Supreme Infrastructure India Ltd secures contract of Rs. 71.31 crores

Supreme Infrastructure India Ltd has secured contract of INR 71.31 Crore Contract for Major Excavation and Shore Piling Works at One Forest Avenue, Powai.

The contract has been awarded by BSS Property Ventures Private Limited and Rajeshwar Property Ventures Private Limited, companies promoted by the Sharma family along with Brookfield Properties as the major stakeholder, and is valued at INR 71.31 crore, exclusive of taxes The project is situated at one of the prominent locations that is Powai in Mumbai City and the project consists of excavation in soil and rock (both weathered and hard) to the tune of 4,50,000 Cubic Meters plus 300 mm diameter of shore piling with an avg depth of 15 meters with rock anchoring. The project is to be completed over a period of 12 months.

The awarded contract covers initial excavation and shore piling works, representing the first phase of a larger development that will be undertaken subsequently.

This contract further strengthens SIIL's position in the specialized domain of deep-excavation and geotechnical infrastructure. The Company remains committed to delivering high-quality, timely, and technically superior construction solutions.

Shares of Supreme Infrastructure India Limited was last trading in BSE at Rs. 84.00 as compared to the previous close of Rs. 83.50. The total number of shares traded during the day was 101 in over 2 trades.

The stock hit an intraday high of Rs. 84.00 and intraday low of 80.00. The net turnover during the day was Rs. 8480.00.

Source : Equity Bulls

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SupremeInfrastructureIndia INE550H01011 CivilConstruction