Goel Construction Reports Strong Revenue And Profit Growth

21 May 2026 CW Team

Goel Construction Company (the company) reported a substantial jump in its reported numbers, with revenue rising to Rs 12.91 bn, up 294 per cent, and EBITDA increasing to Rs 4.12 bn, up 30 per cent. Profit after tax rose to Rs 410 mn, an increase of 30 per cent, while an outlook metric stood at Rs 290 mn, up 37 per cent. The results were presented as part of the company update and reflected growth across its project portfolio.

The company is described as a specialist contractor with deep experience in the construction of industrial plants and infrastructure projects. Its primary focus remains construction of cement plants, power plants and dairy plants, among other industrial units. The firm reported over 25 years of operating history and a record of timely execution, having completed 100 projects across 13 states.

Management indicated that the firm is exploring opportunities in steel plants and other heavy industrial plants while strengthening its presence in power and new high-potential segments. We are expanding integrated structural and mechanical work to deliver end-to-end project execution and focus on margin improvement and operational efficiency. The company also stated an intention to diversify the order book while maintaining a lean balance sheet with strong cash generation.

The release included a cautionary note that certain statements are forward-looking and based on management's expectations and beliefs regarding future developments and their potential effects. It said these statements are not a guarantee of future performance and involve risks and uncertainties that could cause actual results to differ materially. The company said it does not intend to update any forward-looking statement in the release.

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..