Chavda Infra Bolsters Order Book with New ₹89.45 Crore Adani Shantigram High-Rise Contract
Chavda Infra Limited (NSE: CHAVDA) has secured a major construction contract worth ₹89.45 crore (excluding GST) from ADI Shantigram Abode LLP, further strengthening its presence in India’s real estate and infrastructure sector. The latest order adds significant momentum to the company’s project pipeline and enhances its long-term revenue visibility.
The contract involves the construction of the core and shell for a proposed residential high-rise tower at the prestigious Adani Shantigram Township in Ahmedabad, one of Gujarat’s largest integrated townships.
Large Residential High-Rise Project in Ahmedabad
Under the agreement, Chavda Infra will undertake comprehensive structural construction work, including:
- Two basement levels
- Ground floor and plinth
- Construction of all 21 floors
- Terrace slab
- Overhead water tanks
- Other associated structural works
The project is scheduled to be completed within 24 months, with the targeted completion date set for July 31, 2028.
Order Book Expands to ₹813.90 Crore
With the addition of this new contract, Chavda Infra’s total unexecuted order book has increased to approximately ₹813.90 crore.
A strong order backlog provides the company with improved revenue visibility over the coming years and reflects steady demand for its construction expertise in the residential and infrastructure sectors.
Key Project Details
- Client: ADI Shantigram Abode LLP
- Project: Residential High-Rise (Core & Shell Construction)
- Location: Adani Shantigram Township, Ahmedabad
- Order Value: ₹89.45 crore (excluding GST)
- Execution Timeline: 24 months
- Expected Completion: July 31, 2028
Management Commentary
Commenting on the project win, Mahesh G. Chavda, Managing Director of Chavda Infra Limited, said:
“We are pleased to secure this prestigious work order, reflecting the trust our clients place in Chavda Infra’s execution capabilities and commitment to quality.”
He added that the new order strengthens the company’s project portfolio while reinforcing its position in the high-rise construction segment, allowing it to capitalize on growing opportunities in India’s expanding real estate and infrastructure markets.