Installation of bored pile foundation sub-contracted from Athena SA

Third major project in the UAE underscores NEC's expansion in the region

Abu Dhabi, UAE; March 17, 2009: Navayuga Engineering Company, the Abu Dhabi-based infrastructure development and construction company and part of Navayuga Group, the Indian conglomerate, is showcasing its extensive expertise in undertaking challenging marine works with the Khor Fakkan Port Expansion Project for Berth 6.

Sub-contracted from Athena SA, the project for Sharjah Ports Authority involves the installation of bored pile foundation with piling extending to depths of 10 to 25 metres in deep sea, about 1 km offshore. The backfilling work is being undertaken in difficult terrain, and Navayuga draws on its experience in executing complex marine works project in India for the Khor Fakkan project.

In all, 151 numbers of 900 mm diameter bored in-site piles are being laid. All pile testing procedures including static load test, dynamic test and non-destructive integrity testing have been carried out in accordance with the specification for piling by the Institution of Civil Engineers, UK.

Mr Antony A David, General Manager, Navayuga Engineering Company, said: "The Khor Fakkan Port Expansion Project for Berth 6 is one of the challenging tasks undertaken by NEC in the UAE. Working in a complicated environment, with a lot of stones and boulders present in the sea bed, we draw on our expertise in marine works to critically evaluate the ground conditions and in executing the project."

He added: "NEC has undertaken similar work for Vizag, the port of Visakhapatanam in India, and has deployed a dedicated team of professionals and modern equipment for the prestigious project in Khor Fakkan. Work is currently progressing as per schedule."

NEC started work on the project in the first week of December and expects to complete it by end-March or early April. Two heavy duty piling rigs, two cranes of 50 and 80 tonnes and two vibro hammers are employed on site. Twenty technical staff-members supervise and execute the scope of the contract.

The Khor Fakkan Port Expansion project is the third key contract for NEC in the UAE, having already undertaken piling works for two projects within the City of Lights development in Abu Dhabi. With its headquarters in Abu Dhabi and a recently opened 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.

NEC is currently finalizing several other significant contracts in the UAE in line with its targeted turnover of AED800 million by the end of the year. In India, NEC has an accomplished track-record of building landmark projects including ports, flyovers, elevated highways and large-scale projects. NEC's first overseas piling business was executed in Qatar, where it is currently involved in several other projects.

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About NECL
Navayuga Engineering Company Limited, Abu Dhabi Branch, is a part of CVR Navayuga Group, India's leader in core infrastructure projects. We are one of the top three construction companies in the country, and we are currently in the process of 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 incluidng geo-technical constructions, exports, software development, infrastructure facilities, medical transcription etc. 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.

© Press Release 2009