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.

Related Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code