GVK group awarded the Navi Mumbai airport’s engineering procurement and construction contract to Larsen & Toubro (L&T) Construction.
The deal size and project completion deadline has not been disclosed by the GVK group in its announcement but sources pegged the deal value to be over Rs 6,000 crore.
GVK won the bid to construct the Navi Mumbai airport in 2017 and the concession agreement for the project was signed in January 2018. A tender floated in August previous year to select the EPC contractor was.
In June, L&T was selected by the board of planning authority, City and Industrial Development Corporation for the job. A formal agreement was signed today by GVK group founder and chairman GVK Reddy and L&T’s managing director S N Subrahmanyan.
