Hyderabad :

Hyderabad-based infra player IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) on Friday said the company had received a letter of award (LoA) for Rs 675 crore for high rise buildings work in Mumbai.

“IL&FS Engineering Services had received a LoA from Neelkamal Realtor Tower Private Limited ( NRTPL) for construction of ‘Orchid Heights’, a high-rise residential project at Byculla in Mumbai,” the company informed the bourses on Friday.

The company said that the total value of shell and core portion of the contract is Rs 675 crore and was to be completed in 39 months from the date of commencement of work. However, the timeline for finishing and mechanical, electrical and plumbing ( MEP) work will be decided during the course of execution which will further enhance the contract value, the company added.

The Orchid Heights project is IL&FS Engineering Services’ first project in Mumbai.

“Being a very tall structure, the Orchid Heights project opens up the market for the company in this segment of high rise towers. The company now enters a select group of companies who execute such high rise buildings with modern and most sophisticated methods of system formworks and sophisticated machinery,” the company release said.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> Business> India Business / by  Swati Rathor, TNN / November 01st, 2013