EFC Limited Expands Portfolio with TCS Contract and Prime Pune Property Acquisition
EFC Limited has secured a significant Design and Build contract with Tata Consultancy Services (TCS) and has entered into a Letter of Intent (LOI) for the acquisition of a prime property in Pune, India.
Efc LimitedTcsPuneReal EstateMicrocap StockReal Estate PuneAug 27, 2024
The scope of the project includes comprehensive design and build services, such as fit-out works, MEP (Mechanical, Electrical, and Plumbing) services, testing, and commissioning. This contract solidifies EFC's position as a leading provider of integrated design and construction solutions, showcasing its expertise in managing large-scale projects with precision and excellence.
EFC Limited has made a significant strategic move by entering into a Letter of Intent (LOI) for the acquisition of a prime property in Pune, India. The property, spanning 49,556 square feet and offering a seating capacity of over 1,500, is strategically located within the city.
This acquisition represents a major milestone in EFC Limited's expansion of its serviced office portfolio, reinforcing its leadership position in the managed office sector across India. The new property will play a crucial role in enhancing EFC Limited's market position and delivering exceptional facilities and services to its clients.
About EFC (I) Ltd, established in 1984, offers a range of real estate services, including office space leasing, co-working solutions, and turnkey projects. With over 20,000 seats available, their enterprise solutions cater to various industries.
The company has a market cap of Rs 2,624.5 crore. The shares of the company saw a spurt in volume by more than 2.34 times on BSE. The stock gave multibagger returns of 135 per cent in 1 year, 3,315 per cent in 3 years and a whopping 4,075 per cent in 5 years.
EFC Limited's commitment to operational excellence and market leadership has enabled it to remain at the forefront of the industry. Investors should keep an eye on this micro-cap stock.
Tata Consultancy Services (TCS) is a global leader in IT services, consulting, and business solutions. With a presence in over 50 countries, TCS has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years.
Frequently Asked Questions
What is the scope of the Design and Build contract between EFC Limited and TCS?
The scope of the project includes comprehensive design and build services, such as fit-out works, MEP (Mechanical, Electrical, and Plumbing) services, testing, and commissioning.
What is the size of the prime property acquired by EFC Limited in Pune?
The property spans 49,556 square feet and offers a seating capacity of over 1,500.
What is the market capitalization of EFC Limited?
The company has a market cap of Rs 2,624.5 crore.
What are the returns on investment for EFC Limited's stock?
The stock gave multibagger returns of 135 per cent in 1 year, 3,315 per cent in 3 years and a whopping 4,075 per cent in 5 years.
What is the significance of EFC Limited's acquisition of the prime property in Pune?
This acquisition represents a major milestone in EFC Limited's expansion of its serviced office portfolio, reinforcing its leadership position in the managed office sector across India.
Related News Articles
Macrotech Developers Expands Its Footprint in Mumbai and Pune with 3 New Land Acquisitions
Macrotech Developers, known for its Lodha brand, has acquired three land parcels in Mumbai and Pune, betting big on the growing housing demand.
Godrej Properties Wins Land Parcels in Greater Noida, Stock Surges 3%
Godrej Properties has emerged as the highest bidder for two land parcels in Greater Noida, with an estimated revenue potential of over Rs 5,000 crore.
Indian Real Estate Market Sees Historic Low in QTS Level, Driven by High Demand
The quarter-to-sell level in Indian real estate has hit a historic low, with luxury homes leading the charge. Mumbai-based Oberoi Realty reports 82% rise in net profit, driven by pricier homes.
Bollywood Stars' Big Property Deals: What Kangana Ranaut, Sajid Khan, and Kartik Aaryan Bought and Sold in Mumbai
A look at the recent property deals of Bollywood celebrities in Mumbai, including Kangana Ranaut, Sajid Khan, and Kartik Aaryan.
Lodha Group Q2FY25 Results: Net Profit Skyrockets 108% to Rs 423.1 Crore, Revenue Up 53%
The prominent real estate developer, Lodha Group (also known as Macrotech Developers), reported a significant boost in its financial performance for the second quarter of the fiscal year 2025 (Q2FY25). The company's net profit surged by 108%, reaching Rs
Miami Developer Calls for Urgent Interest Rate Cuts to Stabilize Real Estate Market
Prominent Miami real estate developer Jorge Perez emphasizes the critical need for interest rate cuts to mitigate escalating construction costs and stabilize the market.