Rs 1,300 crore order book: This Multibagger Solar Company Declared Highest Bidder For Rs 454 Crore Indore Smart City Project Parcel

The stock price has given multibagger returns of 189 per cent in one year.

Teerth Gopicon Limited has been declared the Highest Bidder for tender documents issued by Indore Smart City Development Limited, according to an announcement made on April 19, 2025. The tender pertains to a project titled "Request for Proposal for selection of Bidder (Development Agency) for freehold sale of 68,510.492 square meters of land." This land is part of MOG Lines Land Parcel-2, specifically bearing khasra numbers 866/2(s), 866/2/3(s), 866/1/1/1 (s), and 866/1/1/2 (s). The appointed agency will develop the land as per the provisions outlined in the Indore ABD Area Master Plan, Second Call. The land parcel is valued at Rs 454,54,54,545.

Teerth Gopicon Limited has been declared the highest bidder, the Letter of Award (LOA) from the department is still pending. The company has stated that it will provide updates on any further developments related to this project. The company's details, including contact information and registered office address, were also provided in the announcement.

About Company

Teerth Gopicon Ltd. engages in the construction of roads, sewerage, and water distribution projects. The firm works as a civil contractor for various central and state government departments. It operates through the following segments: Sewerage Work, Parking Construction Work, Road Construction Work, Water Distribution Work, and Rejuvenation of Lake. The company was founded by Maheshbhai Kumbhani on October 10, 2019 and is headquartered in Indore, India.

The stock is hitting back-to-back peer circuit since the last 5 trading sessions. The stock is trading at Rs 361.90 with a market capitalisation of Rs 434 crore. The stock price has given multibagger returns of 189 per cent in one year. Investors can keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.