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.

Supreme Infrastructure India Limited (SIIL) has announced a significant contract win, bolstering its position in the specialized domain of deep-excavation and geotechnical infrastructure. The company has been awarded a contract valued at INR 71.31 crore for major excavation and shore piling works at One Forest Avenue, Powai, Mumbai.

Contract Details

Scope of Work

The project encompasses substantial excavation and shore piling work:

Project Significance

This contract represents the initial phase of a larger development project in one of Mumbai's prominent locations. The awarded work is crucial for laying the foundation for subsequent construction phases.

Company's Commitment

Supreme Infrastructure India Limited has expressed its commitment to delivering high-quality, timely, and technically superior construction solutions. This project further solidifies the company's expertise in specialized excavation and geotechnical infrastructure work.

Market Impact

While the immediate financial impact of this contract on SIIL's overall performance remains to be seen, it demonstrates the company's ability to secure significant projects in competitive markets. Investors and market watchers may view this as a positive indicator of the company's project pipeline and operational capabilities.

As the infrastructure sector continues to play a vital role in India's economic development, contracts of this nature highlight the ongoing opportunities for specialized construction firms like Supreme Infrastructure India Limited.

Note: Investors are advised to conduct their own research and consider market conditions before making investment decisions based on this news.