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Unity Infraprojects Q2 Total Income up 32.7%

Business

Unity Infraprojects Ltd has announced its financial results for the Second quarter of FY 2010. Announcing the results, Kishore K Avarsekar, chairman & MD, Unity Infraprojects Ltd said: “We are extremely pleased with the result and looking to step up the pace of our order execution and ramp up our operations.”
The company’s orderbook, as on 30th September 2009, stood at Rs. 31900 mn, an increase of 18% over March 2009. During the Quarter under consideration, the company has announced 45% dividend for the financial year 2008-09. The Members of the company at 12th Annual General Meeting authorized Board of Directors to raise funds upto Rs. 250 crores through Qualified Institutional Placement (QIP).
In same period, the company bagged orders as follows:
The Company bagged an order to construct six towers for Amanora Park Town, Pune, amounting to Rs. 54.56 crore.
Unity JV received a LOI for two contracts aggregating to Rs 620.76 crores from MCGM for supply installation and maintenance of AMR water metres for the eastern and western suburbs of Mumbai.
In addition the Company secured another contract from MCGM of Rs. 325.23 crore for replacement of two Pipelines of 1800 mm dia, from Tansa to Tarali.
The Company has received a (LOA) from, CPWD, New Delhi for redevelopment scheme of Dev Nagar, New Delhi, amounting to Rs 72 crore.
 

About Unity Infraprojects Ltd: Unity Infraprojects Ltd. provides integrated engineering, procurement and construction services for civil construction and infrastructure sector projects. Besides civil construction, the company’s project expertise includes transportation engineering, irrigation, water supply and urban infrastructure projects. Unity is the flagship unit of the Mumbai based KK Group of Companies which has interests across a wide spectrum of businesses such as concrete block manufacturing and quarrying, hospitality and organized retailing industries.
With an established presence in engineering, irrigation and transportation, Unity is successfully diversifying its business model. Some of the landmark projects done by Unity are Expansion & Modification at Chhatrapati Shivaji International Airport, Mumbai; Millennium Business Park in Navi Mumbai; Mass Housing Projects for DDA in Delhi; New Secretariat Complex in Assam; Tsunami Re-construction Project in Andaman & Nicobar Islands; Jupiter Mills in Mumbai; Nizam Institute of Medical Science in Hyderabad; High Court in Karnataka.
Unity also has presence in real estate and BOT space. The company is ISO 9001-2000, ISO 14001-2004 and OHSAS 18000-2007 certified with accreditation from the ANSI-ASQ National Accreditation board. It has a market capitalization of over Rs.6016 million; and is listed in BSE & NSE.

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