The Company is in the process of bidding another BOT project from Bhadrawati - Chandrapur - Asifabad road project, Total length of the road is 65 Kms. This is four laning project. The cost is Rs.165.00 Crores. The concession period of this project is thirty years. This work is also in Maharashtra State under Public Works Department.
IGC Acquires Majority Stake In Sricon
Sricon has signed a Letter of Intent with India Globalization Capital, Inc. (USA) (“IGC”) dated August 28, 2007 to accept investment by allotment of new equity shares leading to post investment ownership of 51% by IGC.
Coal Washeries Work Order - 20 Aug 07
Coal washeries work order received from UPCL, Awarpur plant.
Civil Works - Rajashree Cement Plant - 20 Sep 07
Civil work order at Rajashree Cement Plant, Malkhed, Dist Gulbarga, Karnataka
IGC Increases Stake In Sricon
On September 15, 2007, Sricon signed a Share Subscription-cum-purchase agreement and a Shareholders Agreement with India Globalization Capital, Inc (USA) for the purchase and subscription of shares resulting in a 63% post investment ownership by IGC.
Part of the Srivastava Group of companies, Sricon Infrastructure is an infrastructure development company based in Nagpur, Maharashtra.
We have been engaged in civil engineering construction activities since 1974 and have established ourselves as a major player in the infrastructure development arena.
The Group has developed excellent capabilities over the years and is considered to be economical, competitive and reliable in the industry. It is now poised for diversification into areas of construction such as airports, sea ports and inland container depots.