Nila Infrastructures Bagged Construction Contract Worth INR 1316.7 Million
Nila Infrastructures Limited (the "Company") has entered into an agreement for construction and implementation of project with M/s Vivyan Infraprojects LLP for an amount of INR 1316.7 Million.
It envisages construction of 1,540 housing units under slum rehabilitation project, at Ramapir No Tekro, Juna Wadaj, Ahmedabad, being executed by Vivyan Infraprojects LLP in PPP mode with the Ahmedabad Municipal Corporation (AMC). The project involves construction of about 8,00,000 sq. ft. and shall be completed within 24 months.
Commenting on the occasion Mr. Deep Vadodaria, COO of the company said:
"We congratulate Vivyan Infraprojects LLP for securing such urban development infrastructure project that is beneficial to the society at large.
Getting such EPC order on Turnkey basis from the reputed firm that is promoted by established realtors like M/s Venus Infrastructure and Developers Pvt. Ltd. and M/s Vyapti Infrabuild Pvt. Ltd. is an acknowledgement of our expertise in Slum Rehabilitation and Redevelopment Project Management and execution. This project stands to benefit from our proprietary skills as apart from construction, this envisages survey, coordination with slum-dwellers through NGO, relocation of slum-dwellers and overall Slum Rehabilitation and Redevelopment Project Management and execution. We are confident to execute and deliver this project, which will benefit about 1,540 slum dwelling families, within stipulated timelines; like our own other two projects that we are executing with AMC. On financial front, these EPC project shall also further balance our order-book and revenue visibility.
This is also confirmation to our conviction and commitment to play an important role in the overall idea of 'Smart City' and 'Housing for All by 2022 Mission' of the Prime Minister. As it is since known that we are already executing, along with AMC; two Slum Rehabilitation and Redevelopment Projects on PPP basis benefiting 700+ slum-dwelling families. This also reinforces the Company's Vision to Contribute to the economic prosperity and growth through participation in projects of national importance and enhances visibility of our existing unexecuted order-book."
- Issued By:AHMEDABAD MUNICIPAL CORPORATION
- Bagged By:
- Region:Western India
- Value:INR 1316.7 Million
- Published On:2017-03-31