NEW DELHI: Infrastructure company Isolux Corsán today said it has reinforced its presence in India with a new railway electrification project for two sections on the main route connecting Mumbai and Chennai.
“The contracts, having a budget of Euro 45 million, will have an execution period of three years,” the company said in a statement.
The first section of 160 kms is located in Maharashtra, connecting the cities of Bhigwan and Solapur. The company said the second section of 113-Km connects the cities of Solapur, Maharashtra and Gulbarga, Karnataka.
About Isolux Corsán
Isolux Corsán is the outcome of the take-over of Corsán-Corviam by Isolux Wat in 2004 and today Isolux Corsán is a global benchmark in the areas of concessions, energy, construction and industrial services, with a track record spannig over 80 years of professional activity. It operates in more than 40 countries on four continents, and has an EPC backlog of €6.8 Bn.
In 2015 it reported €2.18 Bn in revenues and EBITDA of €176 million. The diversification of its activity and its determined focus on growing in the international markets have been the key to its success. At present, 87% of the backlog are contracts from outside Spain. The Company is a reference in the sector of high-voltage power transmission, with 6,811 kilometres of lines under concession in India, Brazil and Peru and operates more than 30,000 parking spaces in Spain.
Isolux Corsán has reaffirmed its leadership position. Amongst the leading companies world-wide specialising in construction of EPC projects for solar photovoltaic plants. It has built up an installed capacity of 340 MWp.