In an exciting development for the construction sector, Conart Engineers Limited has announced that it has secured a prestigious order for the civil construction of a formulation facility for M/s. Apothecon Pharmaceuticals Pvt. Ltd. The project, valued at ₹14.50 crore, including GST, will be executed in Vadodara, Gujarat. This major contract win underscores Conart Engineers' growing prominence in delivering high-quality civil engineering services.

The construction work will commence upon mobilization at the site and is expected to be completed within 11 months. This time-sensitive project will be instrumental in expanding Apothecon Pharmaceuticals' manufacturing capabilities, allowing them to produce formulations more efficiently.

Key Project Details

The project involves the construction of a formulation facility, which is a critical component for the pharmaceutical industry. This will be handled by Conart Engineers, a company known for its expertise in civil engineering and construction management. With a track record of delivering large-scale infrastructure projects, Conart Engineers is well-equipped to meet the stringent demands of this assignment.

Project Specifications:

Project Cost (Including GST): ₹14.50 crore

Location: Vadodara, Gujarat

Scope of Work: Civil work for the formulation facility

Completion Timeline: 11 months from mobilization at the site

The contract reflects Conart Engineers' ability to secure and deliver high-value projects in diverse industries, including pharmaceuticals, which is vital for India's growing healthcare and manufacturing sectors. This partnership with Apothecon Pharmaceuticals Pvt. Ltd. is expected to strengthen the company’s portfolio in the industrial construction segment.

Compliance with Insider Trading Regulations

In accordance with SEBI's (Prohibition of Insider Trading) Regulations, Conart Engineers has also announced the closure of its trading window. This policy applies to all insiders, designated persons, and their immediate families to prevent any unlawful trading based on this sensitive information. The trading window will remain closed until 48 hours after this information is made public, ensuring full compliance with the regulatory framework.

Conart Engineers Limited, with its visionary leadership and strong execution capabilities, continues to position itself as a leader in the civil engineering and construction sector. By consistently delivering projects within the specified timelines and to the highest quality standards, the company remains committed to its mission of engineering excellence.

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This project is another milestone for Conart Engineers as it continues to grow its portfolio of complex construction projects across India. Keep following for more updates on new projects and announcements in the construction and civil engineering space.