Jusco reaches Bhopal, aims for other cities under JNURM

Written by Arindam Sinha | Jamshedpur , Aug 24 | Updated: Aug 25 2007, 07:03am hrs
Bhopal Municipal Corp (BMC) recently awarded Jamshedpur Utilities & Services Company (Jusco) a maintenance contract for a part of the town's water management system.

The company, which won the contract through a bidding process, is to commence work soon on the year-long 'leak detection & rectification' project.

The BMC project, worth Rs 2.20 crore, is being funded by the Asian Development Bank under the urban water supply & environmental improvement project of the Madhya Pradesh government.

"The unaccounted-for-water contract is an affirmation of Jusco's experience and expertise in the field of water infrastructure and distribution," Rajesh Rajan, Jusco's head of corporate communication, told FE.

Jusco, which currently manages the potable water system in the leasehold area of Jamshedpur , recently won a water management contract in Haldia ( West Bengal ).

It is also slated to sign shortly a 30-year BOT (build, operate & transfer) contract with the Kolkata Metropolitan Development Authority for development & management of the water supply & sewerage system in Sector V of Kolkata's Salt Lake .

Augmentation of the drinking water supply system for Bihar's Muzzaffarpur town (2nd phase) and supply as well as laying & commissioning of raw water conveyance from Kharkai river for the Uranium Corp of India's Turamdih mines are some of the projects Jusco's water division bagged recently.

The company, which has offices in Bangalore and Delhi apart from Jamshedpur , is going to open one in Kolkata on Saturday.

The utilities company is aiming at future schemes that will be cleared by the Centre under the Jawaharlal Nehru Urban Renewal Mission (JNURM).

The Centre is to spend around Rs 50,000 crore in the next seven years under JNURM by way of grants to those urban bodies which had, apart from bringing reforms into their operations, prepared schemes for management, operation and maintenance of assets through private sector participation.

Jusco's turnover in 2006-07 was Rs 220 crore. It earned a profit after tax of Rs 11.11 crore.