Mumbai, Oct 14 : Construction firm Subhash Projects & Marketing today said its newly formed joint venture Insituform Pipeline Rehabilitation has bagged two orders worth Rs 95.80 crore from Delhi Jal Board for construction related works.
The scope of the projects include restoration of trunk sewer lines of the Delhi Jal Board, Subhash Projects said in a filing to the Bombay Stock Exchange.
About the formation of JV, the company today said it has has tied up with US-based Insituform Technologies.
The new venture Insituform Pipeline Rehabilitation Pvt Ltd would undertake sewer rehabilitation jobs in India, the company added.
Shares of the company were trading at Rs 75.65, down 4.48 per cent in the late afternoon trade on the BSE.
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