Nila Infra Bags Order From Shantigram Estate Worth INR 511.1 Million
Nila Infrastructures Limited has received a work order pertaining to EPC contract worth INR 511.1 million from Adani Group’s Shantigram Estate Management Pvt. Ltd. for construction of “Inspire Business Park” Project (Basement and Towers CH1 to CH9) at Shantigram, Ahmedabad. The project envisages overall construction covering about 400,000 sq. ft. built-up area and has to be completed by 15.10.2018.
Shantigram is Gujarat's largest integrated township. Spread over 600 acres, of which around 80% will be open space, the township consists of thematic clusters of apartments, penthouses and luxurious villas and nearly 50,000 trees. Shantigram with a development potential of 40 million square feet, truly defines the good life. The township also includes a nine-hole golf course, a golf promenade, a cricket field, One of India's Largest Musical Aqua Shows, a 7-acre lake and India's largest private social club - The Belvedere Golf & Country Club. There are also Luxurious Senior Citizen Homes and a conveniently located shoppers' plaza.
Commenting on the project award, Mr. Deep Vadodaria, Chief Operating Officer said: “The repeat order from Adani Group for a Commercial project signifies their confidence in our execution capability of the commercial projects as well as our track record of delivering Private White Label projects within the agreed timeframe and costs. We have been continuously updating our skill-sets and, apart from being a Specialist in Affordable Housing, now we are also preferred for construction/development of Commercial space by reputed corporates. With the receipt of this Private White Label Construction project, we continue to diversify our order book and de-risk our business model from the long-term perspective. Such Private White Label construction projects typically offer better profitability margins as compared to government projects on EPC basis.”
- Issued By:SHANTIGRAM ESTATE MANAGEMENT PRIVATE LIMITED
- Bagged By:
- Region:Western India
- Value:INR 511.1 Million
- Order / Contract Completion Date:2018-10-15
- Published On:2017-09-19