Supreme Infrastructure India bags two new road BOT projects

02 Dec 2011 Evaluate

Supreme Infrastructure India has bagged two new road BOT projects - Jaipur Ring Road and Patiala Malerkotla Road in addition to a project in the buildings vertical. The Jaipur Ring Road project is for the development of the outer ring road in Jaipur city. The project has been bagged by the company and its JV partner Constructora Spain S.A. (Sanjose). The cost of the project is estimated at Rs 1,045 crore and will be a 60:40 JV between Sanjose and Supreme Infrastructure India.

The project is awarded by Jaipur Development Authority (JDA). The EPC work will be executed jointly by Supreme and Sanjose in equal proportion. This project will be housed in the SPV, Sanjose Supreme Tollways Development.

The second road project is for Patiala Malerkotla Road where the company has taken over a partially completed project from the original concessioner. The project is in the State of Punjab and necessary approvals from Punjab Infrastructure Development Board had been taken by the company in this respect.

The project cost is estimated at Rs 93 crore and is expected to get completed in 4 months. This project is housed in the SPV Supreme Infra Projects. The entire equity of this SPV is held by Supreme Infrastructure BOT, a 100% subsidiary of Supreme Infrastructure India. The EPC work will be executed by the company.

In addition the company has also bagged work order for the construction of ESIC Hospital - Phase 2, Mumbai. The 2nd phase of the hospital is in addition to the 1st phase of the hospital, which is already under execution by the company. The order size is Rs 110 crore and is expected to be executed by December - 2013.

Supreme Infrastructure India is engaged in the construction of highways, roads and bridges and engineering works. It also manufactures crushed metals, ready-mix concrete, asphalt and wet mix macadam. The company has been formed to undertake engineering works of unrestricted value with most of the government departments, public and private sector organizations.

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