PBA Infrastructure has bagged two contracts worth Rs 44.93 crore from Maharashtra Industrial Development Corp (MIDC) and Surat Municipal Corp for construction works.

Mumbai-based, PBA Infrastructure Limited constructs highways, dams, runways and heavy RCC structures, bridges, and other infrastructure projects in India. The company also involves in toll collection business. Its customers include government agencies and public works department of various state governments.

The company has announced a 22% decrease in net profit at INR 27.6 million for the quarter to December, 2007. Its sales increased by 30% to INR 910.5 million.