Unity Infraprojects bags orders worth Rs148 crore
Unity Infraprojects has bagged three new orders worth Rs148.32 crore, spread over different locations such as Navi Mumbai, Imphal and Pune.
The first project entails construction of concrete road and allied civil works in Market-I, Market- II and additional shop-cum-godown at Vashi, Navi Mumbai, by Mumbai Agricultural Produce Committee Mumbai. The project is valued at Rs48.81 crore and is to be completed within a period of 18 months.
The second project involves the construction of single line BG Tunnel No. 6 (total length of 1200 RM) at km 32.700 to 33.940 between station Kaimai Road and Kambiron Road in connection with construction of new railway line project Jiribain- (Imphal) of North-East Frontier Railway construction by North-East Frontier Railway. The project is valued at Rs71.51 crore and is to be completed within a period of 18 months.
The third project entails the construction of dining block for IISER Pune by the Indian Institute of Science Education and Research, Pune. The project is valued at Rs28 crore and the said project is to be completed within a period of 12 months.
Abhijit K. Avarsekar, vice chairman and managing director, Unity Infraprojects, said, “These orders will allow us to portray the quality of work we are famous for. Also, the projects will allow us to further strengthen our foothold in the infrastructure market in India. As always, we shall continue to strive to provide the very best in terms of infrastructure to our clients.”
Currently, the order book of the company stands at Rs4,200 crore.
Q4FY12 income up
Unity Infraprojects announced its audited financial result for the quarter ended 31st March, 2012, with a 57 per cent rise in profit at Rs38.70 crore as against Rs24.66 crore in Q3 FY12.
Income from operation has increased by 47 per cent when compared to the previous quarter, to Rs717 crore for the quarter ended 31st March, 2012 from Rs489 crore for the quarter ended 31st December 2011.
“We are very pleased with our performance for the year. The innovative projects we undertake will continue to contribute substantially to our top line. We are focused to achieve our goals and look forward to a promising growth curve in the next fiscal. We also thank our shareholders for their constant support and expect to receive the same in future,” he said.