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)
INTORDR