Unity led consortium bags Rs 135cr contract from Assam Govt

Unity led consortium bags Rs 135cr contract from Assam Govt
2008-07-04 19:07:03 Source : Moneycontrol.com

Unity Infraprojects Limited, one of India’s largest civil contractors, in consortium with Brahmaputra Group, has bagged a contract to construct Tezpur Medical College at Bihoguri, worth Rs. 135.7 crores from the Assam government.

Unity’s stake in the project is 51% and the balance is with the Brahmaputra Group. With this order, Unity’s order book position stands at Rs. 3091 crores. As of May 31, 2008, Unity Infraprojects had Rs. 30,22.4 crores worth of orders outstanding, representing a 51.4% growth over an order book of Rs. 1996.4 crores in March 2007.

“This order underline the pan-Indian capability of Unity and, at the same time, confirms our commitment to providing 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.

Unity Infraprojects’ total income for FY 2008 stood at Rs. 862.4 crores, up 56% from Rs. 553.6 crores in FY 2007. PAT for FY 2008 stood at Rs. 60 crores, up 42% from Rs. 42.3 crores in FY 2007.

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 Bhosle Group, Phoenix Mills. The company has also put in bids in high value infrastructure projects – in irrigation and water supply segments