Era Infra JV bags Rs 113 cr order from AAI

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Posted: 2008-10-10 14:40:46+05:30 IST
Updated: Oct 10, 2008 at 1440 hrs IST

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Engineering firm Era Infra on Friday said that its joint venture with an Ukraine-based company has acquired a Rs 113.02 crore order from the Airport Authority of India.

In a filing to the Bombay Stock Exchange, Era Infra said the JV firm, KMB-ERA, has bagged a contract for construction of terminal building at the Indore Airport.

"This contract will be our third assignment in the sector after Pune and Raipur airport contracts," Era Infra Head, Construction and Contracts Division, T D Arora said.

Last month, the company had said that this joint venture bagged a Rs 129.65 crore contract from the AAI for construction related works at Raipur airport.

The total worth of three contracts from AAI now stands at Rs 320 crore. "Our focus will be timely delivery and adherence to high performance and quality standards," Arora added Shares of Era Infra were trading at Rs 79, up 3.01 per cent in the afternoon trade on the BSE.

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Era Infra JV bags Rs 113 cr order from AAI

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