Supreme Infra declared L1 worth Rs 560 cr
Supreme Infrastructure India Limited (B.S.E Code: no: 532904), one of the most versatile Infrastructure companies in India has been declared L1 order worth Rs. 560 cr from the Government of Maharashtra.
The project is for the construction of four laning of 61.71 km of roads at Ahmednagar-Karmala-Tembhurni. The company has been declared as L1 (lowest bidder) for this project by Government of Maharashtra under PWD.
The Concession period of the project is for 23 years, 11 months and 10 days (including the construction period of 24 Months).
Commenting on the order Mr. Vikram B. Sharma, Managing Director, Supreme Infrastructure India Ltd said “We are extremely happy with this order as it marks us as the Lowest Bidder (L1) by the government of Maharashtra. We will continue to emerge as a national infrastructure player. We are poised to grow rapidly and at the same time, create value for our investors."
The Company has been awarded as 2nd Fastest Growing Infrastructure Company in small Cap Segment (up to 600 Cr. Turnover over) from Construction World, in the 8th Construction World Awards 2010.
Recent Developments:
Issue of Shares on Preferential basis
- Supreme Infrastructure India Limited allotted 8,66,275 shares to Supreme Construction & Developers Pvt. Ltd. & Pivotal Securities Pvt. Ltd. On a preferential basis at Rs. 225/- per share.
- The funds raised from the preferential allotment are expected to be used towards expansion & growth in the BOT segments.
Some of its ongoing projects include:
- Construction of low cost housing projects for MMRDA
- Construction of IT Park in Powai
- Construction of Kapurthala Judicial Court Complex at Punjab
- Construction of 4-Laning of Road along Sidhwan Canal at Punjab
About Supreme Infrastructure India Limited:
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.