Leighton Asia wins a fourth major contract in India
GURGAON - CIMIC Group Company, Leighton Asia, has been issued a Letter of Award by Vipul Limited to deliver phase one of the Vipul Aarohan Residences project in Gurgaon, India. The parties are to finalise the terms and execute the Alliance Agreement within 14 days.
The AUD125.4 million project will generate revenue of approximately AUD108.4 million for Leighton Asia, which is part of CIMIC Group construction company CPB Contractors. It is the second contract won in India by Leighton in recent days.
CPB Contractors and Leighton Asia Managing Director Román Garrido said the Vipul Aarohan Residences is the fourth major development project won in India in the past nine months, following the awards of Maker Maxity and Ten BKC, both located in Mumbai, and the IKEA retail outlet in Hyderabad, with a combined revenue of approximately AUD542 million.
Phase one of the Vipul Aarohan Residences project includes three residential towers and a club retreat building, with a total built-up area of approximately 160,000 sq m.
Gurgaon is a leading financial and industrial hub with the third-highest per capita income in India.
Construction for the main contract works is expected to commence in April 2017 with completion by September 2020. www.cimic.com.au (ATI).