Suez Environnement bags 3 contracts worth 61 million euros

Bs_logoImage
Press Trust of India New Delhi
Last Updated : Apr 08 2014 | 7:48 PM IST
Suez Environnement, a French multinational firm, today said it has won three contracts worth 61 million euros for works related to water distribution system and construction of drinking water plant in Mumbai, Pune and Bangalore.
"In Mumbai, one project is to improve water distribution services for 12.5 million people. A second, in Pune, is to build and operate a drinking water plant for 2.5 million residents. And two new wastewater treatment plants are due to open in Bangalore," the company said in a statement.
Commenting on the order, company's Deputy CEO in charge of the international division Marie-Ange Debon said: "While maintaining our solid position in wastewater treatment and drinking water production, we are boosting our presence in India through our new comprehensive service contract in Mumbai."
The Mumbai project, awarded by the Municipal Corporation of Greater Mumbai, is to improve drinking water distribution of the city, Suez said, adding it is being executed "under a five-year contract worth 31 million euros in revenue".
The company won its second contract worth 19 million euros through a subsidiary Degremont from Pune Municipal Corporation. The project is to design, build, operate and maintain a drinking water plant for the 25 lakh people of Pune and is supported by the local and national government as part of the JNNURM development programme.
The company also won a contract worth 11 million euros from the Water Supply and Sewage Board of Bangalore for designing and operating two wastewater treatment plants.
The two proposed plants are in Chikkabanavara and in Kadugodi and are part of a bilateral funding agreement between the Japanese International Cooperation Agency (JICA) and the Government of India.
Suez Environnement is present in India for over three decades through its subsidiary Degremont India. Degremont has designed and built over 150 water treatment plants across the country (and operates 18 of them) that supply 5 billion liters of potable water everyday.
Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 08 2014 | 7:48 PM IST