IL&FS Engineering Services Receives LoI for Rs. 120 Crores Worth Project in Buildings & Structures Sector

November 8, 2012

IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Letter of Intent (LoI) from Mahindra Lifespace Developers Limited for a total value of Rs. 120.30 Crores for construction of Civil & Structural Works for the proposed residential project – ‘Ashvita’ comprising apartments in 5 towers, club house, and external related civil works at Kukatpally, Hyderabad. The project completion period is 31 months.

IL&FS Engineering Services has bagged this project close on the heels of receiving another project of Rs. 445 Crore at Fujairah, UAE, and another for Rs. 135.50 Crores for construction of ‘Palm Terraces Select Housing Complex’ at Gurgaon.