Insituform Expands Operations in India with US $5.6 Million Contract in Uttar Pradesh
January 27, 2011Insituform Technologies Inc. (Nasdaq Global Select Market: INSU) has announced that its Indian joint venture, Insituform Pipeline Rehabilitation Private Ltd. (Insituform-India), has been awarded a contract valued at US $5.6 million to rehabilitate approximately 16,000 ft of medium diameter sewer pipelines for the Indian water utility Uttar Pradesh Jal Nigam, located in Northern India approximately 400 miles Southeast of New Delhi.
This contract strengthens Insituform-India’s position in the Indian market with the expansion into Uttar Pradesh. This project marks the first contract for Insituform-India outside Delhi, where Insituform-India has been awarded approximately $42.0 million in work to date.
“We are excited to expand Insituform’s reach in the Asia-Pacific market and for Insituform-India to continue to grow its operations in India. We are proud to partner with M/s IVRCL, the project’s general contractor, and are confident in our unique capabilities as a global leader in pipeline protection to meet the demands of this project,” said Daniel E. Cowan, Insituform vice president for the Asia-Pacific area.
Insituform-India is expected to begin the project in February 2011, installing Insituform CIPP product and iPlus Composite and complete the work in approximately 15 months.
Insituform-India is a joint venture formed in 2007 between Insituform Technologies and SPML Infra Limited, one of India’s largest water, waste and power infrastructure companies, to develop the trenchless sewer rehabilitation market in India.