Goel Construction ₹173 crore order: Goel Construction Company Ltd saw fresh buying interest in today’s session after the infrastructure firm announced a significant ₹173.25 crore civil works order from the Aditya Birla Group. The stock climbed as much as 5% intraday, reflecting improving sentiment and strengthened visibility on future earnings.
The company’s market capitalization now stands at ₹472.50 crore, with shares trading at ₹327, up 1.71% from the previous closing price of ₹321.50.
Major Order Win Boosts Outlook
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The newly bagged contract involves civil construction works related to PYRO, WHRS (systems consist of a heat recovery boiler), and post-clinkerisation facilities, along with safety infrastructure at Pali Cement Works in Rajasthan. The project is slated for completion within 13 months and enhances the company’s already robust order book.
This order reinforces Goel Construction’s positioning as a preferred EPC partner for major cement manufacturers across India.
Financial Performance: Revenue Slows, but Profits Hold Steady
In H1FY26, the company reported a 10% decline in revenue, falling to ₹245 crore from ₹272 crore a year earlier. Despite this downturn, net profit remained stable at ₹17 crore, highlighting disciplined cost management and consistent margin performance.
The company’s ability to maintain profitability during softer revenue cycles underscores its operational efficiency.
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Cement Projects Continue to Dominate
Cement plant construction remains the backbone of Goel Construction’s business model:
FY25 Revenue Mix:
Cement: 74%
Power: 20%
Dairy: 6%
H1FY26 Revenue Mix:
Cement: 81%
Power: 17%
Dairy: 2%
The order book follows a similar pattern, with 69% of ongoing and upcoming projects belonging to the cement segment — a sector witnessing strong industry-wide capacity expansion.
Geographically Diversified Order Book
Goel Construction’s projects are strategically spread across industrial hubs, reducing concentration risk and strengthening regional presence:
Madhya Pradesh – 27.1%
Chhattisgarh – 22.3%
Rajasthan – 18.3%
Andhra Pradesh – 13.6%
Other states like Gujarat, Karnataka, Punjab, and Uttar Pradesh hold smaller allocations in the pipeline.
Recent Client Wins Strengthen Market Standing
The company’s credibility continues to improve following two major recent developments:
- Addition of Ambuja Cement as a marquee client
- Securing its largest-ever order worth ₹260 crore from the Adani Group
With these wins, Goel Construction expects to execute ₹1,200–₹1,500 crore worth of projects over the next 18 months, driven by strong demand in cement and industrial infrastructure.
Key Ongoing Projects Across India
Goel Construction is currently executing several high-value assignments, including:
- ₹172 crore power plant project in Madhya Pradesh
- Cement plant projects worth ₹109 crore and ₹153 crore in Rajasthan
- ₹116 crore cement project in Chhattisgarh
These projects demonstrate consistent execution strength across multiple states and segments.
About Goel Construction Company Ltd
Founded in 1997, Goel Construction specializes in civil construction for heavy industrial plants, particularly in the cement, power, and dairy sectors. With decades of experience, an experienced workforce, and a strong execution track record, the company continues to expand its footprint across India’s industrial landscape.
