(PRWEB) April 20, 2006 -- Infrastructure major SAAG RR INFRA LTD, a subsidiary of SAAG CONSOLIDATED (M) BHD, has bagged an order worth Rs.9.1 crores from National Institute for Research in Productive Health, Mumbai. The work includes construction of quarantine buildings including roads for up coming National Center for Primate breeding and Research.
“ We are thrilled to be part of this unique venture which will be an important step in bringing state-of-the-art primate breeding and research facilities to the country and will add to the expansion of futuristic bio-medical activities in the countr... ”
Mr. R. Sriram, Managing Director, SAAG RR Infra Limited, said, “The National Center for Primate breeding and Research contract would be the single largest order so far for us. We are thrilled to be part of this unique venture which will be an important step in bringing state-of-the-art primate breeding and research facilities to the country and will add to the expansion of futuristic bio-medical activities in the country.”
SAAG RR Infra Limited reported a net profit of Rs. 83.20 lacs for the third quarter ending December 2005 as against Rs. 0.55 lacs, the previous year. The company’s turnover grew from Rs. 4.15 crores in the second quarter to Rs. 8 crores in the third quarter. SAAG RR also achieved record-high revenue and operating income in the same quarter.
Additional information on the project
As the first centre of its type in the country, National Center for Primate breeding and Research will have facilities for breeding non-human primates and pursue approved research programs on various diseases including AIDS, Cancer, Alzeheimer, Parkinson, Leprosy etc. The centre is aimed at the creation of a unique national resource to meet the needs of healthy disease free monkeys of known pedigree for biomedical research. The centre will also serve as a national reservoir of information on non-human primates and provide facilities for visiting scientists for collaborative research and training.
About SAAG RR Infra Ltd
SAAG RR Infra Ltd., is a subsidiary of SAAG CONSOLIDATED (M) BHD (SAAG), a key player in the oil and gas sector in Malaysia for over 23 years. As a company principally providing investment holding and management services, SAAG through its group of companies and strategic partnerships is involved in upstream and downstream activities in the oil and gas industry. With a reputation as an innovative player in the manufacture, supply and service of equipment and machinery in the oil and gas industry in Malaysia, SAAG has been growing rapidly and currently represents more than 20 established manufacturers of oil and gas (O&G) equipment and machinery. Strategic alliances in niche growth areas have provided SAAG with the competitive edge to offer technical expertise, equipment and manpower to undertake high-end projects in the industry. SAAG has already expanded operations to Singapore (1989), Brunei (1992), India (2003), Australia, Thailand and Korea (2004).
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