Navayuga Engineering Company completes Khor Fakkan Port expansion project

Third major project of the company in the UAE

Highlights competencies in undertaking complex projects

Abu Dhabi, UAE; April 29, 2009: Navayuga Engineering Company (NEC), the Abu Dhabi-based infrastructure development and construction company, has completed the Khor Fakkan Port Expansion Project for Berth 6, contracted from Athena SA, as per schedule.

The complex work involved the installation of bored pile foundation with piles extending to depths of up to 25 metres in deep sea. The successful on-schedule completion of the project marks NEC's competencies in undertaking marine projects that involve deep-sea backfilling work.

With a successful track-record of on-schedule delivery of mega infrastructure projects in the UAE, Navayuga is on the road to attain its growth targets set for the year, said Mr Antony A David, General Manager, NEC. "When we commenced operations in the UAE last year, our goal was to highlight our strengths in complex infrastructure projects. The Khor Fakkan Port Expansion Project is a testament to our capabilities, and we will leverage this experience for future expansion."

Mr. David said that NEC will continue to focus on the emerging markets in the Middle East region in the coming months. "Infrastructure development continues to be a priority for the region, and we will partner in the public and private sector initiatives to contribute to supporting regional projects with world-class technology and manpower support."

For the Khor Fakkan project, NEC laid 159 numbers of 900 mm diameter bored in-site piles. The pile testing procedures, including static load test, dynamic test and non-destructive integrity testing, were carried out in accordance with the specifications for piling by the Institution of Civil Engineers, UK.

Two heavy duty piling rigs, two cranes of 50 and 80 tonnes and two vibro hammers were employed on site. Twenty technical staff-members supervised and executed the scope of the contract.

With its headquarters in Abu Dhabi and a branch office in Dubai, NEC has a team of over 500 professionals and skilled workers in the country. The company aims to become one of the top ten piling companies in the UAE and has accordingly mobilized a large fleet of equipment.

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About NECL
Navayuga Engineering Company Limited (NECL), Abu Dhabi Branch, is a part of CVR Navayuga Group, India's leader in core infrastructure projects. NECL is one of the top three construction companies in the country, and we are currently establishing our presence in key foreign markets.

CVR NAVAYUGA Group
CVR Navayuga Group is a US$576 million conglomerate with interests in activities as diverse as Engineering, Construction, Ports, Power, Software Development and Exports. The Group was promoted by Mr. C. Visweswara Rao, an established entrepreneur and large scale industrialist. He has floated and is successfully and profitably running all the Navayuga group companies, which are diversified into different business activities including geo-technical constructions, exports, software development, infrastructure facilities and medical transcription, among others.

The major Navayuga Group Companies are: Navayuga Engineering Company Ltd; Krishnapatnam Port Company Ltd.; and Navayuga Power Corporation Ltd. The turnover has grown over the years and has touched US$257 million in the year ending March 2007. The expected turnover in the current year will be around US$599 million. The company is currently executing orders worth USD 4.5 billion. These orders will be completed during next 4 - 5 years. The company is expected to achieve a turnover of US$ 1.036 billion by 2011.

NECL is currently enjoying total limits of around US$ 368.66 million through multiple banking arrangements.

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