuda Construction is a reputed name in India’s construction industry, specialising in turnkey EPC solutions. With expertise in residential, commercial, and infrastructure projects, the company is committed to sustainable and innovative practices, making it a reliable partner in nation-building.

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