Renaatus Projects, a construction and construction material manufacturing company in Chennai, has won a $29 million contract from the Maldives government to improve infrastructure at the international airport on Gan Island.
The project, which will be funded by Exim Bank of India, involves constructing an air traffic control tower, fire station and upgrading and renewing the terminal, parking, roads, duty-free shops and restaurants. The project is expected to begin this month and will be completed by 2025.
Renaatus, a construction-to-fabrication multinational, said its target is to increase top line growth from about Rs 800 crore in FY23 to Rs 3,500 crore by 2030.
