Kesar Infraventures Secures ₹160 Crore EPC Contract for Large Residential Project in Central Mumbai
Kesar Infraventures Private Limited, the wholly-owned subsidiary and infrastructure and EPC arm of Kesar India Limited, has secured a significant Engineering, Procurement and Construction (EPC) contract. The project, located at Siddharth Nagar, Byculla in Central Mumbai, has an estimated execution value of approximately ₹160 Crore.The contract was awarded by M/s Zee Enterprises for a large-scale residential development project. Securing this contract marks a major milestone for the Kesar Group's growing infrastructure and EPC vertical.
The project scope is extensive, involving the execution of residential towers along with crucial allied infrastructure and amenities. These works include RCC construction, internal and external development works, electrical systems, plumbing, firefighting systems, roads, drainage, and landscaping.
The project is estimated to be executed over an timeline of 24 months.
| Detail | Description |
|---|---|
| Contract Value | Approximately ₹160 Crore |
| Project Location | Siddharth Nagar, Byculla, Central Mumbai |
| Awarding Entity | M/s Zee Enterprises |
| Project Scope | Residential Towers and Allied Infrastructure |
| Estimated Timeline | 24 months |
Comment on the development, Sachin Gopal Gupta, Managing Director of Kesar India Limited, stated that the contract further strengthens the Kesar Group's presence in the infrastructure and redevelopment segment. Gupta noted that the infrastructure and EPC segment will emerge as a strong long-term growth vertical for the group, complementing its core real estate business.
Kesar India Limited, which operates under the 'Kesar Lands' brand, is a Nagpur-based real estate development company. The company has a legacy spanning over four decades and maintains a diversified portfolio across quality residential, commercial, plotted, and mixed developments.
Stock Price Movement
As of 11:39, Kesar India Ltd is edging higher, trading at ₹1249.80, representing a 0.33% gain. Throughout the session, shares have navigated an intraday range, moving between a low of ₹1244.00 and a peak of ₹1256.40.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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