Omaxe forays into Highway and Bridge construction
Leading real estate player Omaxe Ltd is now entering extensively into infrastructure sector. Omaxe Infrastructure & Construction Ltd (OICL), a wholly owned subsidiary of the company, has got the first contract to construct Highway and three high level bridges in Punjab. The contract is awarded by Greater Mohali Area Development Authority (GMADA) and its value is pegged at Rs704 million.
OICL will build 200ft wide road form Mullanpur/UT boundary upto T junction of Kurali-Siswan road at SAS Nagar, Mohali, Punjab. The total length of road is 8kms. In addition, the company will also build three high level bridges and culverts on the same road. The project is expected to be completed in sixteen months.
Confident on the strategic diversification, Rohtas Goel, CMD, Omaxe Group said "This is our first venture in Highway construction and we are determined to provide superior quality development and maintain consistency in our work. We are committed to Government’s vision of developing world class infrastructure and this project will be a model for future projects. We are extremely delighted that on-going projects are in sync with the proposed timelines making it easy and credible for us to bag more such contracts."
Omaxe group had recently bagged orders from DGMAP (Director General Married Accommodation Project), Ministry of Defence to construct residential complex at Nagrotra in J&K and Indore (MP). Apart from this, Omaxe had received contracts from Air Force Naval Housing Board (AFNHB) to construct a Housing colony at Meerut, Uttar Pradesh, Manyavar Kanshiram Allopathic Medical College and its Associated Hospital at Saharanpur, U.P, Modern Jail at Faridkot and Kapurthala in Punjab. The company is also engaged in the modernization of ESI Hospitals at Cuttak and Bhubneswar, construction of Convention Centre, Library & Computer Centre at Deenbandhu Chhottu Ram University at Murthal in Sonepat, Haryana and a township at Dariba in Rajasthan. The total value of the infrastructure & contracting projects including recent contract is approx. Rs1251.13 crore.