#IL&FS Engineering Services Receives LoA for Rs. 179.84 Cr EPC Port Project

IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Letter of Award (LOA) from IL&FS Maritime Infrastructure Company Limited (IMICL) on behalf of Dighi Port Limited for a total value of Rs. 179.84 Crores for Engineering, Procurement, and Construction (EPC) contract for development of Multipurpose Berth, Backup Yard Development, and Utilities of Multipurpose Terminal Berth 5 on North Side of Dighi Port, Agardanda in the state of Maharashtra.

The project completion period is 545 days from the date of Notice to Proceed (NTP).

The scope of works includes:
§  Design & Construction of Multipurpose Berth (325m*34.5m)
§  Reclamation of 50 acres of backup area
§  Other works like paved area, buildings, internal roads etc.

IL&FS Engineering Services is presently executing the EPC contract of Berth 4 of Multipurpose Cargo Terminal works on North Side of Dighi Port.

#IL&FS Engineering gets Rs.105 crore civil work contract from Lodha Group

IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Letter of Intent (LoI) from the Lodha Group for civil construction works of 18 proposed G+15 residential buildings Phase II of Palava in Mumbai. The total value of the contract is Rs. 105 crores, and the completion period for the entire works is 332 days.

IL&FS Engineering Services is currently executing ‘Orchid Heights’, a high-rise residential buildings project at Byculla in Mumbai that involves construction of two high rise towers – Tower A and Tower B.

Rs. 268 Crores project Letter of Award (LoA) for IL&FS Engineering Services’ Subsidiary

Maytas Infra Saudi Arabia (MISA), a subsidiary of IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Letter of Award (LoA) from Saudi Binladin Group for Road Drainage Works for King Abdul-Aziz International Airport Development Project-Phase1, Jeddah in Kingdom of Saudi Arabia (KSA). The total value of the contract is Saudi Riyals 166.89 Million (Equivalent to INR 268 Crores approx.).

The scope of work involves construction of Road Drainage Works including excavation, steel reinforcement, concrete works, erection, and backfilling.

About IL&FS Engineering and Construction Company Limited: IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) is one of the leading multi-national Infrastructure Development, Construction and Project Management companies with more than two decades of rich and varied experience in executing landmark projects. The Company executes projects under various domains such as Buildings & Structures, Roads, Railways, Irrigation, Power, Ports, and Oil & Gas. IL&FS Engineering Services has been awarded IMS Certificates (ISO 9001:2008, ISO 14001:2004 & OHSAS 18001:2007) by TUV Nord, and is committed to the highest standards of quality, safety, health, and environment. To know more, please visit www.ilfsengg.com 

IL&FS Engineering Services Receives LoI for Rs. 175.80 Crores Buildings Work in Gurgaon

: IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Letter of Intent (LoI) from Ireo Private Limited for construction of its luxurious residential project ‘Gurgaon Hills’ located at Sec-02, Gurgaon, Haryana . Total value of the project is Rs. 175.80 Crores, which is to be completed in 39 months.

The scope of work includes construction of civil, structural, internal finishes (common areas and hardscape), boundary wall, external development works for the project, and management, coordination, and supervision works for electrical low side, IT/LV, plumbing, fire fighting, HVAC, basement ventilation, gas piping, water treatment plant, swimming pool, water bodies including basements underneath works and other associated works of the project.

The prestigious ‘Gurgoan Hills’ luxury residential project  has  Six  Towers  (20 to 26 Storey) with total built-up area of around 1.77 Million sq.ft including basement, EWS, Club House, and so on.

IL&FS Engineering Services is currently executing building projects worth more than Rs. 850 Crores in National Capital Region (NCR) for clients that include Emaar MGF Land Limited, Unitech, Ansal Properties & Infrastructure Limited, Parsvnath Developers Limited, and Puri Constructions Private Limited.

About IL&FS Engineering and Construction Company Limited” IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) is one of the leading multi-national Infrastructure Development, Construction and Project Management companies with more than two decades of rich and varied experience in executing landmark projects. The Company executes projects under various domains such as Buildings & Structures, Roads, Railways, Irrigation, Power, Ports, and Oil & Gas. IL&FS Engineering Services has been awarded IMS Certificates (ISO 9001:2008, ISO 14001:2004 & OHSAS 18001:2007) by TUV Nord, and is committed to the highest standards of quality, safety, health, and environment. To know more, please visit www.ilfsengg.com 

MoU signed between IL&FS MF-IDF and Public Sector Insurance companies

IL&FS signed a Memorandum of Understanding (MoU) here today to document understanding between IL&FS IDF and five Public Sector General Insurance Companies i.e. General Insurance Corporation of India (the Government re-insurer), National Insurance Company Ltd, the Oriental Insurance Co Ltd, the New India Assurance Co Ltd and United India Insurance Co Ltd to jointly facilitate business of IDF and in the process contribute their bit to the development of infrastructure sector in India.

Dr. Arvind Mayaram, Secretary, Department of Economic Affairs was present during the ceremony along with Shri Ashok Kumar Roy, CMD, General Insurance Corporation of India, Shri N S R Chandraprasad, CMD, National Insurance Company Ltd, Dr A K Saxena, CMD, Oriental Insurance Co Ltd, Shri G Srinivasan, CMD, New India Assurance Co Ltd, Shri Milind A Kharat, CMD, United India Insurance Co Ltd, Shri S. K. Roy, Chairman, LIC, Shri Ravi Parthasarathy, Chairman, Infrastructure Leasing & Financial Services Ltd (IL&FS), Shri Ramesh C Bawa, Managing Director & CEO, IL&FS Financial Services Limited (IFIN) and other senior Officers of the Ministry of Finance.

The Secretary, Department of Economic Affairs, welcomed the signing of MoU with the Insurance Companies as it would send strong signal to the foreign sovereign funds /pension funds to also start investments in Indian infrastructure. He was of the view that Infrastructure Debt Funds is an innovative idea to pool low cost long term finances for infrastructure projects. He emphasized that pension funds and insurance companies are expected to play a vital role in pooling the finance in the sector. IL&FS made a presentation during the meeting welcoming the PFRDA and IRDA, who have allowed entities regulated by them to invest in IDFs subject to certain conditions and EPFO also likely to do so in near future. It was also informed that LIC has already invested Rs. 125 crore in the first scheme of IL&FS IDF, which was closed in Dec 2013. Each insurance Company has agreed to invest up to 20% of the corpus of each scheme in IL&FS IDF. LIC has also agreed for 2% equity stake in AMC managing IL&FS IDF besides nominating one of its senior official in the board of IIAML. They further stated that they will be coming out with close ended Scheme(s) with maturities of between 5 and 15 years. Investment shall be in local currency only and these units shall be listed in stock exchange.

IL&FS Engineering Services Receives LoA for Rs. 244.46 Crores Buildings & Structures Project

IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has received a Letter of Award (LoA) from Emaar MGF Land Limited for construction of Civil Structure, Finishing & Low Side Service works of  150 nos  of Residential Villas “Marbella” ( G+2 Storey Building including Basement), Compound Wall, and other miscellaneous works at Sector 65 & 66 in Gurgaon, Haryana. The total value of this contract is Rs. 244.46 Crores, and the project completion period is 30 months.

IL&FS Engineering Services is already executing two Buildings & Structures projects for Emaar MGF - ‘Palm Terraces Select Housing Complex’ at Sector 66, and 'Palm Garden Housing Complex Project' at Sector 83 in Gurgaon worth around Rs. 475 Crores.

About IL&FS Engineering and Construction Company Limited: IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) is one of the leading multi-national Infrastructure Development, Construction and Project Management companies with more than two decades of rich and varied experience in executing landmark projects. The Company executes projects under various domains such as Buildings & Structures, Roads, Railways, Irrigation, Power, Ports, and Oil & Gas. IL&FS Engineering Services has been awarded IMS Certificates (ISO 9001:2008, ISO 14001:2004 & OHSAS 18001:2007) by TUV Nord, and is committed to the highest standards of quality, safety, health, and environment. To know more, please visit www.ilfsengg.com