L&T may bag civil contract for Bangalore airport

Published on Wed, Dec 27, 2006 at 09:10 |  Source : Moneycontrol.com

Updated at Wed, Dec 27, 2006 at 14:39  

134294 Investors following Larsen. Share this News with them.
0
0
Share on Tumblr

RELATED NEWS

ALSO READ

The Air India-Singapore Airport Terminal Services (SATS) consortium, that won the bid for cargo handling at the greenfield airport in Bangalore, plans to award the civil contract for the project to Larsen & Toubro (L&T).

Official sources told Business Line that while a final decision on the award will be taken shortly, there were several advantages in roping in L&T to do the civil work for the project.

Win-win situation

"Bangalore International Airport Ltd (BIAL), the company undertaking development of the new airport, has awarded a majority of contracts to L&T especially those relating to construction. L&T already has manpower, expertise and equipment in place at the existing site. So, awarding the contract to them would prove a win-win situation," an official of the consortium said.

While the total cost of the cargo-handling project is Rs 81 crore, the civil construction works project that is likely to be bagged by L&T is estimated at Rs 50 crore.

Contd on pg 2

  

More on Moneycontrol

Trending News

Business News

Tech2's Nokia Lumia Contest is Live
Forget the IIP: there's free cash oozing out of every pore "Forget the IIP: there's free cash oozing out of every pore "

DLF Says Macro Environment Unfavourable W/High Comm & Labour Inflation

The latest earning numbers FIRST on CNBC-TV18
Videos

Feb 10 2012, 21:39

Tulsian buys steel stocks; negative on sugar, ADAG

- in MARKET OUTLOOK

Feb 10 2012, 21:39

Truck demand sluggish; margins down 80bps: Shriram Trans

- in Results Boardroom

Interviews

Feb 10 2012, 15:43 | Source: CNBC-TV18

Growth in margins sustainable going forward: Shasun Pharma  

Feb 10 2012, 15:35 | Source: CNBC-TV18

Expect Q4 GRMs to be similar to Q3: BPCL  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!

Follow moneycontrol.com