Supreme Infrastructure Secures INR 71 Crore Contract for Powai Project
Filing Summary
Supreme Infrastructure India Ltd. has secured a contract valued at INR 71.30 crore for the One Forest Avenue project in Powai. The contract involves excavation and shore piling works and has been awarded by BSS Property Ventures and Rajeshwar Property Ventures, with Brookfield Properties as a major stakeholder. The project includes excavation of 450,000 cubic meters and installation of 300 mm diameter shore piling. This contract is part of Supreme Infrastructure’s strategy to enhance its order book and revenue visibility. The project is a significant addition to the company’s portfolio in the Mumbai metropolitan region.
Supreme Infrastructure India Ltd. has announced the receipt of a Letter of Intent for a contract valued at INR 71.30 crore for the One Forest Avenue project located in Powai, Mumbai. The contract has been awarded by BSS Property Ventures Private Limited and Rajeshwar Property Ventures Private Limited, with Brookfield Properties as a major stakeholder. The project involves significant excavation and shore piling works, marking a substantial addition to Supreme Infrastructure’s portfolio in the Mumbai metropolitan region.
The financial terms of the contract specify a total value of INR 71.30 crore. This contract is expected to enhance Supreme Infrastructure’s order book and provide revenue visibility for the upcoming fiscal year. The awarded contract represents the initial phase of a larger development project, with further phases anticipated to follow. The financial arrangement underscores the company’s ongoing efforts to secure high-value contracts and strengthen its market position in specialized civil engineering and construction.
The scope of work for the One Forest Avenue project includes the excavation of 450,000 cubic meters of soil and rock, both weathered and hard. Additionally, the contract covers the installation of 300 mm diameter shore piling with an average depth of 15 meters, along with necessary rock anchoring. These tasks are critical components of the project’s foundation work, which is essential for the subsequent phases of development. The project highlights Supreme Infrastructure’s expertise in handling complex foundation and piling works within the infrastructure sector.
The project is situated in a prominent location in Powai, Mumbai, and is part of a larger development initiative backed by Brookfield Properties. The involvement of Brookfield Properties, a globally recognized entity, emphasizes the strategic importance of this project for Supreme Infrastructure. The contract aligns with the company’s strategy to capture high-value projects and demonstrates its capability to execute large-scale, specialized contracts.
The timeline for the project involves immediate commencement of the initial excavation and piling works, with further phases to be undertaken subsequently. The project is expected to contribute significantly to Supreme Infrastructure’s operational restructuring and financial stability. The collaboration with BSS Property Ventures and Rajeshwar Property Ventures, along with Brookfield Properties, is a testament to the company’s ability to partner with high-caliber stakeholders in the real estate development sector.
BSS Property Ventures Private Limited and Rajeshwar Property Ventures Private Limited are companies promoted by the Sharma family, with Brookfield Properties as a major stakeholder. These entities focus on real estate development projects, leveraging their expertise and resources to undertake large-scale infrastructure initiatives.
Supreme Infrastructure India Ltd., incorporated in 1983, is a key player in the infrastructure sector, offering comprehensive engineering and construction solutions. The company specializes in roads, highways, buildings, and bridges, with significant backward integration capabilities. Supreme Infrastructure is committed to delivering high-quality infrastructure projects for government agencies, municipal corporations, and large corporate houses.