MSK Projects expects Rs 455 mn from Jalandhar project

October 24, 2007

Baroda-based MSK Projects (Q, N,C,F)* (India), a significant player in BOT projects, completed the construction of the Jalandhar bus terminus that handles the interstate and intrastate, private and government passenger bus vehicles of Jalandhar.

The project is expected to add Rs 454.86 million to the gross revenue of the company over a period of 7 years. The BOT (build, operate, and transfer) project will earn revenue for the company in the form of terminus fees, lease rentals of shops, passenger amenities, advertisements and parking fees. The traffic at this terminus is on an average 3,000 buses per day increasing at an average rate of 3% per annum thus making the project an excellent one.

“We are glad to provide quality infrastructure to the once cramped bus terminal which will help organize the traffic and provide recreational facility to the travellers. Transport being a key source of increased trade and commerce, the revamp of the Jalandhar terminus will not only improve the state productivity but also check the leakage of revenue“ said Amit Khurana, executive director, MSK Projects (India).

The company is in the process of completing a water supply project for Dewas Industries in M.P. This is the first water supply project executed purely on a public – private partnership basis. MSK Projects is also on the verge of completing the construction of Ludhiana Bus Terminus.

MSK Projects (India) is a civil construction company executing infrastructure contracts such as building roads. The company entered the field of industrial construction and undertook works such as mass housing and township, multi-storied buildings, industrial projects for coal mines, fertilizer plants, petrochemicals, water retaining structures, and have also successfully executed them. It is well established today in the field on infrastructure development, particularly roads on build- operate & transfer (BOT) basis.

Shares of the company declined Rs 1.10, or 1.07%, to trade at Rs 101.5. The total volume of shares traded was 13,921 at the BSE. (2.16 p.m, Wednesday)