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This Article is From Aug 31, 2019

L&T Construction Awarded Contract To Build GVK’s Navi Mumbai International Airport

L&T Construction Awarded Contract To Build GVK’s Navi Mumbai International Airport
The Navi Mumbai Airport under construction, on March 23, 2019. (Photographer: Vijay Sartape/BloombergQuint)
STOCKS IN THIS STORY
Best Agrolife Ltd
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Best Agrolife Ltd
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GVK Power & Infrastructure Ltd.
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Larsen & Toubro Ltd.
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Taj GVK Hotels & Resorts Ltd.
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GVK's step-down subsidiary Navi Mumbai International Airport Pvt Ltd. has awarded an engineering, procurement and construction contract for the greenfield Navi Mumbai international airport to L&T Construction.

GVK said in an exchange filing that the key development spectrum covers include cut and fill works, departure and arrival forecourts, airfield development works, and landside facilities.

GVK Reddy, Founder and Chairman, GVK said the company has joined hands with L&T for the Navi Mumbai International Airport.

SN Subrahmanyan, Chief Executive Officer and Managing Director, L&T said, “With its burgeoning demand, Mumbai city was in dire need of a second airport and we are happy that we have bagged the mandate to build the Navi Mumbai airport.”

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