Supreme Infra bags new orders worth Rs 239 cr
- Work Order worth Rs. 137.5 cr from Hex City, Navi Mumbai
- Work Order worth Rs. 71.1 cr from Construction of Dwelling Units for DGMAP, Kolkata
- Work Order worth Rs. 30.35 cr from Mahalaxmi TMT
Supreme Infrastructure India Limited (B.S.E Code: no: 532904), one of the most versatile Infrastructure companies in India announced that it has bagged in three new work orders worth Rs. 238.95 cr.
The first order is for Hex City in Navi Mumbai. This Project is for the construction of Multi storied High rise towers for the Project named, HEX City, situated at Navi Mumbai. The estimated value of the Project is Rs. 137.5 Cr and is expected to be completed by March 2013.
The second order is for Construction of Dwelling Units for DGMAP, Kolkata. This Project is for construction of dwelling units at Kolkata. The value of the Project is Rs. 71.1 Cr. & is expected to be completed by Dec – 2013
The third order bagged by SIIL is from Mahalaxmi TMT for the laying of foundation and construction of for the steel plant at Jalna-Wardha. The value of the Project is Rs. 30.35 Cr. & is expected time frame is till June-2012.
Commenting on the order Mr. Vikas B. Sharma, Director, Supreme Infrastructure India Ltd said “Considering the above work orders, the Company has the total outstanding order book position of appx. Rs. 3035 Cr including L1 orders. As part of the Company’s strategy to expand its presence across various geographies, we have recently opened a Regional Office in Kolkata for execution of contracts awarded to the Company in the Eastern Region.”
Key Developments:
- Emerged L1 for Ahemadnagar-Karmala-Timbhurni Road BOT project. Overall project cost at Rs. 560 cr
- Awarded Panvel-Indapur section (84km) of NH-17 for 4 laning. Project cost stands at Rs. 1,150 cr
- New Orders worth Rs. 484 cr have been added in Q3-FY11 in the Bridges, Roads and Buildings segment.
- Order book stands at 3,060 cr and will be executed over a period of next 24-30 months
- EBITDA margins for YTD- FY11 stood at 17.9%
- PAT margins for YTD – FY11 stood at 8%
Key Features about Supreme Infrastructure:
- Supreme Infrastructure is present in 7 verticals in the infrastructure space
- Railways, Bridges, Buildings, Power, Sewerage, Irrigation and Roads are the key verticals within the company
- Each vertical functions as a business unit, thus having increased focus on execution as well as order book growth
- Currently Supreme is executing about work at about 25 sites and is looking to start work at another 4 sites
- A key differentiator for the company is its backward integration model where the company has built significant capabilities in quarrying business giving it high control over aggregrates (a key raw material in construction).
About Supreme Infrastructure India Ltd:
SUPREME INFRASTRUCTURE INDIA LIMITED [BSE code: 532904, NSE code: supremeinf] is a public limited company, formerly known as Supreme Asphalts Private Limited which was incorporated in 1983 and promoted by Shri. Bhawanishankar H. Sharma. Supreme Infrastructure Private Limited was incorporated in 2002 and was listed in 2007 on the BSE & NSE.
The company has been formed to undertake engineering works of unrestricted value with most of the Government departments, public & private sector organizations.
Apart from the latest methods and techniques, the company has introduced automation in its working styles like the use of QA/QC methods. As an organization, it is always on the move to improve its productivity further by resorting to new management of tools as they become available.