Garuda Construction and Engineering Ltd (GARUDA) — Announcement | 7 September 2026

7 September 2026 · BSE 🔴 High Importance Neutral

By StockFin Research Team•AI-Assisted Analysis•Source: BSE/NSE Filings

📢 Key Event

Subsidiary signs MoU for Jeddah landmark tower project

💡 Investor Takeaway

The MoU signals entry into high-value Saudi infrastructure development but remains contingent on approvals and project commencement.

Garuda Construction and Engineering announced its subsidiary Dream City Builders signed a Memorandum of Understanding with Almasarat Company Limited to develop a 93-storey twisting tower in Jeddah, Saudi Arabia, featuring a 350-room hotel and rooftop restaurant, with an estimated revenue potential of ₹1,800 crore for the subsidiary over five years pending approvals.

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About Garuda Construction and Engineering Ltd (GARUDA)

Construction · Infrastructure Developers & Operators · Listed on BSE

Market Cap: ₹1,646.84 CrP/E: 12.1ROE: 29.9%ROCE: 39.7%

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"What approvals are needed for the Jeddah tower project?""How does ₹1,800 crore revenue compare to Garuda's current scale?""What is the timeline for construction start after MoU signing?"

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📊 More GARUDA filings

Announcement — 23 September 2026Garuda Construction and Engineering Ltd announced that its insider trading window will close on Octo...
🔴 Annual Report — 5 September 2026Garuda Construction and Engineering Ltd reported FY 2025-26 revenue of **₹53,395.69 lakhs** and prof...
🟡 Board Meeting — 5 September 2026Garuda Construction and Engineering Limited announced its 16th Annual General Meeting will be held o...
🔴 Annual Report — 4 September 2026Garuda Construction and Engineering announced the appointment of Ms. Ketan Vyas & Company as its new...
🟡 Board Meeting — 4 September 2026The board approved appointing Ketan Vyas & Company as secretarial auditors for five years starting F...

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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