E Factor Experiences Bags Rs 10.53 Cr Order From Indira Gandhi National Centre for the Arts

Synopsis: E Factor Experiences wins ₹10.5 Cr order from Indira Gandhi Arts Centre to build BaBapu museum and statue in Wardha, Maharashtra. 180-day cultural heritage project boosts event firm’s portfolio.

E Factor Experiences has landed a fresh government order worth over ten crore rupees. The event and experience management company will now develop a museum and statue project in Maharashtra for a central arts body.

E Factor Experiences Limited’s stock, with a market capitalisation of Rs. 242 crores, closed at Rs. 184.80, down 20.4 percent In a month. Furthermore, the stock over the past year has given a return of 24.4 percent.

About The Project

The Indira Gandhi National Centre for the Arts awarded the contract. E Factor Experiences will build the “Development of Museum and Statue of BaBapu & 12 Balutedar.” The project sits at the Mahatma Gandhi Institute for Rural Industrialization in Wardha, Maharashtra. BaBapu is a name associated with Mahatma Gandhi, a revered national figure.

Key Terms of the Deal

The order value stands at ₹10,53,01,200 roughly Rs. 10.5 Crore . E Factor Experiences must complete the work within 180 days. The client is a domestic entity. Furthermore, no promoter or related party holds any interest in the awarding body. The deal, therefore, carries no conflict of interest.

What This Means for the Company

The company submitted the required details to the National Stock Exchange. This order adds to the company’s government project portfolio. Cultural and heritage infrastructure projects have grown in India in recent years. As a result, companies like E Factor are finding steady work in this space.

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