A consortium led by Reliance Energy has bagged the Rs.6,000 crore order from Andhra Pradesh government for a 100 storey trade tower along with a business centre in Hyderabad.

The consortium received a Letter of Award (LoA) from the Andhra Pradesh Industrial Infrastructure Corporation for the project, which involves development of over 77 acres.

The scope of the work involves design, development, funding, construction, marketing, operation and maintenance of the project, for which a special purpose vehicle (SPV) will be formed by the consortium and APIIC. The project will be completed in three phases. The trade tower on over four million sq.ft. will be set up in the first phase. The second module will comprise developing the business district on 30 acres in seven years. The development of phase II of the business district on the remaining 16.28 acre will form part of the third module.