BSE and NSE Listed Company GENERIC Engineering Construction and Projects Limited announces Joint Venture with BOOTES Impex Tech Ltd.

Gurgaon (Haryana) [India], July 12:  BSE and NSE listed GENERIC Engineering Construction and Projects Limited (GECPL) and BOOTES Impex Tech Limited have announced a Joint Venture for delivering large-scale Net-Zero construction projects that prioritize efficiency, safety, and sustainability. This JV represents a significant step towards driving sustainable and technological innovation in the construction industry.

• JV targets High-Quality, High-Speed Constructions Projects to help India reach Net-Zero Goal.

• Aims to deliver projects valued at ~INR 1000 Crore by March 2025.

GECPL, with its 50 years of civil construction expertise and credible market reputation for quality construction, is a prominent player in the construction sector. GECPL has a proven track record of delivering high-quality projects that meet the highest standards of excellence. The company’s advanced construction practices, processes, and machinery will be instrumental in ensuring the success of the projects undertaken by the new entity. On the other hand, BOOTES, a leader in Net-Zero technological innovation, brings its innovative approach and depth in Net-Zero construction to the table. The company’s expertise in sustainable construction practices will complement GECPL’s strengths, creating a synergy that will drive the success of the Joint Venture. By joining forces with GECPL, BOOTES will bring combined expertise in efficient project management, Net-Zero engineering, and advanced construction know-how to the table. Together, GECPL and BOOTES are well-positioned to revolutionize the construction industry by delivering Net-Zero projects that not only meet the growing demand for sustainable construction but also set a new standard for excellence in the industry. With both companies having a near equal stake in the new entity, this Joint Venture represents a landmark collaboration that will shape the future of construction and pave the way for a more sustainable built environment.

“The United Nations’ Sustainable Development Goals agenda and India’s vision to achieve a net-zero status by 2070 demand a decisive shift in infrastructure planning. Traditionally, construction practices focused on limited aspects of sustainability such as marginal energy, water, and waste conservation. We have revamped this approach with government support for projects like the Jhansi Library in Uttar Pradesh, along with other prominent projects like the Geeta Museum, Haryana International Habitat Centre, Jhansi Exhibition Centre, and more. Our expertise lies in designing, planning, and constructing Net-Zero infrastructure swiftly and effectively. We are confident that our joint venture will enhance our capacity to scale India’s sustainable, efficient, and secure infrastructure,” as stated by Deepak Rai, Managing Director of BOOTES.