Om Metals Infraprojects Ltd acquires prime location property at Jaipur
Posted on: 30 Aug 2010
New Delhi, August 30th 2010: Om Metals Infraprojects Ltd., India’s leading hydro-mechanical engineering company, has bought 5 acres (approx) property at Jaipur for Rs 158 crore, through Maharaja Shree Umaid Mills Ltd. The project will be executed through its 100% subsidiary, Om Metals Consortium Pvt Ltd.
The project is expected to be completed over the next 3 (three) years from the date of start of construction. The project is spread over 19, 135 sq. meter area of land and is strategically located in the heart of the city at Prithviraj Road, 'C' Scheme, near Statue Circle, Jaipur. The venture includes the development of high-end apartments focusing on niche clientele and provides world class amenities.
Mr. Vikas Kothari, Director – Business Development, Om Metal Infraprojects Ltd, said, “We foresee a revival in the demand for luxury apartments. This project is in the prime location in Jaipur and will cater to upper-end and niche segment audience.”
About Om Metals Infraprojects Ltd.
Om Metals Infraprojects Ltd. (OCI) (BSE Code: 531092) is an ISO 9001 certified company, set up in 1971, has flourished into a front-runner hydro-mechanical engineering company in the country with many achievements to its credit. It has leveraged its capabilities and skills in the development and construction sectors, where, engineering, steel fabrication and turnkey projects form a significant component for hydro-electric power, irrigation and river linking projects coming up in the country and abroad. The company is also engaged in the real estate projects like developing residential, commercial, entertainment, leisure and hotel formats in the country. In 2006, the company entered into the business of development of SEZ and port at pondicherry. Visit www.ommetals.com
For More Information Please Contact:
Mr Vikas Kothari
Adfactors PR, Mumbai