Goel Construction Company Secures Rs. 86.5 Crore Service Order from Dalmia Cement

SYNOPSIS: Goel Construction Company secures a Rs. 86.5 crore service order from Dalmia Cement for civil works at its Kadapa L2 unit, enhancing order book strength and near-term execution visibility. During Tuesday’s trading session, shares of a civil contractor specialising in the construction of industrial plants and infrastructure projects surged nearly 7 percent on BSE, after the company announced securing a work contract worth Rs. 86.5 crores from Dalmia Cement (Bharat) Limited. At 02:12 p.m., shares ofGoel Construction Company Limitedwere trading in the green at Rs. 310 on BSE, up by more than 2 percent, as against its previous closing price of Rs. 303, with a market cap of Rs. 448 crores. The company closed its Initial Public Offering (IPO) of Rs. 100.11 crores and listed on the BSE SME on 9th September 2025. According to the latest disclosures filed with the BSE, Goel Construction Company Limited has bagged a service order worth Rs. 86.5 crore (excluding taxes) fromDalmia Cement (Bharat) Limited. The contract entails execution of main plant civil works for post-clinkerisation activities at the Kadapa L2 unit in Andhra Pradesh, with a stipulated completion timeline of 11 months from the issuance of the Notice to Proceed. Previously, on 18th November, the company had secured a Rs. 173.25 crore service order from Aditya Birla Group for the execution of civil works for PYRO, WHRS and post-clinkerisation, along with safety-related works at the Pali Cement Works unit. GCC reported a marginal decline in revenue from operations, experiencing a decrease of around 23 percent HoH, from Rs. 318 crores in H2 FY25 to Rs. 245 crores in H1 FY26. Net profit followed a similar trajectory, easing to Rs. 17 crore from Rs. 22 crore over the same period, reflecting a near 23% HoH contraction. Adjusted EBITDA margin improved by 66 basis points YoY to 10%, supported by improved project execution efficiency and better cost control. The company continues to maintain a healthy working capital profile, underpinned by efficient project execution and timely customer collections. Operating cash flows remained strong during the period. Capital expenditure of Rs. 17 crore was incurred, primarily towards fleet and equipment expansion. Additionally, GCC received ~Rs. 76 crore from the recent issue, earmarked for equipment procurement, debt reduction, and funding future growth initiatives. Looking ahead, backed by a robust order book and expected inflows, the company targets execution of Rs. 1,200-1,500 crore worth of projects over the next 18 months. Management’s focus remains on timely delivery and margin enhancement through cost optimization and operational efficiencies within the existing scope of work. The company’s order book expanded sharply to Rs. 1,153 crore as of March 2025, from Rs. 438 crore earlier, supported by fresh order inflows of Rs. 910 crore during the current financial year. Cement projects account for the majority of the order book at Rs. 790 crore (68.5 percent), followed by power at Rs. 312 crore (27.1 percent) and dairy at Rs. 51 crore (4.5 percent). The company highlighted that the execution is expected to regain momentum in the second half of FY26, aided by the record-high order book. Goel Construction Company Limited is primarily engaged in the business of civil construction. Its primary focus and strength has been deeply rooted in the construction of cement plant, power plant and dairy plant and other industrial plants. Over the last 25 years, GCC has completed 100+ projects across 12 states. Written by Shivani Singh Disclaimer The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.