Supreme Infra bags new orders worth Rs239 crore
Supreme Infrastructure India Ltd has bagged in three new work orders worth Rs238.95 crore. 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 Rs137.5 crore 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 Rs71.1 crore and is expected to be completed by December 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 Rs30.35 crore and is expected time frame is till June-2012.
Commenting on the order Vikas B. Sharma, Director, Supreme Infrastructure India Ltd said, "Considering the above work orders, the Company has the total outstanding order book position of approximately Rs3035 Crore 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."
Work Order worth Rs137.5 crore from Hex City, Navi Mumbai
Work Order worth Rs71.1 crore from Construction of Dwelling Units for DGMAP, Kolkata
Work Order worth Rs30.35 crore from Mahalaxmi TMT
Other Key Developments
Emerged L1 for Ahemadnagar-Karmala-Timbhurni Road BOT project. Overall project cost at Rs. 560 crore
Awarded Panvel-Indapur section (84km) of NH-17 for 4 laning. Project cost stands at Rs1,150 crore
New Orders worth Rs484 crore have been added in Q3-FY11 in the Bridges, Roads and Buildings segment.
Order book stands at 3,060 crore 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%.