Lanco, Sembawang sign pact for Hyderabad IT park tower

March 10th, 2008 - 6:21 pm ICT by admin  

Mumbai, March 10 (IANS) Lanco Hills Technology Park Monday signed an agreement with Sembawang Infrastructure India for constructing a tower for in Hyderabad’s sprawling IT park. Lanco Hills CEO S. Pochendar and Sembawang Managing Director J.D. Stuart Macaskie signed the Rs.500-million project to execute the structural work of the tower for the Software Economic Zone (SEZ) IT park.

“We are developing eight million sq ft of office space in our IT Park spread over 12 towers of SEZ and non SEZ areas. Out of this, the first non SEZ tower with 400,000 sq ft is already under construction and is expected to be ready in an year,” said Pochendar.

Lanco Hills Pvt. Ltd., a wholly owned subsidiary of Lanco Infratech Ltd., is part of Lanco Group headquartered in Hyderabad with business interests in property development, power and infrastructure.

Sembawang Infrastructure India Pvt. Ltd., a wholly owned subsidiary of Sembawang Engineering and Construction, Singapore, is one of South East Asia’s leading design and build contractors.

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