MTD Walkers PLC, today stated that they would like to clear any confusion that may have occurred as a result of the article that appeared in a leading English newspaper in Sri Lanka. Sri Lanka’s Sunday Times newspaper yesterday reported IVRCL Infrastructure Company, which is at the centre of death and destruction in Kolkata where a flyover being built by it crumbled killing 24 people and injuring scores, has been involved in low-cost housing in Sri Lanka through a subsidiary.
“MTD Walkers PLC wishes to confirm that it is neither a JV partner nor the local partner of M/s IVRCL of India. 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. This project was completed and successfully handed over in January 2013.
“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,” the firm said in a statement.