Ganesh Infraworld Adverse Business Impact
Ganesh Infraworld terminated a Rs. 76.11 Crore Shirdi construction contract due to site unreadiness. This cancellation reduces the company's total outstanding order book.
- Value
- ₹76.11 Cr
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Ganesh Infraworld terminated a Rs. 76.11 Crore Shirdi construction contract due to site unreadiness. This cancellation reduces the company's total outstanding order book.
Ganesh Infraworld Limited announced the termination of its direct involvement in the remaining ₹568.41 Crore portion of a mining contract with Kandoi Transport Limited. Following the acquisition of a 60% stake in Kandoi, the unexecuted work will be handled directly by the new subsidiary to streamline operations. The company had executed ₹139.59 Crore of the original ₹708 Crore order.