Indu Projects eyes core infra projects; plans IPO
Hyderabad-based infrastructure and real estate developer, Indu Projects Ltd proposes to go for a public issue in the near future and is in the process of filing papers with SEBI.
By INDIATIMES NEWS NETWORK |
MUMBAI - Hyderabad-based infrastructure and real estate developer, Indu Projects Ltd proposes to go for a public issue in the near future and is in the process of filing papers with SEBI.
The company has bagged the Rs 505 crore civil and structural works contract of Ma0hagenco's 2 X 500 MW Bhusawal Thermal Power Station project.
"We commenced work on the Bhusawal Thermal Power Plant in December 2007. The first unit of the project is expected to be completed in June 2010 and the second unit in October 2010," said I Syam Prasad Reddy, founder, managing director and chief executive officer, Indu Projects.
On the company's future plans, Reddy said, "we want to venture into high growth niche areas, large scale core infra and value added projects.
After successfully completing projects in residential, commercial and retail, we intend to expand our portfolio of core infrastructure construction projects to include civil construction works in sectors such as railways, special projects (EPC contracts for balance of plant packages in power projects), oil and gas, airports, sewerage works and drinking water supply schemes."
The company has bagged the Rs 505 crore civil and structural works contract of Ma0hagenco's 2 X 500 MW Bhusawal Thermal Power Station project.
"We commenced work on the Bhusawal Thermal Power Plant in December 2007. The first unit of the project is expected to be completed in June 2010 and the second unit in October 2010," said I Syam Prasad Reddy, founder, managing director and chief executive officer, Indu Projects.
On the company's future plans, Reddy said, "we want to venture into high growth niche areas, large scale core infra and value added projects.
After successfully completing projects in residential, commercial and retail, we intend to expand our portfolio of core infrastructure construction projects to include civil construction works in sectors such as railways, special projects (EPC contracts for balance of plant packages in power projects), oil and gas, airports, sewerage works and drinking water supply schemes."
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