- Business
- Teerth Gopicon Ltd (TGL:NSI) is an India-based engineering, procurement, and construction (EPC) company focused on civil engineering projects including road construction, sewerage networks, water supply and distribution systems; building construction; sewage and water treatment plants; overhead tanks and reservoirs; nalla tapping and reuse networks; lake rejuvenation; and related infrastructure works such as dams, canals, gabion structures, and compound walls. The company serves central and state government departments including ISCDL, IMC, USCL, UMC, and MPJNM, as well as private sector clients, with primary operations in Madhya Pradesh cities such as Indore, Ujjain, Jabalpur, Chhatarpur, Sagar, and Dindori. Founded in 2009 and headquartered at 204 Amar Metro, Pagnis Paga, Indore, Madhya Pradesh, with a registered office in Ahmedabad, Gujarat, Teerth Gopicon employs approximately 262 personnel and holds ISO 9001:2015 certification.
In recent developments, the company listed on the NSE Emerge SME platform in April 2024 following an initial public offering that raised Rs 44.4 crore to fund working capital and corporate purposes. In August 2024, Teerth Gopicon amended its object clause at an extraordinary general meeting to diversify into renewable energy, encompassing solar, wind, and hybrid projects, aligning with India's sustainability goals. This strategic expansion was marked by a Rs 236.8 crore order secured in December 2024 from Rajasthan Renewable Energy Corporation for rooftop solar installations on state government buildings, including design, supply, installation, and 25-year operation and maintenance. The company's order book reached Rs 1,081.25 crore as of November 2024, supported by robust H1 FY25 financials showing 82% revenue growth to Rs 681.2 crore and 202% EBITDA increase.