Garuda Construction Secures Record Order Worth ₹1,087 Crore
Team Finance Saathi
16/Jan/2025

What's covered under the Article:
- Garuda Construction secures its largest-ever order valued at Rs.1,087.34 crore.
- The company will develop a state-of-the-art convention centre in Gorakhpur.
- Garuda’s order book has doubled to Rs.2,830 crore, showcasing strong growth.
In a landmark development, Garuda Construction and Engineering Limited has secured its largest-ever order, valued at Rs. 1,087.34 crore, from the Gorakhpur Development Authority (GDA), a department of the Government of Uttar Pradesh. The order involves the construction of a state-of-the-art International Convention Centre spread across 24 lakh square feet, with a seating capacity for 5,000 people. This project, located near Ramgadh Jheel Champadevi Park, will not only serve as a major hub for international events but also include the development of adjacent land parcels for commercial and residential use.
This significant contract has propelled Garuda Construction’s order book to an impressive Rs. 2,830 crore, doubling from the Rs. 1,408.27 crore at the time of the company’s IPO in October 2024. With a strong foothold in public sector and private sector projects, Garuda Construction continues to gain momentum in the growing infrastructure development sector.
Key Highlights of the Project:
- The International Convention Centre will be constructed with cutting-edge design and technology.
- Approval for fire safety and project plans has already been secured from GDA.
- The project is expected to be completed within the next 30 months, further cementing Garuda’s reputation for delivering large-scale projects on time.
- Two-thirds of the company’s projects are in the public sector, while nearly a third are with private entities.
Garuda Construction’s Portfolio and Growth
With a diverse range of projects spanning across critical infrastructure sectors, including hydro projects, residential complexes, urban development, hospitality, and renewable energy, Garuda Construction is positioning itself as a leader in turnkey EPC solutions. The company's recent project wins, including road construction and urban infrastructure, demonstrate its technical expertise and capacity to execute complex, large-scale projects.
Pravin Kumar Agarwal, Managing Director and Chairman of Garuda Construction and Engineering, expressed pride in the company’s ability to deliver high-quality infrastructure solutions that contribute to national development. He added, “Our diverse project portfolio highlights our strength in adapting to market needs while ensuring innovation, sustainability, and operational efficiency.”
Noteworthy Projects and Expansion
Among Garuda’s ongoing projects is the Raptinagar Township & Sports City Development, valued at Rs.704.61 crore, which is progressing significantly. The company is also expanding its presence in premium residential developments across Mumbai, including key projects in Lower Parel and Bandra-Kurla Complex (BKC). Additionally, Garuda is making strides in the hospitality sector, with a boutique hotel project in Bangalore.
About Garuda Construction and Engineering Limited (GARUDA)
Founded with a focus on turnkey EPC solutions, Garuda Construction and Engineering has established itself as a trusted name in India’s construction sector. The company specializes in residential, commercial, infrastructure, and renewable energy projects. Known for its sustainable and innovative construction practices, Garuda continues to play a pivotal role in the nation’s infrastructure development.
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