Conart Engineers Ltd secured a ₹304 million order from Powerstatic Solutions India Pvt Ltd to build a factory at Sanand GIDC, Gujarat. The eight-month project strengthens its portfolio, boosts revenue visibility, and reinforces its role in India’s industrial infrastructure sector. The order was disclosed under SEBI Regulation 30.
Conart Engineers Ltd, a civil construction and engineering company, announced that it has received a work order worth ₹304 million (₹30.38 crore) from Powerstatic Solutions India Pvt Ltd. The project involves the construction of a new factory building and related infrastructure at Sanand GIDC, Ahmedabad, Gujarat.
Key Highlights
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Order Value: The contract is valued at ₹304 million, adding significant strength to Conart’s ongoing project portfolio.
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Project Scope: The order includes factory building construction and supporting infrastructure, with a completion timeline of eight months.
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Client: Awarded by Powerstatic Solutions India Pvt Ltd, the project underscores Conart’s credibility in executing industrial infrastructure projects.
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Strategic Impact: The deal is expected to boost revenue visibility and enhance Conart’s presence in Gujarat’s growing industrial hub.
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Compliance: The company disclosed the order under SEBI Regulation 30, confirming transparency and adherence to corporate governance standards.
This development highlights Conart Engineers’ ability to secure high-value contracts, positioning it as a reliable partner in India’s industrial and infrastructure growth story.
Sources: ScanX News, MarketScreener