Supreme Infrastructure India Ltd receives contract worth Rs. 450 crore

Supreme Infrastructure India Limited ("the Company") has been awarded a turnkey construction contract worth Rs. 450 Crore for the development of a Project Affected Persons (PAP) housing complex in Powai, Mumbai.

The project is a part of a large-scale redevelopment being undertaken by BSS Property Ventures and Rajeshwar Property Ventures, entities majority-owned by funds managed by Brookfield. Supreme Infrastructure India Limited has been appointed as the EPC contractor for Phase 1, which includes the construction of approximately 16 lakh sq. ft. of built-up area including civil, MEP, and infrastructure works, to be completed over 36 months.

This contract win enhances the Company's overall order book to 1,725 Crore, comprising high-value projects with reputed clients such as Larsen & Toubro (L&T) and Brookfield-backed ventures.

Shares of Supreme Infrastructure India Limited was last trading in BSE at Rs. 112.11 as compared to the previous close of Rs. 106.78. The total number of shares traded during the day was 9001 in over 34 trades.

The stock hit an intraday high of Rs. 112.11 and intraday low of 110.00. The net turnover during the day was Rs. 1008838.00.

Source : Equity Bulls

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SupremeInfrastructureIndia INE550H01011 CivilConstruction OrderWin