Asked about the investment plans for the Noida and Guwahati projects, Mundhra said: 'Noida is a cash project, where we are not investing anything. It will be done by the development authority and for the Guwahati one we are still working out financial details.'

Simpark is also building flyovers in Rajarhat in the suburbs of Kolkata and in Patna, he said.

Simplex has set up a subsidiary, Simplex Projects (Netherlands) Cooperatie UA, to foray into the European market.

The profit after tax of the company last fiscal stood at Rs.19.91 crore.