Era Infra Engineering Ltd, (EIL) along with its joint venture partner, KMB Ukraine, has secured a prestigious contract from Delhi Metro Rail Corporation Ltd. (DMRC) for the construction of underground metro station & underground tunnel.
The value of the contract is Rs 148.40 crore which involves design and construction of Dwarka Sector 21 underground station, approach cut & cover tunnel and connected works. The project is scheduled to be completed by November2009.
Commenting on the relationship with KMB, Ukraine, Mr. H.S. Bharana, CMD, Era Infra Engineering Limited said, “I am pleased that our joint venture with KMB, Ukraine has started fetching good results for the group, it has always been our strategic intent of establishing strategic fit with partners which will help us in acquiring new skills. Era's expertise in execution along with KMB's expertise in construction of LRTs/MRTs will help biding for strategic contacts in future as well."
Earlier, in February 2008, Era Infra in JV with KMB, Ukraine has secured a contract of Rs. 77.9 crore from Airports Authority of India for expansion and modification work at CE, Pune.
“The contract from DMRC shows the confidence of DMRC in the execution capabilities of Era Infra JV with KMB, Ukraine . It not only highlights the capabilities of JV in designing complex structures but also the efficiency in execution capabilities of projects in minimal time. This is a very prestigious project and is a significant step towards EIEL's strategic growth objectives.”
With this, the order backlog for the Era group is Rs 4,731 crore. This is the total value of unexecuted orders as of December 31, 2007 and new orders received till date.
|
