FINANCIAL NEWS

India’s Unity Infraprojects looks for ME contracts

26 Jun 2011

(MENAFN) Unity Infraprojects’ Ltd. CFO, Madhav Nadkarni, said that the Indian civil engineering company would look for infrastructure building contracts in the Middle East, South Africa and Libya in order to expand its power and railways business, reported Arab News.

Nadkarni added that there would be great opportunities for the company in Saudi Arabia for implementing engineering, procurement and construction (EPC) contracts for both government and private sectors.

He also said that the company wouldn’t bid for any project under USD11 million, moreover, it would bid for projects that include construction of buildings, roads and water.

It is worth noting that Unity Infraprojects is also adding two new fields, power and railways, and is looking for contracts in thermal and hydro power and bidding for various railway projects.

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