Leighton Asia has won the bid to build two building projects in Mumbai, India worth a total of $US260 million ($A330 million) for Reliance Industries.
The projects, for Reliance Industries, include a $US155 million corporate park and a $US105 million high-rise building.
The Reliance Corporate Park is located in the former National Organic Chemical Industries Ltd (NOCIL) complex in Navi Mumbai (New Bombay).
Leighton has been appointed to build Phases 2 and 3 of the park, which comprises six office blocks with a total floor area of over 150,000 sqm. Construction will commence immediately and the project is due for completion in February 2008.
The second project, worth $US105 million, involves the construction of a 29-storey building in suburban Mumbai. Construction will commence immediately and the project is due for completion in November 2008.
Reliance Industries’ is a one of India’s largest companies with business interests in exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre, intermediates, plastics and chemicals) and textiles.
The company posts annual revenues of $US20 billion.
Leighton Asia (Southern) managing director David Savage said the new contracts highlighted the opportunities available for an international contractor with a reputation for quality.
“I’m delighted that our reputation for project delivery is being recognised in the Indian market, and we aim to capitalise on this.
“There is a clear push for higher quality in India. Clients are demanding world-class construction standards, and we are in a great position to be able to provide it for them,” he added.
India has quickly become a key market for Leighton Asia (Southern) since establishing operations in Mumbai less than two years ago.
So far, the company has secured 10 projects worth around $US600 million.
Australian Property Journal
