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RKEC Projects Secures ₹868.6 Million EPC Contract for Mumbai Maritime Infrastructure

Updated: May 15, 2025 11:30

Image Source: News on Projects
RKEC Projects Limited has clinched a major contract valued at ₹868.6 million (₹86.86 crore), strengthening its position as a leader in India’s civil and maritime infrastructure sector. The order, awarded by the Maharashtra Maritime Board, is for the construction of a state-of-the-art passenger jetty and terminal facilities at Radio Jetty near the iconic Gateway of India, Mumbai. This Engineering, Procurement, and Construction (EPC) project is set to enhance Mumbai’s water transport infrastructure, supporting the city’s growing demand for efficient and modern passenger movement.
 
Key Highlights:
  • Strategic Win: The contract reinforces RKEC’s expertise in executing complex marine and urban infrastructure projects, building on its track record with government and defence agencies.
  • Project Scope: The project includes comprehensive design and construction of passenger jetty and terminal facilities, aimed at improving connectivity, boosting tourism, and facilitating seamless passenger movement in one of Mumbai’s busiest waterfront zones.
  • Market Impact: The announcement has generated positive investor sentiment, with RKEC’s share price reflecting renewed confidence in the company’s growth prospects. Over the past year, RKEC shares have delivered over 85% returns, underscoring strong performance and market trust.
  • Financial Strength: RKEC reported robust financials for FY24, with annual revenue rising to ₹341 crore and net profit climbing to ₹20 crore, highlighting consistent growth and operational efficiency.
  • Industry Recognition: RKEC holds “Super Special Class” contractor status with the Ministry of Defence and is recognized for its expertise in marine works, bridges, highways, and large-scale civil projects across India.
This latest contract win further cements RKEC Projects’ reputation as a go-to player for critical infrastructure development in India’s urban and maritime sectors.
 
Source: Bajaj Broking, Motilal Oswal, DSIJ

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