Healthy growth in order book, eyes new business areas
PM News Bureau
Supreme Infrastructure india ltd
The order book position of Supreme Infrastructure India Ltd a Mumbai-based infrastructure company, has crossed Rs.450 crore, touching Rs.470 crore as of 31 March 2008. Commenting on the milestone, Vikram Sharma, Managing Director, told
Projectmonitor that several large orders received in the second half of 2007-08
have bolstered the order book position. "From Rs.300 crore as of 1 August 2007,
our order book has grown by 57 per cent as of the fiscal year end", he said.
In September last year, the company won a Rs.113.2 crore order for a nallah
(drain) improvement work from Thane Municipal Corporation. The project on which
work has already begun is part of the Jawaharlal Nehru National Urban Renewal
Mission and is scheduled to complete within 36 months. SIIL is also executing a
Rs.104-crore order for National Highways Authority of India for the Chitradurga
section in Karnataka, as part of NHDP-Phase II.
The outlook for 2008-09 appears promising with respect to broadening the area of
activities. Sharma said that SIIL was exploring the possibility of new orders in
the range of Rs.500-800 crore from Indian Railways and also for building
construction contracts from private sector players. Currently, the company is
predominantly engaged in construction of roads and highways for clients like
NHAI, MMRDA, MSRDC and also private agencies.
SIIL is also planning to expand its ready-mix concrete business. "In 2008-09, we
will double our RMC capacity to 300 cu.m. per hour by adding two new RMC plans
in western and central India", Sharma said.
[May 12-18, 2008]