Nagarjuna Construction wins orders worth $105 million

March 5th, 2008 - 3:55 pm ICT by admin  


Mumbai, March 5 (IANS) Andhra Pradesh-based builder Nagarjuna Construction Co Ltd said Wednesday it has secured three contracts worth Rs.4.24 billion ($105 million) from various civic bodies that include building a flyover in Mumbai. Announcing this to the Bombay Stock Exchange (BSE), the company said the Indore Municipal Corporation has awarded it a Rs.2.66-billion contract to construct a sewage system.

In Mumbai, the company will build a Rs.1.12-billion flyover on Babasaheb Ambedkar Marg, a project of Mumbai Metropolitan Region Development Authority, in 18 months.

The company will also be constructing a Rs.4.6 million factory for Volkswagen India Ltd in Chakan near Pune in a year.

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