A B Infrabuild Secures Rs. 485 Crore Contract from Indian Railways
Filing Summary
A B Infrabuild Ltd has received a letter of acceptance for a contract from the East Coast Railways, a division of Indian Railways. The project involves the construction of a Road Over Bridge (ROB) and associated works, valued at approximately Rs. 485 Crore. The contract duration is set for 24 months. The project does not involve any related party transactions, and there is no promoter interest in the entity awarding the contract. The company has complied with SEBI regulations in disclosing this information.
A B Infrabuild Ltd has announced the receipt of a letter of acceptance for a new project from the East Coast Railways, part of the Indian Railways. The project involves the construction of a Road Over Bridge (ROB) with specific components including a 1×36.0 meter Composite Girder, 2×24.0 meter Composite Girder, and 4×18.75 meter T-Beam Girder. Additional works include the development of an approach road, RE wall, service road, and drainage systems. This project is located between the IPM-JPI station on the KUR-PSA Main Line under the Khurda Road Division.
The total value of the contract is approximately Rs. 485 Crore. The project is expected to be completed within a timeframe of 24 months. The terms and conditions of the contract are in accordance with the nature of the contract and the performance security clause outlined in the tender documents.
The contract has been awarded to a domestic entity, and there is no involvement of any international parties. Furthermore, there is no interest from the promoter or promoter group in the entity awarding the contract. The transaction does not fall under related party transactions, and it is confirmed to be conducted at arm’s length.
The East Coast Railways is a division of Indian Railways, focusing on the development and maintenance of railway infrastructure in the eastern region of India. The division is responsible for various projects aimed at enhancing the efficiency and safety of railway operations.
A B Infrabuild Ltd is engaged in infrastructure development, specializing in the construction of roads, bridges, and other civil engineering projects. The company focuses on expanding its portfolio through strategic projects in the public sector, aiming to contribute to national infrastructure growth.