Innovators Facade Systems Ltd Bags Work Orders Worth INR 223.79 Crores from Major Realty Giants

Image Source: The Economic Times

Innovators Facade Systems Ltd has received substantial work orders totaling approximately INR 223.79 crores for the design, supply, installation, testing, and commissioning of facade and glazing works. Key clients include Aditya Birla Real Estate and K Raheja Corp, reinforcing Innovators' leadership in premium facade solutions.

Innovators Facade Systems Limited, a reputed name in advanced facade engineering, announced securing significant work orders worth INR 223.79 crores. These orders are aimed at delivering high-end facade and glazing projects for two prominent real estate developers: Aditya Birla Real Estate Limited and K Raheja Corp.

The contract for Aditya Birla Real Estate pertains to the Tower B project at Birla Niyaara Baner, Pune, valued at approximately INR 146.19 crores, with an expected delivery timeline of 987 days from commencement. The K Raheja Corp assignment involves state-of-the-art facade works in Worli, Mumbai, priced at about INR 77.60 crores, scheduled for completion within 24 months of starting.

Both orders highlight Innovators Facade’s capability to handle large-scale, complex architectural endeavors with precision and in compliance with international quality standards. The projects underscore domestic client confidence and mark a robust growth trajectory for the company in the premium urban infrastructure segment.

Innovators Facade assured that the transactions do not involve any related party interests, adhering to regulatory and governance standards per SEBI Listing Regulations.

Key Highlights:

Total order value of INR 223.79 crores secured for facade and glazing works.
Projects awarded by Aditya Birla Real Estate Limited (INR 146.19 Cr) and K Raheja Corp (INR 77.60 Cr).
Tower B, Birla Niyaara Baner (Pune) and Worli, Mumbai are key project locations.
Delivery timelines: Approximately 987 days for Aditya Birla; 24 months for K Raheja.
Orders comply with SEBI Listing and governance requirements; no related party transactions.
Enhances Innovators’ position as a premier supplier for sophisticated architectural facades.
Demonstrates significant domestic industry confidence and business expansion potential.

Source: SEBI Filings, Innovators Facade Systems Ltd Press Release

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