November 1, 2012 [RTT News] - IL&FS Engineering and Construction Co. Ltd. said it had received a Letter of Intent or LoI for Rs.445 crore or AED 304 million from IL&FS Prime Terminals FZC for construction of storage tank terminal at Fujairah, UAE.
The project is on engineering, procurement, and construction (EPC) basis and consists of construction of 15 nos. of storage tanks having a total storage capacity of 0.85 million tons.
The project completion time is seventeen months from the commencement date.
At the BSE, IL&FS Engineering and construction closed Tuesday’s trading at Rs.60.45, down 1.55 percent from the previous close.
