Simplex Infra - Bags Reliance Order

Simplex Infra - Bags Reliance Order For Jamnagar Refinery

Simplex Infrastructure has bagged a Rs 210 crore contract for Reliance's new refinery project at Jamnagar. The contract consists of carrying various civil, structural, electro-mechanical jobs at various plants of Reliance Refinery and Petrochemicals. Speaking to Business Standard, Amitabh Mundhra, director of the company, said, "Our association with Reliance is an old one and we have been one of their biggest contractor in the last few decades." He further said, "The company's order book is around Rs 3,800 crore which includes projects from high-profile clients like Vedanta Alumina in Orissa, a power plant for Jindal Power in Raigad and an integrated steel plant for Bhushan Steel in Orissa." Mundhra also said that the company was now planning to venture into turnkey and Engineering, Procurement & Construction (EPC) projects in industrial, power and oil and gas fields as well as tap the market in the Persian Gulf and the Commonwealth of Independent States (CIS) countries aggressively.

Mundhra said, "From the present turnover of around Rs 100 crore per year, we want to turn into a $1 billion company in the next six years, and for this, we have identified some areas such as marine construction, power (thermal and nuclear) and steel." He said, "We are eyeing 50 per cent turnover from exports next year against around 10 per cent now." He further said, "Currently, the outlook for the company is very optimistic with various infrastructure projects in road, power, airports and ports being announced and I am confidant that the domestic construction industry will grow from around $50 billion to around $180 billion in a short span of time." Simplex, which is in the field of construction since the last eight decades, has some of the country's best known landmarks such as Howrah bridge and Suprme Court building to its credit.