Hyderabad, Andhra Pradesh
IndiaMART Member Since: 2009
Aim / Vision / Mission
Vision To evolve as a predominant defining force in the Infrastructure industryMissionTo set new standards in quality and time bound delivery
About the Owner
Dear Members and Shareholders,
I have immense pleasure in presenting the Thirty Second Annual Report for the year ended March 31, 2009 of our Company.
At Soma we have had a very challenging but successful year. We have made laudable progress both in managing the projects in hand and winning new prestigious projects.
The adverse impact of the global economic meltdown on the industry and business environment is more than palpable. The continued depreciation in the global cues sliding on the backdrop of the worst global financial crisis has affected the financial markets. The momentum of growth in all emerging economies has slowed down. It necessitated nothing less than the unified force of the Leaders of the world to curtail this crisis. A global effort has been activated to recuperate the financial environment.
Notably, it is during these times that countries focus on augmenting their infrastructure, to accelerate growth in business and industry. We recommit ourselves to deliver beyond our client’s expectations and partner India in its journey to greater glories during these trying times.
We have successfully completed the financial closure for NH1 Panipat Jallandhar Highway project in spite of the prevalent conditions. The year 2008 - 09 gives us a great sense of fulfillment in our commitment to contribute to India’s growth through our projects.
Awards / Recognition
Awards & Recognition
Time and again Soma has proved its excellence in the field of engineering.
Soma has been honored to receive recognition and awards for its distinguished reputation over the years for the extraordinary contribution in the engineering sector. The following Awards stand a proof of Soma’s success and achievement
Memberships / Affiliations
An ISO 9001:2000 Certified Company.
Udyog Ratan Award - Mr. Rajendra Prasad Maganti, CMD of Soma Enterprise Ltd., has been awarded the Udyog Ratan Award by the Institute of Economic Studies. Mr.Rajendra Prasad Maganti receiving an award from Hon'ble. Minister for Major Irrigation Govt.of Maharastra, Shri Ajit Pawar for excellence in the execution of Temghar Masonry Dam.
Soma firmly believes that only an efficient infrastructure setup can ensure a nation’s sustained economic growth.
True to its commitment, Soma focused on building national highways, state expressways with uncompromised standards and world class safety measures that definitely has a cascading effect in saving precious lives, preventing injuries, reducing traffic-related health hazards and mitigating regular maintenance costs of the vehicles.
The Vision 2020 document of the Planning Commission projects a five-fold growth to the volume of India’s road traffic by year 2020. This will be enabled by over 70,000-km of national highways and 5,000-10,000-kms of four-laned (or more) expressways networking the Metros. State highways and rural roads are also set to see significant improvement. The National Highways Authority of India (NHAI) is engaged in the largest highway project ever undertaken in the history of the country. The Phase I and II of the NHDP will see four-six laning of about 14,279 km of national highways. Having worked on over 20 highway projects in the last 12 years, it is a natural evolution for SOMA to take on projects on a Build, Operate and Transfer (BOT) basis in a Public Private Partnership (PPP) model.
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