Infra stock jumps over 6% after securing ₹219 Cr order for construction project in Gujarat

This construction stock is in focus after it jumped 6.36 percent following the reporting of a work order worth Rs. 218.98 Crore in GIFT CITY, Gandhinagar, Gujarat.

Share Price Movement

With a market capitalization of Rs. 346 Crore, the stock of Chavda Infra Limited opened at Rs. 143, up 2.76 percent from yesterday’s close, and after opening, it made a high of Rs. 148, up 6.36 percent.

Order Update

The company has bagged a work order for the construction of a commercial building where they will be doing construction work, including Reinforced Cement Concrete (RCC) work & other works. 

The location for the project is GIFT City, Gandhinagar, Gujarat, and the project is named THE IDENTITY. The total value of the project is Rs. 218.98 Crore. The company also stated that with this project, the total order received for FY25 stands at 508.29 Crores, the Overall total order in hand stands at Rs. 1,305.78 Crore, and the Unexecuted order book stands at Rs. 767.47 Crores.

Also read: Power stock hits 5% upper circuit after securing ₹15 Cr order from Godrej Group

Landmark Projects of the Company

The company has built several buildings, from residential complexes to commercial buildings to a University campus.  Some of the landmark projects are – Trogon twin towers, Nirma University campus, La Marque located in Ambli Bopal Road, Mondeal one located on Pakwan Char Rasta, and the 31st Shilaj.  

Financial Highlights

The company reported an 11.65 percent YoY increase in revenue from Rs. 103 Crore in H1FY24 to Rs. 115 Crore in H1FY25. Their Net profit saw an increase of 28.57 percent from Rs. 7 Crore to Rs. 9 Crore for the same period.

About the Company

Chavda Infra Limited is an Indian civil construction company specializing in residential, commercial, and institutional projects. Founded in 1990 and headquartered in Ahmedabad, Gujarat, the company has completed several projects in luxury residential complexes and high-rise commercial buildings. 

Written By Abhishek Das

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