OM Metals Infraprojects’ associate company executes financial closure

11 Jun 2011 Evaluate

OM Metals Infraprojects’ associate company -- Bhilwara Jaipur Toll Road -- has executed financial closure of Bhilwara-Jaipur Highway-Development of two lane from Jaipur (SH12) to Bhilwara (NH-79) for Rs 206 crore. The financial closure was executed between the company and Punjab National Bank and ICICI Bank for Rs 106 crore and Rs 100 crore respectively.

Last year in October, OM Metals Infraprojects in joint venture (JV) with SEW had emerged as lowest bidder for work contract worth Rs 144 crore from Madhya Pradesh (MP) Water Resource Department for over flow and non over flow construction of concrete dam including H M components in Pench diversion project in Chindwara Distt of M P.

OM Metals Infraprojects is a conglomerate having diverse business activities and interests related to hydro-mechanical equipments, turnkey solutions for steel fabrication, hydro-power developments, real estate, leasing, finance, entertainment centers, hotels and tourism.

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