Garuda Construction Wins Rs. 143.96 Cr EPC Project in Mumbai

Garuda Construction & Engineering has secured a new Rs. 143.96 crore EPC contract from Orbit Ventures Developers for civil works on the “Shikhar-B” redevelopment project in Oshiwara, Mumbai.

This new win boosts the company’s total order book to Rs. 3,229.78 crore, strengthening its project pipeline and enhancing visibility for future revenue streams. The project will be executed under an Engineering, Procurement, and Construction (EPC) framework, with payment terms that include the allotment of earmarked flats, reflecting a hybrid compensation structure often seen in large-scale redevelopment contracts.

Key Highlights

• Garuda secures Rs. 143.96 crore EPC contract from Orbit Ventures Developers
• Boosts total order book to Rs. 3,229.78 crore, strengthening project pipeline
• Project part of Mumbai’s Shikhar-B redevelopment under hybrid payment model

The project underlines Garuda’s growing expertise in executing complex urban redevelopment initiatives — a key growth area in Mumbai’s evolving real estate landscape.

This latest win highlights Garuda Construction & Engineering’s strategic positioning in India’s construction and infrastructure sector, where redevelopment continues to drive demand in metro cities. The company’s robust order inflow signals sustained operational momentum and investor confidence. Garuda Construction & Engineering provides end-to-end civil construction services across residential, commercial, industrial, and infrastructure segments, along with operations and maintenance services.

Also Read: Arisinfra Secures Rs. 100 Cr Contracts in North Bengaluru

The company confirmed that the current contract involves no related party transactions and will be executed entirely within India. Following the announcement, Garuda’s shares closed at Rs. 188.46, marking a slight dip of 0.43 percent.