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.
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