Chavda Infra Expands Footprint with Rs 81.93 Crore in New Contracts

Investors tracking Gujarat's booming infrastructure and real estate sectors have received an encouraging update from Ahmedabad-based construction major Chavda Infra Limited. The company has secured fresh work orders valued at a substantial Rs 81.93 crore, strengthening its robust order book and diverse project portfolio.

Among the newly awarded contracts are two prominent residential developments that showcase Chavda Infra's capabilities in the high-rise segment. The firm has bagged the "RAJSHREE REGALIA" project worth Rs 11.59 crore from Rajshree Proinfra LLP and the "24 CARAT GOLD COIN" project valued at Rs 13.09 crore from Kamal Corporation. Both residential ventures will involve comprehensive construction activities like RCC work, masonry, and plastering, with timelines spanning 18 to 24 months.

Diversifying its project portfolio, Chavda Infra has secured a notable contract from the prestigious Nirma Education and Research Foundation. The company has been entrusted with the construction of a new hostel building on the Nirma University campus. Valued at Rs 57.25 crore, this institutional project underscores Chavda Infra's versatility in executing developments across various sectors, from residential to educational infrastructure. With a targeted completion timeline of 24 months, the project further reinforces the company's ability to deliver complex assignments within stipulated time frames.

With the addition of these new projects, Chavda Infra's order book has swelled to an impressive Rs 879.07 crore, reflecting a healthy pipeline of future revenues. This positions the company favorably to capitalize on Ahmedabad's construction boom while delivering consistent growth.

Notably, Chavda Infra is already playing a pivotal role in transforming Ahmedabad's skyline, having been contracted for three of the ten largest skyscraper projects currently underway in the city including “Mondeal One” and “The 31st”. This significant contribution exemplifies the company's capabilities in executing large-scale, complex developments that are reshaping urban landscapes.

The company's client base spans diverse segments, including leading real estate developers and institutional clients. In addition to the recent contract wins, Chavda had secured a notable order from Trogon Group in November 2023, reflecting its ability to cater to the varied demands of the market.

As investors closely monitor corporate order inflows and execution prowess within the Indian infrastructure and construction sectors, Chavda Infra's latest contract victories and its burgeoning order book signal promising growth prospects. With a formidable presence in Ahmedabad's thriving construction landscape, the company appears well-positioned to deliver substantial value to its shareholders in the years ahead.

Moneycontrol Journalists are not involved in creation of this article.