Synopsis: Kesar India Limited’s wholly owned subsidiary has secured a Rs. 160 crore EPC contract for a residential development project in Byculla, Mumbai. The project strengthens the company’s infrastructure and EPC business vertical with an execution timeline of 24 months.
Real estate and EPC stock gained attention after securing a large residential construction contract in Central Mumbai. The latest development is expected to strengthen the company’s order book and improve long-term revenue visibility amid rising residential and infrastructure development activity across metro cities.
Kesar India Limited has a total market capitalization of Rs. 3,589.94 crore, according to data on the BSE. Kesar India shares were trading at Rs. 1256.40 apiece on the Bombay Stock Exchange, up by 0.85 percent; the stock has gained around 0.58 percent over the last five sessions, while it has gone up about 0.54 percent in the 30 days. Over a six-month period, the stock has given a return of 43.59 percent, whereas on a year-on-year basis it has surged nearly 94.49 percent, reflecting positive overall performance. The stock’s 52-week high was Rs. 1287.40 and 52-week low was Rs. 530.
Kesar India Limited has announced that its wholly owned subsidiary, Kesar Infraventures Private Limited, has secured a major Engineering, Procurement and Construction (EPC) contract for a large-scale residential redevelopment project located at Siddharth Nagar, Byculla in Central Mumbai.
The contract has been awarded by Zee Enterprises and carries an estimated execution value of approx Rs. 160 crore. According to the company, the project is expected to be completed within a timeline of 24 months.
The scope of the project includes construction of residential towers along with allied infrastructure and amenities such as RCC works, internal and external development, electrical systems, plumbing, firefighting systems, roads, drainage, landscaping and other associated infrastructure facilities.
The latest contract is strategically important for Kesar India as it significantly strengthens the company’s EPC and infrastructure execution portfolio. Large residential redevelopment projects in metro cities generally improve long-term revenue visibility and support future order inflows in the urban infrastructure and real estate segment.
India’s residential real estate and redevelopment sector continues witnessing strong growth driven by urbanization, rising housing demand, redevelopment activity and infrastructure expansion across major cities. EPC companies involved in integrated residential construction projects are expected to benefit from increasing redevelopment opportunities and large-scale urban housing demand.
Kesar India Limited operates in the real estate and infrastructure development segment with focus on luxury residential, commercial and mixed-use projects. Through its subsidiary Kesar Infraventures, the company is also expanding its presence in engineering, procurement and construction activities across residential and infrastructure projects.
Overall, the Rs. 160 crore EPC contract strengthens Kesar India’s project pipeline and supports future operational growth. Going forward, project execution efficiency, redevelopment demand, infrastructure spending and additional EPC order inflows will remain key factors influencing the company’s future performance.
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