Chavda Infra has secured a significant work order valued at Rs 2.18 billion for the construction of a commercial project named "THE IDENTITY" in GIFT City, Gandhinagar, Gujarat. The scope of the project includes reinforced cement concrete (RCC) work, masonry, plastering, and other associated construction activities. The execution timeline for this project is set at 30 months.

In addition to this new order, the company has received total orders worth Rs 5.08 billion during the current financial year. With this, the overall value of orders received to date has reached Rs 13.05 billion. The unexecuted order book currently stands at Rs 7.67 billion, indicating a strong pipeline of upcoming work.

Chavda Infra is actively involved in the construction and infrastructure sector, with expertise in developing residential, commercial, and institutional projects. The company has demonstrated consistent performance and growth in recent years.

For the financial year 2023-24 (FY24), Chavda Infra reported a notable increase in its financial performance. The company’s net profit rose by 55.7 per cent, reaching Rs 180.76 million, compared to the previous financial year. Simultaneously, net sales grew by 49.3 per cent, amounting to Rs 2.41 billion in FY24. These results reflect the company’s expanding project portfolio and efficient execution capabilities.

With a strong order book and ongoing projects, Chavda Infra continues to strengthen its position in the infrastructure development sector.

News source: Business Standard