Karda Constructions received work order in relation to land development at Navi Mumbai International Airport

Mohan | Myequity news | Date: 28-07-2018 23:45:00 IST

Karda Constructions Ltd., a well-established Nashik based real estate developer, has been awarded (sub led) a Rs 12 crore work order for Drilling and Blasting works at Navi Mumbai International Airport site by infrastructure company, TIPL JMMIPL (JV) Pvt. Ltd. The nature of work is to provide Rock with Earth fill for reclamation of land as per specifications in the tender document.

The work done on this project will be measured based on completion as per actual survey on reduced level methods.

Commenting on the receipt of order, Mr. Naresh Karda, Chairman and Managing Director, Karda Constructions Ltd. said "Our construction contracts business is gaining traction which is evident from our growing order book in this segment. With the addition of this new contract towards the Navi Mumbai International Airport our construction contract business is poised to scale new heights. The order book in the construction contract business stands at Rs. 597.96 million as on the date". He further added, "The growing order book also helps us diversify our core competency in real estate."

About Karda Constructions Limited

Incorporated in 2007, Karda Constructions Ltd. (Karda) is engaged in real estate construction business. The Karda Group is a well-established Nashik based group having its presence in the construction industry for more than two decades. The company focuses on quality and affordable developments.

The group was founded by the promoter Mr. Naresh Karda in 1994. In the years following its inception, the group concentrated on developing affordable housing in the residential segment and from 2001 onwards, the group diversified into the commercial segment. Karda has presence across all real estate segments such as low, medium, and premium. Further, to expand their portfolio of business activities, the company has recently ventured into construction contracts.

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