Supreme Infrastructure India has achieved the desired milestone of NHAI, being completion of fifty percent of the EPC work in the Panvel Indapur Road BOT Project as per the independent engineer of NHAI. Last four months have seen a progress of around seven percent on ground. The balance EPC work would be loan financed by NHAI for which all the required formalities in this regard are completed.
NHAI has already granted the extension in the concession period by three years. The company is executing the EPC work and the balance EPC work of approximately Rs 559 crore would be executed by the company and it is expected to achieve full completion of the project by March 2018.
Besides, the company has completed construction of one way flyover at Mankoli Junction on NH-3 Thane - Nashik road. The flyover was inaugurated by Chief Minister of Maharashtra, Devendra Fadnavis on April 8, 2017.
Supreme Infrastructure India is a Mumbai-based construction player focusing on roads and buildings. The company has a backward integrated business model with access to key raw materials required for its road construction business, which gives it an edge over others and helps earn higher margins.
