SIIL Wins Rs 713 Million Contract For One Forest Avenue Works
Company News

SIIL Wins Rs 713 Million Contract For One Forest Avenue Works

Supreme Infrastructure India Ltd. (SIIL), a leading infrastructure development company, has secured a Letter of Intent (LOI) to undertake major excavation and shore piling works for the One Forest Avenue project in Powai, Mumbai.

The contract, awarded by BSS Property Ventures Private Limited and Rajeshwar Property Ventures Private Limited—promoted by the Sharma family with Brookfield Properties as the major stakeholder—is valued at Rs 713.1 million. The win further strengthens SIIL’s position as a specialist in complex civil engineering and construction within the Mumbai metropolitan region.

Located at a prime Powai site, the project involves extensive foundation works, including excavation of 450,000 cubic metres of soil and weathered and hard rock. It also includes installing 300 mm diameter shore piles to an average depth of 15 metres, along with required rock anchoring.

Managing Director Vikram Sharma said, “We are delighted to receive the LOI for the prestigious One Forest Avenue project with a globally recognised partner like Brookfield Properties. This Rs 713 million contract is a strong endorsement of our expertise in complex foundation and piling works. It marks a significant milestone in our strategy to pursue high-value projects aggressively.”

SIIL noted that the contract is pivotal to its financial and operational restructuring efforts. The sizeable order strengthens its order book and improves revenue visibility for the coming financial year, providing an immediate uplift to topline prospects. This package covers the initial excavation and shore piling phase of a larger development to follow.

Successfully delivering a foundational project of this scale for a high-calibre promoter group is expected to enhance SIIL’s credentials in the high-margin commercial real estate development segment, improve its market perception and support future bids for large, specialised contracts.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Supreme Infrastructure India Ltd. (SIIL), a leading infrastructure development company, has secured a Letter of Intent (LOI) to undertake major excavation and shore piling works for the One Forest Avenue project in Powai, Mumbai. The contract, awarded by BSS Property Ventures Private Limited and Rajeshwar Property Ventures Private Limited—promoted by the Sharma family with Brookfield Properties as the major stakeholder—is valued at Rs 713.1 million. The win further strengthens SIIL’s position as a specialist in complex civil engineering and construction within the Mumbai metropolitan region. Located at a prime Powai site, the project involves extensive foundation works, including excavation of 450,000 cubic metres of soil and weathered and hard rock. It also includes installing 300 mm diameter shore piles to an average depth of 15 metres, along with required rock anchoring. Managing Director Vikram Sharma said, “We are delighted to receive the LOI for the prestigious One Forest Avenue project with a globally recognised partner like Brookfield Properties. This Rs 713 million contract is a strong endorsement of our expertise in complex foundation and piling works. It marks a significant milestone in our strategy to pursue high-value projects aggressively.” SIIL noted that the contract is pivotal to its financial and operational restructuring efforts. The sizeable order strengthens its order book and improves revenue visibility for the coming financial year, providing an immediate uplift to topline prospects. This package covers the initial excavation and shore piling phase of a larger development to follow. Successfully delivering a foundational project of this scale for a high-calibre promoter group is expected to enhance SIIL’s credentials in the high-margin commercial real estate development segment, improve its market perception and support future bids for large, specialised contracts.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement