Latest news with #NBCC
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Business Standard
2 days ago
- Business
- Business Standard
Globe Civil Projects zooms 5% on securing this deal from NBCC; details here
Globe Civil Projects share price: Globe Civil Projects shares rose as much as 4.51 per cent to hit an intraday high of ₹91.94 per share. At 10:40 AM, the share price was trading 0.67 per cent higher at ₹88.56. In comparison, BSE Sensex was trading 0.42 per cent higher at 82,101.16 levels. Why did Globe Civil Projects rise in trade? Globe Civil Projects shares jumped initially after the company announced the receipt of an order from NBCC (India) Ltd. valued at ₹172.99 crore. The contract involves the development of infrastructure and buildings for the Central University of Punjab at Village Ghudda in Bathinda, Punjab, on an Engineering, Procurement, and Construction (EPC) basis. The scope of work under this comprehensive infrastructure contract includes construction of key institutional and residential buildings such as a 400-seater Girls Hostel, a 600-seater Boys Hostel, one Academic Block, a 100-seater International Students Hostel, Vice Chancellor's Residence, and extensive external development works for campus infrastructure. The project is scheduled to be completed within a span of approximately 21 months. Ved Prakash Khurana, chairman and whole-time director of Globe Civil Projects said, 'We are delighted to win this landmark ₹172.99 crore mandate from NBCC for the Central University of Punjab. The project deepens our presence in the education-infrastructure segment and validates Globe Civil Projects Limited's ability to deliver end-to-end EPC solutions for large, multifaceted campuses.' Khurana added, 'We appreciate NBCC's continued confidence in our expertise and look forward to partnering closely with all stakeholders to create future-ready academic and residential facilities that will serve students and faculty for decades to come. Our multidisciplinary team spanning civil, structural, MEP, and project-management specialists is fully mobilised to complete the works within the stipulated 21-month schedule. We will leverage proven construction technologies, rigorous safety protocols, and robust quality-assurance systems to ensure on-time, on-budget delivery while upholding the highest standards of workmanship and environmental stewardship. This project exemplifies our commitment to engineering excellence, operational efficiency, and value creation for our clients and the communities we serve.' About Globe Civil Projects Globe Civil Projects Limited, headquartered in New Delhi, is an integrated Engineering, Procurement, and Construction (EPC) company involved in executing a wide range of infrastructure and non-infrastructure projects across India. With operations spanning eleven states, the company has established a solid track record in delivering projects across Transport & Logistics, Social & Commercial Infrastructure, and Premium Residential and Commercial Developments. Traditionally known for its expertise in constructing railway infrastructure and educational institution buildings, Globe Civil Projects has strategically diversified into more complex and specialised segments, including railway bridges, elevated railway terminals, airport terminals, and hospitals. Beyond core construction, the company offers a suite of turnkey services encompassing Mechanical, Electrical & Plumbing (MEP) works, HVAC systems, fire detection and suppression systems, as well as architectural and structural solutions. Globe Civil Projects is also active in the trading of construction materials, particularly TMT steel, thereby enhancing its presence across the infrastructure value chain. The company achieved a major milestone with its successful IPO, raising ₹119 crore and debuting on both the NSE and BSE on July 1, 2025 – marking a new chapter in its growth journey within India's expanding infrastructure landscape.
Business Standard
4 days ago
- Business
- Business Standard
Globe Civil Projects bags work order of Rs 193 cr from NBCC
Globe Civil Projects has received a letter of award from NBCC (India) for construction of infrastructure facilities work/ buildings i.e. academic building, residential buildings, campus development etc. in campus of Central University of Punjab at village of Ghudda, Distt. Bathinda (Pb.) on EPC Basis. The estimated cost of the project is Rs 193.13 crore.
Mint
4 days ago
- Business
- Mint
Small-cap stock below ₹100 will be in focus on Monday amid ₹173 crore order from NBCC
Shares of Globe Civil Projects will be on focus on Monday, July 21 following the receipt of a letter of award from NBCC (India) for the construction of infrastructure facilities and buildings valued at ₹ 193.13 crore. 'M/S GLOBE CIVIL PROJECTS LIMITED' has received a Letter of Award for "Construction of the Infrastructure facilities works/buildings i.e. Academic building, residential buildings, campus development etc. in campus of Central University of Punjab at village of Ghudda, Distt. Bathinda (Pb.) on EPC Basis," said the company in an exchange filing. Recently, the shares of Globe Civil Projects, a provider of engineering and construction services, debuted at a 28.3% premium on the exchanges on July 1. The stock launched at ₹ 91.10 on the BSE and ₹ 90 on the NSE, indicating a 26.76% increase from its issue price of ₹ 71. Globe Civil Projects share price ended with a premium of over 33% in market debut as against the issue price of ₹ 71. This marks the company's initial order since its launch on the bourses. On Friday, Globe Civil Projects shares ended 2.61% higher at ₹ 87.97 apiece on the BSE. The initial public offering of ₹ 119 crore was priced between ₹ 67 and ₹ 71 per share. Globe Civil Projects plans to allocate ₹ 75 crore of the IPO funds to meet its working capital needs, ₹ 14.26 crore for capital expenditures related to acquiring construction equipment/machinery, and the remaining amount will be directed to general corporate purposes and the costs related to the issue, as stated by the company. On the last day of bidding, the initial share sale of Globe Civil Projects was oversubscribed by an impressive 86 times. The company's market capitalization was valued at ₹ 565.66 crore. Globe Civil Projects Limited is a full-service Engineering, Procurement, and Construction (EPC) company situated in New Delhi. The firm has successfully executed projects in 11 states throughout India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. As of August 31, 2024, the company's total order backlog stands at ₹ 8,929.45 million, covering 14 different projects. According to the red herring prospectus (RHP), the company's listed competitors include B L Kashyap and Sons Ltd (with a P/E ratio of 29.57), Ceigall India Ltd (with a P/E ratio of 12.88), PSP Projects Ltd (with a P/E ratio of 20.38), Capacit'e Infraprojects Ltd (with a P/E ratio of 20.56), and Ahluwalia Contracts (India) Ltd (with a P/E ratio of 16.41).
CBC
4 days ago
- Business
- CBC
Modular manufacturing ramps up production in N.B. to meet housing demand
Henrique Manreza knew he would love small-town life in Woodstock when he moved to New Brunswick three years ago from San Paulo, a Brazilian city of 12 million. An outdoorsy person, he loves to hike and kayak, and he's even learning to fish. "In San Paulo, if you want to go into nature, you need to travel two hours or something like that. Here, in 15 minutes I'm in the middle of the woods or in the middle of a huge river. It is just an awesome place." Manreza also knew he wanted to work in construction, specifically the modular construction industry with Woodstock-based Ironwood Manufactured Homes, where he would work indoors all the time. "I'm from Brazil, so winter [here] can be hard on us," he said. "And then here you can work the entire year inside. Of course you feel the cold, but it's not the same as working outside." WATCH | 'With us it's always on time, on budget,' says modular housing developer: Home shopping? Your new place to live could come from a factory 4 minutes ago The ability to work indoors is one of the strengths of an industry that has become a focal point for provincial and federal governments trying to meet demands for new housing nationwide. Workers like ducking the cold weather outdoors, and companies say it considerably shortens the time frame for the construction of new houses and apartment buildings. Manreza is part of a pipeline of trades students from New Brunswick Community College in Woodstock. Many want to work in modular construction, and one of the main reasons is to avoid the inclement weather in the outdoor construction industry. Ironwood owner Mark Gaddas likes the mix of employees — young and older, newcomers and people born and raised here. "We have a pretty diverse workforce," Gaddas said. "We've got a really good working relationship with NBCC. Most of our employees have come through one of their programs. We certainly work with the Atlantic immigration program too. We are going to have to look towards immigrants as our workforce needs increase." Companies like Ironwood need the infusion of new people as modular construction becomes a key driver in a housing sector that's trying to keep pace with a growing population in New Brunswick and across the country. To keep pace itself, Ironwood is building a new 100,000-square-foot factory to replace the 10,000-square-foot one. The current plant produces a house every one to two weeks, and has turned down opportunities to do projects such as multi-unit apartment buildings because it would tie up their operations for weeks, and they'd have to turn away house builds that are the staple of the business. "We've got 33 guys on the floor right now, and they go non-stop," Gaddas said. Brandon Searle, the director of innovation and operations of the Off-site Construction Research Centre at the University of New Brunswick, says speed is a key feature of modular construction, which is especially important given Prime Minister Mark Carney's commitment to doubling the amount of new homes constructed per year to 500,000. "I don't think the country's ever built much more than 250,000," Searle said. "If you want to really produce that, we have to rethink how we do things." The UNB centre works with industry partners on innovative pre-fabricated solutions in panellized, precast concrete, mass timber, modular construction, and has produced a simulation for the production design and flow in the new Ironwood facility. Carney has said that modular and other forms of pre-fabricated construction will be critical to doubling the amount of new housing. The New Brunswick government has said the same. David Hickey, the minister responsible for the New Brunswick Housing Corp., said they're counting on companies to ramp up production, as Ironwood will do when the new plan opens in the fall. The provincial and federal governments have put 2.5 million into helping the company expand its workforce and build a plant that can produce multi-unit buildings and more single-family homes in the $200,000 to $300,000 range. "We need to be doing a better job of making sure we're investing in [modular construction], seeing the economic development opportunity … but also as a solution to the supply crisis that we're in in housing and really solving that question around how we fill the 'missing middle,'" Hickey said. Gaddas said the main attractions for modular-home buyers are speed and price predictability. His team can construct a single-family home in the shop, deliver the large Lego-like pieces by truck to the site, and assemble it all within four to six weeks. A traditional on-site build is four to six months, he said. The price is also locked in once the estimate is done, because there are no cost overruns that come from dealing with weather and co-ordination of tradespeople with on-site construction. "With us it's always on time, on budget," he said. Ironwood currently employs 54 people, with 33 on the shop floor. Gaddas said the new plant will have up to 85, with as many as 65 on the shop floor, ramping up production and opening up new opportunities for the company. "We're essentially recognized as a custom-home builder for single-family homes," he said. "Our new facility will open up additional markets such as the multi-residential, and the hospitality industry, so a lot of your hotel chains now are looking at modular builds. University dormitories can be built using modular technology."
Mint
4 days ago
- Business
- Mint
Small-cap stock below ₹100 will be in focus on Monday amid ₹173 crore order from NBCC
Shares of Globe Civil Projects will be on focus on Monday, July 21 following the receipt of a letter of award from NBCC (India) for the construction of infrastructure facilities and buildings valued at ₹ 193.13 crore. 'M/S GLOBE CIVIL PROJECTS LIMITED' has received a Letter of Award for "Construction of the Infrastructure facilities works/buildings i.e. Academic building, residential buildings, campus development etc. in campus of Central University of Punjab at village of Ghudda, Distt. Bathinda (Pb.) on EPC Basis," said the company in an exchange filing. Recently, the shares of Globe Civil Projects, a provider of engineering and construction services, debuted at a 28.3% premium on the exchanges on July 1. The stock launched at ₹ 91.10 on the BSE and ₹ 90 on the NSE, indicating a 26.76% increase from its issue price of ₹ 71. Globe Civil Projects share price ended with a premium of over 33% in market debut as against the issue price of ₹ 71. This marks the company's initial order since its launch on the bourses. On Friday, Globe Civil Projects shares ended 2.61% higher at ₹ 87.97 apiece on the BSE. The initial public offering of ₹ 119 crore was priced between ₹ 67 and ₹ 71 per share. Globe Civil Projects plans to allocate ₹ 75 crore of the IPO funds to meet its working capital needs, ₹ 14.26 crore for capital expenditures related to acquiring construction equipment/machinery, and the remaining amount will be directed to general corporate purposes and the costs related to the issue, as stated by the company. On the last day of bidding, the initial share sale of Globe Civil Projects was oversubscribed by an impressive 86 times. The company's market capitalization was valued at ₹ 565.66 crore. Globe Civil Projects Limited is a full-service Engineering, Procurement, and Construction (EPC) company situated in New Delhi. The firm has successfully executed projects in 11 states throughout India, including Uttar Pradesh, Haryana, Delhi, Maharashtra, Andhra Pradesh, Karnataka, Gujarat, Chhattisgarh, Rajasthan, Uttarakhand, and Himachal Pradesh. As of August 31, 2024, the company's total order backlog stands at ₹ 8,929.45 million, covering 14 different projects. According to the red herring prospectus (RHP), the company's listed competitors include B L Kashyap and Sons Ltd (with a P/E ratio of 29.57), Ceigall India Ltd (with a P/E ratio of 12.88), PSP Projects Ltd (with a P/E ratio of 20.38), Capacit'e Infraprojects Ltd (with a P/E ratio of 20.56), and Ahluwalia Contracts (India) Ltd (with a P/E ratio of 16.41). Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
