- Order is for construction of IRDA office complex from Andhra Pradesh Industrial Infrastructure Corporation Ltd worth Rs. 57.05 Crores
- Order for construction of new Buildings from Ministry of Earth Sciences worth Rs. 32.24 Crores.
- The current orders book of the company stands at Rs. 3662 Crores
Unity Infraprojects Ltd., (BSE: 532746), one of India’s major civil contracting firms, has secured two construction orders worth Rs. 89.29 Crores from Ministry of Earth Sciences, & Andhra Pradesh Industrial Infrastructure Corporation Ltd in Hyderabad.
The first order is for construction of new Buildings under Phase -II at INCOIS, Hyderabad (Composite contract inclusive of Civil, PH, Electrical, HVAC and other allied works) by Director, Indian National Centre for Ocean Information Services, Ministry of Earth Sciences - Govt. of India and the said project is to be completed within a period of 15 months. The Contract Value is Rs. 32.24 crore.
The second order is for construction of office complex for Insurance Regulatory and Development Authority at Financial District, Nanakramguda, Hyderabad, Awarded by Andhra Pradesh Industrial Infrastructure Corporation Ltd valuing Rs. 57.05 crore. The contract is to be completed in 18 months and defect liability period is 24 months.
With the addition of these two construction orders the order book of the company stands at Rs.3662 Crores.
Commenting on the order, Mr. Abhijit K. Avarsekar, Vice Chairman and Managing Director, Unity Infraprojects Ltd. said, “We are extremely glad to receive orders from Hyderabad again as the company is already working on project awarded by HSCC (India) Ltd here. Being the first orders of this quarter we look forward to expand our operations in coming months and strengthen our PAN India presence. We expect to build on the confidence showed in us and are hopeful of receiving similar orders from other states where we are not present”
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.
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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 9001-2008, ISO 14001-2004 and OHSAS 18000-2007 certified with accreditation from the ANSI-ASQ National Accreditation board. It has a market capitalization of approximately Rs. 543 crore; and is listed in BSE & NSE.