Supreme Infrastructure Secures ₹71.31 Crore Excavation Contract
Supreme Infrastructure India Limited secures ₹71.31 crore contract for excavation and shore piling works at Powai, Mumbai, to be completed in 12 months.
The contract value is significant and will likely contribute positively to the company's revenue and order book, however, the impact is limited as it's a single contract.
The announcement highlights a new significant contract win for the company, which is a positive development.
* Supreme Infrastructure India Limited (SIIL) has secured a contract worth ₹71.31 crore for major excavation and shore piling works at One Forest Avenue, Powai. * The contract was awarded by BSS Property Ventures Private Limited and Rajeshwar Property Ventures Private Limited, companies promoted by the Sharma family along with Brookfield Properties. * The project involves excavation in soil and rock of approximately 4,50,000 cubic meters, along with 300 mm diameter shore piling with an average depth of 15 meters with rock anchoring. * The project is expected 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 to be undertaken subsequently.
What to do with a filing like this
Supreme Infrastructure India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Supreme Infrastructure India Limited. Read the original for the full detail.