A B Infrabuild Secures Rs. 55 Crore Order from East Coast Railways
Filing Summary
A B Infrabuild Ltd has received a letter of acceptance for a project from East Coast Railways, Indian Railways. The project involves the construction of a Road Over Bridge with a span of various composite and RCCT-Beam girders. The contract is valued at approximately Rs. 55 Crore and is expected to be completed within 24 months. The order does not involve any related party transactions, and there is no interest from the promoter group in the entity awarding the contract.
A B Infrabuild Ltd has announced the receipt of a letter of acceptance for a new project from East Coast Railways, Indian Railways. The project entails the construction of a Road Over Bridge (ROB) with a proposed span consisting of 1x 36 mtr. Composite girder, 2×24 mtr. Composite girder, and 4×18.75 mtr. RCCT-Beam Girder. The location for this construction is at Rly. Km. 641/19-21 in lieu of LC. No. 341 at KM 641/17-19, situated between Jhadupudi and Sompeta Railway stations under the Khurda Road Division.
The contract awarded to A B Infrabuild is valued at Rs. 55,26,31,366. The project is scheduled to be completed within a timeframe of 24 months. The terms and conditions of the order are aligned with the nature of the contract and the performance security clause as outlined in the tender documents.
There is no involvement of the promoter or promoter group in the entity awarding the contract, and the transaction does not qualify as a related party transaction. The order has been awarded to a domestic entity, confirming the local nature of the engagement.
East Coast Railways, a division of Indian Railways, focuses on enhancing railway infrastructure and connectivity in the eastern region of India. The division undertakes various projects to improve transportation efficiency and safety across its network.
A B Infrabuild Ltd is engaged in infrastructure development, specializing in the construction of roads, bridges, and other civil engineering projects. The company prioritizes expanding its project portfolio and enhancing its capabilities in delivering large-scale infrastructure projects across India.