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Friday, November 9, 2007

IJM awarded India turnkey contract

IJM (India) Infrastructure Ltd (IJMII) has been awarded a turnkey contract by Reatox Builders & Developers Pvt Ltd (RBD) to build 11 blocks of high rise residential and commercial development in Nagpur, Maharashtra, for an estimated contract sum of RM555 million. Phase 1 will cost about RM295 million and the development period is 27 months, while Phase 2 costs about RM260 million. IJMII is a 97.3 per cent subsidiary of IJMII (Mauritius) Ltd, which is a wholly-owned subsidiary of IJM Investments (M) Ltd, which in turn is a wholly-owned subsidiary of IJM Corp Bhd.

By New Straits Times

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