Kesar Infraventures Pvt Ltd secures EPC contract worth Rs. 160 crores

Kesar Infraventures Private Limited, Wholly-owned Subsidiary and the infrastructure and EPC arm of Kesar India Limited, has secured a major Engineering, Procurement and Construction (EPC) contract on May 21, 2026 for a large-scale residential development project located at Siddharth Nagar, Byculla in Central Mumbai.

The contract, awarded by M/s Zee Enterprises, carries an estimated execution value of approximately ₹160 Crore and marks a significant milestone in Kesar Group's expanding infrastructure and EPC vertical.

The project involves execution of residential towers along with allied infrastructure and amenities, including RCC construction, internal and external development works, electrical systems, plumbing, firefighting systems, roads, drainage, landscaping and associated infrastructure facilities.

The project is expected to be executed over an estimated timeline of 24 months.

Commenting on the development, Sachin Gopal Gupta, Managing Director of Kesar India Limited, said: "Securing a sizeable project in Central Mumbai adds another important milestone in our journey of building a strong infrastructure and EPC platform under the Kesar Group umbrella. We believe the infrastructure and EPC segment will emerge as a strong long-term growth vertical for the group alongside our core real estate business."

This project further strengthens Kesar Group's growing presence in the infrastructure and redevelopment segment and reinforces its focus on executing high-value projects across strategic urban locations.

Shares of Kesar India Limited was last trading in BSE at Rs. 1248.90 as compared to the previous close of Rs. 1245.75. The total number of shares traded during the day was 10200 in over 51 trades.

The stock hit an intraday high of Rs. 1256.40 and intraday low of 1235.15. The net turnover during the day was Rs. 12737940.00.

Source : Equity Bulls

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