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Business Standard
11 hours ago
- Business
- Business Standard
Choice Intl's arm bags Rs 63.43 cr projects from Maharashtra and Odisha Governments
Choice International announced that its wholly owned subsidiary, Choice Consultancy Services, has secured two significant project development contracts worth approximately Rs 63.47 crore (inclusive of GST). The projects have been awarded by the State Governments of Maharashtra and Odisha. These contracts mark a significant step in expanding the company's footprint in the public sector transformation and infrastructure planning sectors across India. The company has been awarded a prestigious work order worth Rs 52.80 crores by the Maharashtra Institution for Transformation (MITRA), part of the Government of Maharashtra. This assignment is a crucial part of the World Bank-supported MahaSTRIDE Program aimed at enhancing institutional capabilities at the district level across the Chhatrapati Sambhajinagar Division. The engagement spans a period of five years and focuses on driving data-backed, growth-oriented decision-making. The project is aligned with Indias vision of a $5 trillion economy and Maharashtras goal of achieving a $1 trillion economy. The District Strategic Units (DSUs) established under this initiative will play a pivotal role in supporting these economic goals. Additionally, Choice Consultancy Services has emerged as the H1 (highest-ranked) bidder for the project titled Providing Engineering Consultancy Services in 58 Urban Local Bodies of Odisha State. The project, floated by the State Urban Development Agency (SUDA) under the Housing and Urban Development Department, Government of Odisha, aims to enhance urban infrastructure planning and technical capacity to manage rapid urbanization across the state. With a proposed value of Rs 10.67 crores, this engagement is expected to span two years, pending the final confirmation of the work order. The companys involvement in these initiatives directly aligns with the Government of Indias vision to modernize institutions, expand digital access, and promote inclusive economic growth. By contributing to these transformative programs, the company solidifies its position as a trusted partner in executing high-impact public development strategies across the nation, it added. Arun Poddar, CEO of Choice International, said: "We are proud to deepen our engagement with public sector partners through these important assignments. Our commitment to advancing Institutional capabilities and urban infrastructure is unwavering, and we remain focused on delivering impact-driven, technology-enabled solutions that empower communities and contribute to Indias long-term growth. These project wins further validate our strategic direction and reinforce our positioning as a trusted execution partner in high-value public sector initiatives." Headquartered in Mumbai, Choice Group is a decade old organization, engaged in providing diversified services on finance, engineering and consulting activities. It has its membership and registration with SEBI, RBI, NSE, BSE, MCX, NCDEX, AMFI and depository participant with CDSL & NSDL. The companys consolidated net profit jumped 35.85% to Rs 53.51 crore on 17.93% increase in revenue from operations to Rs 253 crore in Q4 FY25 over Q4 FY24. The scrip shed 0.11% to Rs 7.05.10 on the BSE.
Business Upturn
14 hours ago
- Business
- Business Upturn
Choice International secures public sector projects worth Rs 63.47 crore in Maharashtra and Odisha
By Aditya Bhagchandani Published on June 5, 2025, 10:02 IST Choice International Limited's subsidiary, Choice Consultancy Services, has secured two major public sector mandates with a combined estimated value of ₹63.47 crore (inclusive of GST). These wins mark a significant step in the company's public sector engagement strategy. The first project, valued at ₹52.80 crore, has been awarded by the Maharashtra Institution for Transformation (MITRA) under the World Bank-supported MahaSTRIDE program. It involves setting up District Strategic Units in the Chhatrapati Sambhajinagar Division to support data-driven decision-making and institutional growth over a five-year period. The second project win is in Odisha, where Choice emerged as the top-ranked bidder for engineering consultancy services across 58 urban local bodies. The ₹10.67 crore engagement, initiated by SUDA under the Housing and Urban Development Department, focuses on improving urban infrastructure planning over two years. CEO Arun Poddar emphasized the strategic importance of these contracts, aligning with India's digital and institutional modernization goals. Choice's involvement in these initiatives underlines its role in high-value public development execution. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Recorder
25-05-2025
- Business
- Business Recorder
Reforms key to recovery, poverty reduction for Pakistan: World Bank
ISLAMABAD: Pakistan's path to sustainable economic recovery and poverty alleviation rests on comprehensive reforms that prioritise human capital, macroeconomic stability, climate resilience, sustainable energy, and private sector growth. This was stated by the World Bank Managing Director for Operations, Anna Bjerde, at the conclusion of a two-day visit to Pakistan. She commended the authorities for the reform momentum and stressed the need for continuity in implementation to sustain economic stability and to elicit a stronger investment and growth response by the private sector. Pakistan's economic turnaround wins global recognition: World Bank Anna Bjerde met with Prime Minister Shehbaz Sharif and expressed her appreciation for the collaboration on the new 10-year World Bank Group Country Partnership Framework with Pakistan. They also discussed the need for coordinated reforms at the federal and provincial levels to ensure sustained and inclusive growth. The World Bank official said, 'during my visit, we discussed the next steps on the reform agenda of the government, especially in the fiscal, digital, and energy sectors, as well as the potential of the country in terms of private-led growth and entrepreneurship, particularly to create quality jobs for women and youth.' She also met the Minister of Economic Affairs and Governor of the World Bank Group, Ahad Khan Cheema; the Minister of Finance and Revenue, Muhammad Aurangzeb; the Minister for Planning, Development and Special Initiatives, Ahsan Iqbal; the Minister of Energy (Power Division), Sardar Awais Laghari; the Minister for Poverty Alleviation and Social Safety, Syed Imran Ahmad Shah; the Chairperson Benazir Income Support Programme, Rubina Khalid; the Chairman Federal Board of Revenue, Rashid Mahmood Langrial; as well as members of the National Assembly, the Senate, women leaders and other senior government representatives. The discussions focused on implementing the Country Partnership Framework to help address the most critical socio-economic challenges of the country, in terms of human capital development, particularly for women and girls, access to water and sanitation, climate resilience, and natural disaster risk reduction, and the foundations of private-led growth and job creation. Bjerde had the opportunity to visit the World Bank-supported project sites in Shaheed Benazirabad District in Sindh, where she was accompanied by Chief Minister Sindh, Murad Ali Shah, and Sindh Minister of Health, Dr Azra Fazal Pechuho. She and the World Bank delegation were hosted by the First Lady of Pakistan and member of National Assembly, Aseefa Bhutto Zardari. The visit included meetings with beneficiaries and staff of the 2022 Sindh Flood Emergency Housing Reconstruction Project, as well as an exchange with the medical staff and female patients of a Basic Health Unit supported by the National Health Support Programme. While in Sindh, Bjerde exchanged with Chief Minister Shah and members of his Cabinet on ongoing and planned projects to support the development of the province. Copyright Business Recorder, 2025
Express Tribune
24-05-2025
- Business
- Express Tribune
World Bank urges reform continuity
Listen to article World Bank Managing Director for Operations, Anna Bjerde, concluded a two-day visit to Pakistan yesterday and discussed coordination for economic reform between Pakistan and the World Bank. During her visit, she commended the authorities for the reform momentum and stressed the need for continuity in implementation to sustain economic stability and elicit a stronger investment and growth response by the private sector, said a release issued here. Bjerde met with Prime Minister Mian Muhammad Shehbaz Sharif and expressed appreciation for the collaboration on the new 10-year World Bank Group Country Partnership Framework with Pakistan. They also discussed the need for coordinated reforms at the federal and provincial levels to ensure sustained and inclusive growth. "Pakistan's path to sustainable economic recovery and poverty alleviation rests on comprehensive reforms that prioritise human capital, macroeconomic stability, climate resilience, sustainable energy and private sector growth," said Bjerde. "During my visit, we discussed the next steps on the reform agenda of the government, especially in the fiscal, digital, and energy sectors, as well as the potential of the country in terms of private-led growth and entrepreneurship, particularly to create quality jobs for women and youth." Bjerde also met the Minister of Economic Affairs and Governor of the World Bank Group, Ahad Khan Cheema; Minister of Finance and Revenue, Muhammad Aurangzeb; Minister for Planning, Development and Special Initiatives, Ahsan Iqbal; Minister of Energy (Power Division), Sardar Awais Laghari; Minister for Poverty Alleviation and Social Safety, Syed Imran Ahmad Shah; Chairperson Benazir Income Support Programme, Rubina Khalid; Chairman Federal Board of Revenue, Rashid Mahmood Langrial; and other senior representatives. Discussions focused on implementing the Country Partnership Framework to address Pakistan's most critical socio-economic challenges, particularly for women and girls, including access to water, climate resilience, and private-sector job creation. In Sindh, she visited World Bank-supported project sites in Shaheed Benazirabad District with Chief Minister Murad Ali Shah and Health Minister Dr Azra Fazal Pechuho, and was hosted by First Lady and MNA Aseefa Bhutto Zardari.
Business Recorder
24-05-2025
- Business
- Business Recorder
Reforms key to recovery, poverty reduction: WB
ISLAMABAD: Pakistan's path to sustainable economic recovery and poverty alleviation rests on comprehensive reforms that prioritise human capital, macroeconomic stability, climate resilience, sustainable energy, and private sector growth. This was stated by the World Bank Managing Director for Operations, Anna Bjerde, at the conclusion of a two-day visit to Pakistan. She commended the authorities for the reform momentum and stressed the need for continuity in implementation to sustain economic stability and to elicit a stronger investment and growth response by the private sector. Pakistan's economic turnaround wins global recognition: World Bank Anna Bjerde met with Prime Minister Shehbaz Sharif and expressed her appreciation for the collaboration on the new 10-year World Bank Group Country Partnership Framework with Pakistan. They also discussed the need for coordinated reforms at the federal and provincial levels to ensure sustained and inclusive growth. The World Bank official said, 'during my visit, we discussed the next steps on the reform agenda of the government, especially in the fiscal, digital, and energy sectors, as well as the potential of the country in terms of private-led growth and entrepreneurship, particularly to create quality jobs for women and youth.' She also met the Minister of Economic Affairs and Governor of the World Bank Group, Ahad Khan Cheema; the Minister of Finance and Revenue, Muhammad Aurangzeb; the Minister for Planning, Development and Special Initiatives, Ahsan Iqbal; the Minister of Energy (Power Division), Sardar Awais Laghari; the Minister for Poverty Alleviation and Social Safety, Syed Imran Ahmad Shah; the Chairperson Benazir Income Support Programme, Rubina Khalid; the Chairman Federal Board of Revenue, Rashid Mahmood Langrial; as well as members of the National Assembly, the Senate, women leaders and other senior government representatives. The discussions focused on implementing the Country Partnership Framework to help address the most critical socio-economic challenges of the country, in terms of human capital development, particularly for women and girls, access to water and sanitation, climate resilience, and natural disaster risk reduction, and the foundations of private-led growth and job creation. Bjerde had the opportunity to visit the World Bank-supported project sites in Shaheed Benazirabad District in Sindh, where she was accompanied by Chief Minister Sindh, Murad Ali Shah, and Sindh Minister of Health, Dr Azra Fazal Pechuho. She and the World Bank delegation were hosted by First Lady of Pakistan and member of National Assembly, Aseefa Bhutto Zardari. The visit included meetings with beneficiaries and staff of the 2022 Sindh Flood Emergency Housing Reconstruction Project, as well as an exchange with the medical staff and female patients of a Basic Health Unit supported by the National Health Support Programme. While in Sindh, Bjerde exchanged with Chief Minister Shah and members of his Cabinet on ongoing and planned projects to support the development of the province. Copyright Business Recorder, 2025
