IL&FS Engineering Services Receives LOI for Rs. 445 Crore Project at
Fujairah, UAE


October 30, 2012

IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Letter of Intent (LOI) from IL&FS Prime Terminals FZC for construction of Storage Tank Terminal at Fujairah, UAE. The total project cost is Rs. 445 crores (AED 304 million). The project is on Engineering, Procurement, and Construction (EPC) basis and consists of construction of 15 Nos. of Storage Tanks having a total storage capacity of 0.85 million tons. The project completion time is seventeen months from the commencement date.