Large Order Win / EPC Contract
Kesar India Secures ₹160 Crore EPC Residential Project in Central Mumbai
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BSE
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Kesar India Limited announced that its wholly owned subsidiary, Kesar Infraventures Private Limited, secured a major Engineering, Procurement and Construction (EPC) contract worth approximately ₹160 crore for a large-scale residential development project in Siddharth Nagar, Byculla, Central Mumbai. The project is expected to be executed over 24 months.
PRICE-SENSITIVE TRIGGER
Event: Kesar Infraventures secured a large residential EPC contract for a redevelopment project in Central Mumbai.
Type: Large Order Win / EPC Contract
Impact: Positive
Immediate Effect: Kesar India strengthened its EPC and infrastructure order book with a ₹160 crore residential construction contract in Mumbai.
Key Metrics:
- Order Value: Approximately ₹160 crore.
- Project Type: Engineering, Procurement and Construction (EPC).
- Execution Timeline: 24 months.
- Project Location: Siddharth Nagar, Byculla, Central Mumbai.
- Awarding Entity: M/s Zee Enterprises.
- Executing Entity: Kesar Infraventures Private Limited.
- Business Nature: Residential development EPC project.
- Order Category: Domestic contract.
- Related Party Transaction: No.
- Promoter Interest in Awarding Entity: No.
Highlight Metric:
- Kesar India’s wholly owned subsidiary secured a ₹160 crore residential EPC contract in Central Mumbai, marking a significant addition to its infrastructure and construction order pipeline.
What Happened ?
Kesar India Limited informed stock exchanges that its wholly owned subsidiary, Kesar Infraventures Private Limited, secured a major Engineering, Procurement and Construction (EPC) contract for a residential development project located at Siddharth Nagar, Byculla in Central Mumbai.
The contract was awarded by M/s Zee Enterprises and carries an estimated execution value of approximately ₹160 crore.
The project includes execution of residential towers along with associated infrastructure and amenities such as RCC construction, electrical systems, plumbing, firefighting systems, roads, drainage, landscaping, and related infrastructure facilities.
Management stated that the order marks an important milestone in Kesar Group’s expanding infrastructure and EPC vertical.
The company expects project execution to be completed over an estimated period of 24 months.
Key Details
Project Scope & Execution Details:
- The contract involves a large-scale residential development project.
- Project location is Siddharth Nagar, Byculla in Central Mumbai.
- The EPC contract includes:
- RCC construction
- Residential tower execution
- Internal development works
- External infrastructure development
- Electrical systems
- Plumbing systems
- Firefighting systems
- Roads and drainage
- Landscaping works
- Allied infrastructure facilities
- Estimated execution timeline is 24 months.
- The project will be executed by Kesar Infraventures Private Limited.
Note:
- The order expands Kesar India’s execution portfolio within urban residential EPC infrastructure projects.
Strategic Business Implications:
- The order strengthens Kesar Group’s EPC and infrastructure business vertical.
- The project adds meaningful order book visibility for the next two years.
- Mumbai redevelopment and residential infrastructure remain key growth areas for EPC contractors.
- The contract enhances Kesar India’s positioning in large-scale urban residential construction.
- Successful execution may improve future bidding opportunities in redevelopment projects.
Note:
- The contract win reflects increasing traction in Kesar India’s infrastructure execution capabilities through its EPC subsidiary.
Regulatory & Contract Structure:
- The order falls under ordinary course of business.
- The awarding entity is a domestic entity.
- The contract is categorized as a domestic EPC contract.
- No promoter or group company interest exists in the awarding entity.
- The transaction does not qualify as a related party transaction.
- The disclosure was made under Regulation 30 of SEBI Listing Regulations.
Note:
- The transaction structure indicates an arm’s-length commercial EPC engagement.
Risk Analysis
Summary:
- While the order strengthens Kesar India’s EPC pipeline, execution risks remain linked to construction timelines, cost inflation, regulatory approvals, and project cash flow management.
Key Risks:
- Construction projects remain exposed to raw material price volatility.
- Delays in approvals or execution may impact project profitability.
- Urban redevelopment projects carry operational and compliance complexities.
- Margin pressure may arise from labour and infrastructure cost escalation.
- Working capital requirements may increase during peak execution phases.
- Timely completion remains critical for maintaining execution credibility.
Worst Case Scenario:
- If construction costs rise sharply or project execution faces delays, profitability and cash flow realization from the contract could come under pressure.
Risk Level: Medium
Company Commentary
- Kesar Infraventures secured the EPC contract on May 21, 2026.
- The order marks a significant milestone for Kesar Group’s EPC business.
- The contract value is approximately ₹160 crore.
- The project involves residential towers and allied infrastructure facilities.
- Execution timeline is estimated at 24 months.
- The company confirmed the contract is not a related party transaction.
Official Exchange Filing: Kesar India Limited