April 19, 2010

Omaxe, one of the leading real estate construction and development company has come up with a Rs 64.8 cr project. This project is the All India Institute of Medical Sciences (AIIMS) which will be constructed at Rishikesh, Uttarakhand. Mr. Rohtas Goel, the Chairman and Managing Director of Omaxe also added that the project would start next month.

He informed that the order book of Omaxe stood at Rs 825 cr. He also plans to add Rs 200-crore order for Omaxe Infra in FY11. Their next strategy will be to raise Rs 800 crore but are yet waiting for conductive market conditions.

While bringing the company’s projection for FY11 into limelight, Goel said the company’s infrastructure arm’s sale were seen at Rs 500 cr vs. Rs 200 cr. Also, for this year, a profit of Rs. 50 cr. was seen.