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L&T bags Rs.340 crore contract in Dubai

Saturday, 20 Aug 2005
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Larsen & Toubro has won contracts worth Rs.340 crore for building a residential property in Dubai.

The project involves construction of Mogul Gardens-2 at Discovery Gardens located on Shaikh Zayed Road, Dubai.

The project will be executed by ECC, L&T's construction division, and is to be completed in 560 days from the date of signing of the deal. It involves construction of 27 residential blocks with a total built-up area of 178,050 m2 . In all there will be 1,908 apartments.

Nakheel, the UAE-based entity placing the order is a leading project developer in UAE and is involved in several major property development projects worth $12 billion in Dubai.

The total value of the contract is Rs.450 crore; the remaining works valued at Rs.110 crore will be executed by nominated sub-contractors.

Also See:

L&T bags overseas orders worth Rs.467 crore (10-Aug-05)

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