Subhash Projects & Marketing Ltd

Subhash Projects & Marketing Ltd has announced that the Company has bagged consolidated orders worth Rs 353.60 crores sustaining high growth in all its core performance sectors viz. water, power, and environment. The orders secured includes three water related projects from the Delhi Jal Board and PHED Jaipur, and two rural electrification projects from National Hydroelectric Power Corporation Ltd and one order for sewage treatment plant from the Nasik Municipal Corporation. The completion period for the all orders is between 14-21 months.

Following are the details on the various orders bagged:

Water:

- The combined value of projects from Delhi Jal Board (DJB) is Rs 133.99 crores.
- The value of the Japanese Bank of International Cooperation (JBIC) funded PHED, Jaipur order is Rs 99.63 crores.

Power:

- Continuing to rid on the rural electrification wave, the Company will be implementing rural electrification in the Ganjam and Gajpati districts of Orissa through projects values of Rs 49.36 crores and Rs 31.8 crores respectively.

Environmental engineering:

- Consolidating on its experience and expertise in the environmental engineering segment, the Company has bagged a project from the Nashik Municipal Corporation for turnkey solutions of a 70 MLD sewage treatment plant at Agar Takali with a project value of Rs 38.82 crore

"Water management, environment and rural electrification are our core competencies and Company intend growing at a rapid pace in these segments in the next few years. These new projects, moreover, will help improving our bottom lines substantially in the next 3 quarters of the current fiscal," commented Mr. Subhash Sethi, Vice Chairman of the Company.

The scope of work for the Nashik Municipal Corporation includes designing, constructing, supply, erection, testing, commissioning, start up and performance run for the sewage treatment plant and sewage pumping station, followed by 5 years of operations & maintenance. The funding of this project is through JNNURM launched by the government in 2005.