Supreme Infrastructure India Limited has successfully completed the allotment of non-convertible debentures worth ₹25.00 crores through private placement. The company's board of directors approved this significant fundraising initiative.

Debenture Issuance Details

The board approved the allotment of 250 secured, non-convertible debentures in the first tranche. The debentures were issued to InRe Fund II on a private placement basis.

Terms and Conditions

The debentures carry the following terms:

Security and Collateral

The debentures are secured, indicating that they are backed by collateral to protect investor interests.

This private placement of debentures represents a significant move by Supreme Infrastructure India Limited to raise capital, offering investors an opportunity to invest in secured instruments with an attractive interest rate.

Supreme Infrastructure has announced a major contract win worth ₹71.30 crores for infrastructure development work in Mumbai's Powai area. The company received a Letter of Intent (LOI) from BSS Property Ventures and Rajeshwar Property Ventures, companies promoted by the Sharma family along with Brookfield Properties as the major stakeholder.

Contract Details and Scope

The awarded contract covers comprehensive excavation and shore piling works for the One Forest Avenue project. The detailed scope involves extensive and complex foundation work in the prominent Powai location.

Technical Specifications

The contract encompasses specialized construction activities critical for foundation and structural development:

• Excavation Works: 450,000 cubic meters in both soil and rock (weathered and hard)
• Shore Piling Operations: Installation of 300mm diameter shore piling with an average depth of 15 meters
• Rock Anchoring: Complementary anchoring work for structural stability

Strategic Partnership

The contract has been jointly awarded by property development companies with significant backing:

Business Impact and Management Commentary

According to Mr. Vikram Sharma, Managing Director of Supreme Infrastructure, the company is delighted to have secured this prestigious project with a globally renowned partner like Brookfield Properties. He emphasized that this ₹71.30 crore contract is a powerful testament to their specialized expertise in complex foundation and piling works.

The substantial order provides a significant boost to the company's order book and revenue visibility, immediately enhancing its topline growth prospects. This contract represents the first phase of a larger development that will be undertaken subsequently, positioning Supreme Infrastructure for potential future opportunities with these high-caliber partners.