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.

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

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->