Era Infra JV bags Rs113 cr order from AAI

Era Infra JV bags Rs113 cr order from AAI

Mumbai: Engineering firm Era Infra said that its joint venture (JV) with an Ukraine-based company has acquired a Rs113.02 crore order from the Airport Authority of India (AAI).

In a filing to the Bombay Stock Exchange (BSE), Era Infra said the JV firm, KMB-ERA, has bagged a contract for construction of terminal building at the Indore Airport.

“This contract will be our third assignment in the sector after Pune and Raipur airport contracts," Era Infra Head, Construction and Contracts Division, T D Arora said.

Last month, the company had said that this joint venture bagged a Rs129.65 crore contract from the AAI for construction related works at Raipur airport.

The total worth of three contracts from AAI now stands at Rs320 crore. “Our focus will be timely delivery and adherence to high performance and quality standards," Arora added

Shares of Era Infra were trading at Rs79, up 3.01% in the afternoon trade on the BSE.