MTD Walkers says no partnership with Kolkata flyover builder

Apr 05, 2016 (LBO) - MTD Walkers PLC says says it is neither a JV partner nor the local partner of IVRCL of India, to clear up confusion in a recent media report, after Indian authorities began a probe into the flyover builder IVRCL.


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IVRCL Infrastructure Company in India is being investigated after a flyover it built in Kolkata collapsed last week killing 24 people. "The only involvement the company had with IVRCL was with regard to a sub contract to carry out the piling work at a UDA low cost housing site in Maligawatte, through its subsidiary Walkers Piling (Pvt) Ltd," a statement said.

This project was completed and successfully handed over in January 2013, it said. "MTD Walkers PLC wishes to inform the public that its fully owned subsidiary Walkers Piling (Pvt) Ltd, the pioneer pile construction company in Sri Lanka has enjoyed a leading position in market since its inception and has over the years successfully completed some of the most prestigious piling projects in the country." A weekend newspaper reported that a subsidiary of the Indian builder has been involved in low-cost housing project in Maligawatte, and mentioned MTD Walkers as having completed the piling work for it.