Globe Civil Projects Limited, a leading Indian infrastructure company, has announced that it has been identified as the lowest bidder for a prestigious construction tender floated by the Indian Institute of Technology (IIT) Kanpur.

The company shared this update with stock exchanges on 4 July 2025 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and timely disclosure of material events for investors.

Project Overview

The tender is for the Construction of the Kotak School of Sustainability at IIT Kanpur. The scope of work is comprehensive, classified as Composite (Civil, Electrical & Mechanical, and HVAC works).

Key features of the project include:

• Finishing works

• Water supply and sanitary installations

• Electrical systems

• Fire-fighting system

• Automatic Fire Alarm and PA system

• Solar PV system

• Telephone and data system

• CCTV installations

• Lifts

• Mechanical ventilation (HVAC)

• Campus development works

This multifaceted project showcases Globe Civil Projects’ capabilities in delivering complex, large-scale institutional buildings.

Estimated Cost and Work Details

The total estimated cost for the tender is a substantial Rs 70,92,00,263 (approximately Rs 70.92 crore). The breakdown includes:

• Civil works: Rs 52,11,76,908

• Electrical works: Rs 12,23,66,463

• HVAC works: Rs 6,56,56,892

The company will need to complete the project within 16 months of receiving the formal work order.

Such a timeline underscores the scale and complexity of the project while reflecting Globe Civil Projects’ capacity to meet strict institutional requirements.

Evaluation and Selection Process

The Tender Opening and Evaluation Committee (TOEC) of IIT Kanpur conducted the evaluation on 4 July 2025. After a detailed assessment, Globe Civil Projects Limited was declared the lowest bidder for the project.

Being selected as the L1 (lowest) bidder is a crucial milestone in large government and institutional tenders in India. It positions Globe Civil Projects favourably for the final Letter of Allotment/Work Order, which the company noted will be issued in due course.

Strategic Importance of the Project

Securing such a prestigious contract offers multiple strategic benefits for Globe Civil Projects:

• Reinforces credibility as a builder capable of handling high-value institutional projects.

• Expands the company’s portfolio to include complex academic and sustainable infrastructure.

• Enhances its order book visibility, supporting long-term revenue projections.

• Strengthens its market position in Northern India, particularly in the education sector.

The Kotak School of Sustainability is expected to become a landmark facility on the IIT Kanpur campus, reflecting advanced sustainable design and construction practices.

Commitment to Quality and Compliance

Globe Civil Projects emphasised that the disclosure aligns with its obligation under SEBI (LODR) Regulations, demonstrating its commitment to transparency and good corporate governance.

Such disclosures help:

• Inform investors about significant business developments.

• Support market efficiency by ensuring timely communication of material events.

• Uphold SEBI’s principles of fairness and transparency for listed entities.

Company Profile

Globe Civil Projects Limited is an established infrastructure and construction company with experience in civil, electrical, mechanical, and HVAC works.

Headquartered in New Delhi, the company has executed diverse projects including:

• Government buildings

• Institutional campuses

• Commercial complexes

• Urban infrastructure works

Its expertise in delivering composite works positions it well for the growing demand in India’s infrastructure development sector.

Sector Outlook

India’s infrastructure sector continues to see robust growth driven by:

• Government investments in education and research facilities.

• Emphasis on sustainable and green buildings.

• Demand for modern campuses with advanced facilities.

Institutes like IIT Kanpur are investing heavily in such projects to maintain world-class standards, offering growth opportunities for qualified contractors like Globe Civil Projects.

Next Steps for the Project

With the evaluation completed and Globe Civil Projects Limited identified as the lowest bidder:

• The Letter of Allotment/Work Order is expected soon.

• The company will mobilise resources and begin planning for timely delivery.

• Execution will involve coordinated civil, electrical, and mechanical engineering efforts over 16 months.

Such projects require not only technical capability but also effective project management to meet tight schedules and quality benchmarks.

Conclusion

The announcement of Globe Civil Projects Limited as the lowest bidder for the IIT Kanpur Kotak School of Sustainability project marks a significant achievement for the company.

It underscores the firm’s technical competence, competitive pricing, and readiness to deliver high-value infrastructure works.

Investors and industry observers can see this development as a positive sign of Globe Civil Projects’ business growth, solidifying its position as a trusted partner in India’s ongoing infrastructure boom.

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