- Of the four contracts, 3 are based in Indian cities of New Delhi, Bangalore and Shillong
- One is an international contract by MEA at Kathmandu, Nepal
- All the four projects to be completed within 18-27 months
- With these four projects in hand, the company’s order book stands strong at Rs 3,890 crores.
Unity Infraprojects Ltd., (BSE: 532746), the engineering, procurement and construction conglomerate, has announced four new orders aggregating Rs. 412 cr . Of these four, 3 are based in India at New Delhi, Bangalore and Shillong while one is a Ministry of External Affairs (MEA) assignment at Kathmandu, Nepal.
The first order has value of Rs. 299.24 cr which has been secured from Director General of Married Accommodation Project, Delhi for construction of Dwelling Units including allied services for officers, WO’s, Airmen at Delhi (AF), Gurgaon (AF), Hindon (AF) to be completed in 27 months.
The second order is valued at Rs.45.52 cr from North Eastern Indira Gandhi, Regional Institute of Health & Medical Sciences, Shillong, Meghalaya for construction of North Eastern Institute of Ayurveda & Homeopathy.
Third order valued at Rs.39.34 cr from Karnataka Power Corporation Limited (KPCL) for construction of New Office Complex at Banglore. These orders are scheduled for completion within 18 months.
The fourth order valued at Rs. 28.22 cr has been awarded by Ministry of External Affairs, New Delhi for Interior works at Embassy of India complex, Kathmandu, Nepal.
Order from MEA, Delhi is company’s third overseas project. Earlier, they have successfully completed 200 bedded Emergency & Trauma Centre for Bir Hospital at Kathmandu, Nepal and currently executing Rs. 99.98 cr contract from Ministry of External Affairs for construction of Indian High Commission Complex at Baridhara Diplomatic Enclave, Dhaka, Bangladesh.
Abhijit Avarsekar, Vice Chairman and Managing Director, Unity Infraprojects Ltd. said “The Company has necessary know-how and experience to handle large and complex projects at any terrain within the stipulated time and we are very pleased to receive orders from DGMAP - Delhi, NEIGRIHMS – Meghalaya, KPCL – Karnataka and Ministry of External Affairs – Delhi and look forward to playing a key-role in building the Infrastructure of India, Nepal, Bangladesh and other countries.”
With this the order book of Unity Infraprojects has gone up to Rs. 3890 cr.
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 9001-2008, 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. 7705 million; and is listed in BSE & NSE.
Madhav Nadkarni
Chief Financial Officer
