IJM gets RM555m township contract in India

KUALA LUMPUR: IJM Corporation Bhd subsidiary IJM (India) Infrastructure Ltd (IJMII) has been awarded a turnkey contract by Reatox Builders & Developers Pvt Ltd (RBD), India to undertake a township development of First City at Nagpur, Maharashtra, India, for a total of Rs658 Crores (RM555 million).

In a statement on Wednesday, IJM said the contract involved the design, construction and marketing of a total of 11 blocks of high-rise residential and commercial units of about 3.3 million sq feet on 31 acres of land.

It said phase 1 of the contract was estimated at Rs350 Crores and the development period was 27 months, while phase 2 comprised 1.8 million sq feet and the contract was estimated at Rs308 Crores.

By The EDGE