Garuda Construction Secures Major Redevelopment Contract for 'Shikhar-B' in Mumbai
Garuda Construction and Engineering has secured a significant civil work contract worth approximately Rs 143.96 crore for the 'Shikhar-B' redevelopment project in Oshiwara, Mumbai. The project, awarded by Orbit Ventures Developers, is set to enhance the company's order book to around Rs 3,229.78 crore.
RedevelopmentConstructionGaruda ConstructionMumbaiInfrastructureReal Estate MumbaiOct 09, 2025
The contract, secured from Orbit Ventures Developers, involves extensive engineering, procurement, and construction (EPC) work. The project is expected to be completed within 36 months, contingent upon the receipt of further clearances. This new order not only bolsters Garuda Construction’s total order book to around Rs 3,229.78 crore but also reflects the strong industry demand for high-quality redevelopment projects.
The 'Shikhar-B' project is a testament to Garuda Construction’s expertise in handling complex redevelopment assignments. The company’s focus on timely execution and high standards of quality has been a key factor in its success. Redevelopment projects like 'Shikhar-B' are crucial for urban transformation, as they help in modernizing aging infrastructure and improving living conditions in densely populated areas.
Garuda Construction has been actively expanding its footprint in large-scale infrastructure projects. This growth is a direct result of the company’s ability to deliver projects on time and within budget, coupled with its commitment to sustainability and innovation. The company’s portfolio includes a diverse range of projects, from residential and commercial complexes to industrial and public infrastructure.
The contract for 'Shikhar-B' is expected to create numerous employment opportunities and contribute to the local economy. Garuda Construction is committed to working closely with local authorities and stakeholders to ensure the project’s success and to deliver a high-quality product that meets the expectations of the community.
In conclusion, the 'Shikhar-B' redevelopment project represents a significant milestone for Garuda Construction and Engineering. It not only enhances the company’s reputation in the industry but also demonstrates its capability to undertake and successfully complete complex projects. As the company continues to grow, it remains dedicated to delivering value to its clients and contributing to the development of Mumbai’s urban landscape.
Frequently Asked Questions
What is the value of the 'Shikhar-B' redevelopment project?
The 'Shikhar-B' redevelopment project is valued at approximately Rs 143.96 crore.
Who awarded the contract for the 'Shikhar-B' project?
The contract for the 'Shikhar-B' project was awarded by Orbit Ventures Developers.
What is the expected timeline for the 'Shikhar-B' project?
The 'Shikhar-B' project is expected to be completed within 36 months from the receipt of further clearances.
How does this project affect Garuda Construction's order book?
This project boosts Garuda Construction's total order book to around Rs 3,229.78 crore.
What is the significance of the 'Shikhar-B' project for urban development in Mumbai?
The 'Shikhar-B' project is significant for urban development in Mumbai as it helps in modernizing aging infrastructure and improving living conditions in densely populated areas.
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