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Thursday, Apr 14, 2005

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IVRCL bags Rs 1,737-cr order

Our Bureau

HYDERABAD: IVRCL Infrastructures & Projects Ltd (IVRCL), the Hyderabad-based infrastructure major, has announced that it has bagged an Rs 1,737-crore contract from the Andhra Pradesh Government for execution of Sripada Sagar Projects (stage-II, phase-I).

In a press release here, the company said the contract includes investigation, soil exploration, design, supply installation, testing and commissioning of pumping machinery, transformers, substations, raising mains including construction of pump house and all civil structures, and to develop 2-lakh acres of ayacut duly considering the needs of drinking water for villages.

The IVRCL Finance Director, Mr R. Balarami Reddy, said the contract would be executed through the company's joint venture IVRCL-Navayuga & SEW, wherein the company has 35.75 per cent holding. The project would be completed within a period of 30 months, he said.

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