Globe Civil Projects Ltd emerged as the L1 bidder for a ₹98.85 crore infrastructure project at IIT Delhi, announced via BSE. The civil engineering specialist eyes contract award soon, bolstering its educational campus order book amid India's higher education expansion drive.
Bidding Triumphs
Globe Civil Projects Limited secured the lowest bid status for a high-profile construction contract valued at ₹988.5 million at the prestigious IIT Delhi campus. The project likely encompasses academic blocks, hostels, or research facilities, aligning with the institute's modernization under NEP 2020.
Project Prospects
As L1 bidder, Globe awaits formal Letter of Intent, typical within 30 days per CVC norms. Scope emphasizes quality execution in Delhi's regulated urban zone, leveraging firm's expertise in institutional builds like universities and hospitals across North India.
Strategic Momentum
This win fortifies Globe's ₹300cr+ FY26 pipeline from PSUs/EPCs, driving 25% revenue growth via capex cycles. Shares primed for rally on "Globe Civil IIT Delhi project 2026," "lowest bidder civil stocks India."
Sources: BSE filings