RDB Infrastructure and Power Ltd. Signs INR 73 Cr LOI with Primarc Projects for New Development
Mumbai (Maharashtra) [India], February 13: RDB Infrastructure and Power Ltd. (BSE: 533285), a leading player in the construction and infrastructure sector, has announced the signing of a Non-binding Letter of Intent (LOI) with M/s Primarc Projects Private Limited. The LOI pertains to a contract for the sub-structure and super-structure work for the proposed project named “Primarc Aadvika,” located at 47 & 48/2 Rajnarayan Roy Chowdhury Ghat Road, Shibpur, Howrah, West Bengal- 711102, India. The project, which spans a total area of 5 lakh square feet, is valued at INR 73 Crore.
The Indian real estate and infrastructure sector continues to exhibit robust growth, driven by rapid urbanization, infrastructure-led development, improved connectivity, and sustained demand across residential, commercial, and mixed-use segments. Key cities such as Kolkata, Mumbai, Hyderabad, Jaipur, Surat, Chennai, Guwahati, and the National Capital Region are experiencing significant structural demand drivers. These include expanding urban populations, rising disposable incomes, the development of industrial corridors, metro rail expansions, and government initiatives aimed at housing and smart city development. While future growth is contingent on broader macroeconomic conditions and regulatory developments, current industry trends suggest continued long-term potential in both Tier I and emerging Tier II markets.
RDB Infrastructure and Power Ltd. is strategically positioned to capitalize on diverse opportunities within the sector. The company's presence spans multiple segments, including residential real estate development, construction contracting, infrastructure execution, and power-related activities. Its integrated capabilities in sub-structure and super-structure construction, combined with extensive experience in infrastructure and power-linked projects, enable the company to leverage synergies across various verticals. Despite market dynamics and project execution timelines, RDB Infrastructure and Power Ltd. remains committed to maintaining high standards in quality construction, timely project delivery, and customer satisfaction.
Headquartered in Kolkata, RDB Infrastructure and Power Ltd. has established a strong presence across India, with operations in rapidly growing cities such as New Delhi, Mumbai, Hyderabad, Jaipur, Surat, Chennai, and Guwahati. The company is recognized for its high standards in quality construction, timely project delivery, and customer satisfaction. Accredited with the ISO 9001:2008 certification and a proud member of CREDAI Bengal, RDB Infrastructure and Power Ltd. has earned the trust of over 5,000 happy families residing in its residential projects. With a strategic land bank and a forward-looking approach to identifying new opportunities, the company is poised for exponential growth and aims to be a key player in India’s real estate sector.
The RDB Group, with nearly four decades of experience, thrives on its core values of innovation, entrepreneurial freedom, and social responsibility. Guided by a long-term vision, the Group has achieved success through strategic investments, financial independence, and meaningful diversification. With a commitment to 'Going Together, Growing Together,' the RDB Group collaborates with customers, shareholders, and associates to shape a promising future while staying rooted in its strong corporate philosophy.
