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| Exchange Disseminated Time | R P P Infra Projects Ltd has informed BSE regarding a Press Release dated February 01, 2011 titled "RPP Infra steps in to West Africa with Projects worth '(INR) 1 billion in Gabon".
Press Release:
"R.P.P. Infra Projects Limited, One of the Leading & Fast growing Non Metro (Tier 2 city) based Infrastructure company, engaged in the business of Infrastructure development of SEZ Projects, Water management & Irrigation Projects, Power Projects , Building and Townships apart from development of highways, roads and bridges . The company has to its credit several leading companies like NTPC, BHEL, L&T, IVRCL and RITES to name a few from its ever expanding customer list.
R.P.P Infra Projects Ltd. has recently entered in to Central West Africa with a Joint Venture with M/s Resurgent Gabon, a local Gabonese company having several years of construction experience in Gabon. The joint venture has won a prestigious SEZ Project at KNOK , Gabon contract worth - (INR)1 Billion. The Joint venture would leverage R.P.P Infra Projects SEZ development experience & expertise and the Joint Venture partner would provide local support and liaison with various agencies in Gabon.
As part of the contract R.P.P. Infra would implement a six lane access roads across/to the Special Economic Zone (SEZ) at KNOK Gabon. R.P.P Infra would lay cost effective highly durable metal top roads using state of the art equipment.R.P.P. Infra expects to complete this project in 8 months. R.P.P Infra expects this project would act as a case study highlighting R.P.P Infra's Experience and Capabilities in adhering to quality and on time delivery in time bound projects and also would be able to show case this project in securing further projects in Gabon.
RPP Infra has experience in executing similar SEZ Projects for ELCOT which would include Coimbatore, Madurai, Thirunelveli, Trichy and Hosur, in Tamil Nadu, India. R.P.P Infra is also currently developing a township for NTPC at Ennore, Tamilnadu covering 30 acres, comprising of 900 housing units, Drinking & Waste Water management & Sanitation, Roads, armory and a swimming pool.
The Current order book position of the company as on Jan 31, 2011 stands at Rs. 854 Crs to be executed over 18 months.
Mr. Arul Sundaram , Chairman & Managing Director on securing the prestigious order expressed that " This is only our first step in Gabon , We expect more business from them in the future , There is huge potential for infrastructure development projects in Gabon and we hope to be significant part of their growth story." |
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