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India : NILA Infrastructures wins contracts worth Rs. 65.56 crores from Ahmedabad Urban Development Authority (AUDA)

Publish Date : 12-Mar-2019

Nila Infrastructures Limited (the "Company") is in recept of two (2) orders pertaining to EPC contract aggregating Rs. 655.6 million from Ahmedabad Urban Development Authority (AUDA).

The project covers overall construction of around 250,000 sq. ft. carpet area for total 616 EWS (Cat.-II) flats for Economically Weaker Section (EWS) with ~402 sq. ft. super built-up area each. It also includes common amenities, infrastructure & development works of the entire site, electrification, and Supply, Installation, Testing and Commissioning (SITC) of Roof Top Solar PV System.

Mr. Deep Vadodaria, Chief Operating Officer while speaking on the project award, said, "We are glad to receive work orders from AUDA in Affordable Housing segment. In accordance with our Strategy, we have been consistently participating in apt tenders and securing meaningful work orders in Affordable Housing segment.

He added, We have proprietary knowledge to execute Affordable Housing project at Ahmedabad that is built from our earlier successfully executed projects. Hence, we are quite confident to execute these Affordable Housing Project of AUDA very efficiently. Additionally, the execution of SITC of Roof Top Solar PV System will start building our PQ for Solar projects, too.

These work orders not only boost our Order Book and revenue visibility, but also enriches the technical pre-qualification going forward. This will provide recognition to us into a distinguished league of contractors."

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