You are here: Home » Companies » News
Business Standard

L&T's construction arm bags contract for Navi Mumbai International Airport

The passenger terminal building is being developed to initially handle a capacity of 10 million passengers per annum

Topics
L&T  | L&T Construction | Navi Mumbai international airport

Press Trust of India  |  New Delhi 

Airport, Airport lobby, airport lounge
Representative Image

Infrastructure major on Tuesday said its construction arm has bagged the contract for construction of the

The company did not provide value of the contracts but said the orders fall under "major" category which ranges between Rs 5,000 crore and Rs 7,000 crore as per its classification of contracts.

"The transportation infrastructure and buildings and factories businesses of Construction have secured a prestigious project from the Private Ltd (NMIAPL) for the engineering, procurement and construction of the greenfield at Navi Mumbai," said in a regulatory filing. 

The passenger terminal building is being developed to initially handle a capacity of 10 MPA (million passengers per annum). The project will subsequently be enhanced to handle 20 MPA, the company added.

Shares of the company were trading at Rs 1,314 apiece, down 1.06 per cent, from their previous close on BSE.  

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 03 2019. 10:25 IST
RECOMMENDED FOR YOU
.