Ganesh Infraworld Limited Reports Reduction in Order Book Following Contract Termination in Shirdi
Ganesh Infraworld Limited has announced the termination of a significant work contract for a major construction project in Shirdi, Maharashtra. The contract cancellation has resulted in a reduction of Rs. 76.11 Crores in the company's order book.The termination pertains to a turnkey contract executed with Shree Sai Nirman Realty. The scope of the original contract covered the complete project for 'Shree Sai Nirman Dream City,' Shirdi, Maharashtra. This included all civil, structural, finishing, and service works, alongside infrastructure development for 14 towers (G+7) comprising 408 flats and 32 shops.
According to details provided, the work contract was originally executed on July 31, 2025.
The company stated that the termination occurred despite Ganesh Infraworld Limited's readiness for mobilization. The primary reason cited for the contract discontinuation was the failure to make available the essential work fronts, leaving the site unsuitable for initiating activities under the Work Order.
The impact of the termination is that the order book of Ganesh Infraworld Limited shall stand reduced by Rs. 76.11 Crores.
The key details of the contract and the termination are summarized below:
| Particulars | Details |
|---|---|
| Name of Parties | Shree Sai Nirman Realty |
| Nature of Contract | Turnkey contract for 14 towers (G+7) comprising 408 flats and 32 shops for 'Shree Sai Nirman Dream City,' Shirdi, Maharashtra |
| Date of Execution | July 31, 2025 |
| Reason for Termination | Work fronts essential for commencement of execution were not made available, and the site was not in a condition to initiate activities. |
| Impact on Order Book | Reduced by Rs. 76.11 Crores |
GANESHIN Stock Price Movement
Today, Ganesh Infraworld Limited shares shed 2.39% after settling at ₹79.85, closing their session significantly lower. The stock was actively traded, recording a total volume of 24,000 shares during the market hours.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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