MTD Walkers said that it is neither a joint venture partner nor the local partner of M/s IVRCL of India, the company which constructed the Indian flyover.
“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 said in a statement today.
MTD Walkers PLC also noted 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.
MTD Walkers PLC issued the statement to clear any confusion that may have occurred as a result of a news item that appeared in a leading English newspaper in Sri Lanka yesterday over the links between the local company and the Indian company. (Colombo Gazette)