Popular Foundations Limited announced on September 22, 2026, the receipt of a new work order valued at ₹18.15 Crores (excluding GST) from Rajalakshmi Institute of Technology. The contract is for domestic Super Structure construction works for a proposed G+7 floors building. This order is expected to bolster the company’s order book and contribute positively to its revenue streams over the execution period of 380 days.
New Work Order Secured
Popular Foundations Limited has officially announced the acquisition of a significant new work order on September 22, 2026. The contract, awarded by Rajalakshmi Institute of Technology, is for domestic Super Structure construction works. This development signifies a positive addition to the company’s existing project pipeline.
Contract Details and Value
The value of the awarded contract stands at ₹18.15 Crores, exclusive of Goods and Services Tax (GST). The scope of work involves the construction of proposed G+7 floors with a terrace. This project is situated at the RIT-Homi Bhabha Block Phase III, Kuthambakkam, Chennai.
The order specifies a total estimated value of Rs. 18,14,72,115/-, excluding GST. The construction is mandated to commence immediately, with a completion target of 380 days from the order’s issuance date.
Project Execution and Timeline
The execution of the works will adhere to the drawings provided by the Structural and Architectural Consultants, along with applicable Standards and Specifications. The Schedule of Rates will remain fixed throughout the contract, though material escalation on major construction materials is applicable as per the offer. The commencement of construction is immediate, and the project is expected to be completed within 380 days from the order date, highlighting the essence of time in this agreement.
Source: BSE
