The Hindu Business Line : Subhash Projects bags Rs 363-cr rural electrification contracts

INFRASTRUCTURE engineering company Subhash Projects and Marketing Ltd has bagged rural electrification infrastructure project contracts worth Rs 363.55 crore from Central Government utilities such as Power Grid Corporation of India and Damodar Valley Corporation and some State power utilities.

The project contracts are part of the Accelerated Rural Electrification Programme and the Rajiv Gandhi Grameen Vidyutkaran Yojana of the Central Government which seek to provide electricity to one lakh villages covering one crore households across the country.

Mr S.C. Sethi, Vice-Chairman of Subhash Projects, said the projects would provide 1,26,210 service connections, including one light point for each `below the poverty line' consumer. They will be completed by March 2007.

Mr Sethi said these projects would cover parts of East Mednipur, South 24 Parganas and North 24 Parganas districts in West Bengal, Purnea, Araria, Kaimur and Rohtas districts in Bihar and Firozabad and Mainpuri districts of Uttar Pradesh.

Subhash Projects will be involved in survey, engineering, procurement, construction, commissioning and handover of the completed projects to the power utility concerned.

As part of a backward integration exercise, the company has firmed up plans to set up a unit to manufacture pre-stressed concrete poles that are used in rural electrification projects. Land for the purpose has been identified at Rohtas in Bihar. "We will need three lakh poles for use in the projects at hand. As such, we thought it would be in the fitness of things to set up our own captive manufacturing unit," Mr Sethi said, adding that the initial investment in the proposed facility would be a nominal Rs 1 crore.

According to him, Subhash Projects has, since its inception over two decades ago, executed over 100 projects worth around Rs 2,000 crore. Orders with the company are valued at Rs 1,200 crore even as bids for projects of a similar amount are in the offing. The company, which clocked a turnover of Rs 229 crore in 2004-05, hopes to achieve a turnover of Rs 400 crore in the current fiscal, Mr Sethi said.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ONGC's AP refinery to be ready in 42 months

Nagarjuna Thermal to announce financial closure for power plant

Subhash Projects bags Rs 363-cr rural electrification contracts

ICAI for mutual recognition agreement

CEC against granting permission to Vedanta for alumina refinery

BPCL revises Bina refinery project cost to Rs 9,100 cr — Bharat Oman Refineries to go in for IPO

Cairn yet to decide on venture with ONGC

GE Healthcare to step up investments

OVL pays first-ever dividend of Rs 105 cr to ONGC