VINCI establishes a presence in India in the infrastructure sector
11 January 2012 - Acquisitions - India
Eurovia, a VINCI Group subsidiary, has just acquired NAPC, an Indian construction and public works company based in Chennai, in the state of Tamil Nadu.
The regional leader in its sector, NAPC is mainly active in the areas of road construction, earthworks and civil engineering, as well as the development of industrial zones and airport platforms. Within the framework of a concession consortium, NAPC is participating in the implementation of the Chennai ring road project.
Founded 60 years ago, NAPC generated revenues in 2011 of some 600 Crores of rupees (i.e. approximately 100 million euros).
With this acquisition, Eurovia, one of the leading players worldwide in the construction, upkeep and maintenance of road and railway transport infrastructure, is establishing a position in India, its markets offer interesting growth prospects, linked to the country's economic dynamism. The state of Tamil Nadu, the 5th largest Indian economic region, benefits from considerable foreign investment in the industrial and port sectors.
VINCI is a global player in concessions and contracting, employing more than 222,000 peoplein nearly 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.