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Press Release Thursday, May 22, 2008

Unity bags orders worth Rs. 383 crore From HSRDC

From correspondents in Delhi, India, 09:22 PM IST

Unity Infraprojects Limited, one of India’s largest civil contractors, has bagged an order worth Rs. 383 crores from Haryana State Roads and Bridges Development Corporation Limited, Chandigarh.

A contract worth Rs 142.62 crores was awarded to Unity for widening and upgradation of Rai Nahra Bahadurgarh Road (MDR-138) km 0.00 to 37.40 and Rohtak- Kharkhoda Delhi border (SH-18) (km10.20 to 40.76) to be completed within 15 months.

A contract worth Rs 240.45 crores was awarded to a joint venture between Unity Infraprojects and Backbone Enterprises Ltd. for improvement of Murthai Sonepat –Sampla – Jhajjar – Dadri Road (Section of SH-20) and Gurgaon – Farrukjnagar – Jhajjar road (SH -15 A) for widening, strengthening, providing drains, widening of bridges and culverts. The time frame for the same is 18 months.

With this order, Unity has clinched orders worth Rs 605 crores in May alone. It is probably the first time that Unity is tackling state road projects. Last week, Unity had bagged a contract from PWD Building Project Division B-121 Prison Complex Mandoli, Delhi for an estimated amount of Rs 154.29 crores. A contract worth Rs 68.25 crores was also received from Citi Corporation Limited, Pune for construction of RCC works at Amanora Park town, Hadaspur, Pune.

“These orders underline the pan-Indian capability of Unity and, at the same time, confirms our commitment to providing the best-in-class deliverables to our clients. We will continue to step up our pace and spread our operations further across the country,” said Mr. Abhijit Avarsekar, Vice Chairman and Managing Director, Unity Infraprojects Limited.

The company is currently executing 10 malls in Maharashtra, of which five are with the company and the other 5 include Magarpatta Retail Pvt Ltd, India Bulls, Big Malls, Avinash Bhoslen Group, Phoenix Mills. The company has also put in bids in high value infrastructure projects – in irrigation and water supply segments.

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