Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

L&T IDPL Bags EPC Contract for Navi Mumbai Airport

The Navi Mumbai airport, once commissioned, will initially have passenger handling capacity 10 mpa (million passengers per annum), which will be later scaled up to 20 mpa.


Updated:August 31, 2019, 8:08 PM IST
L&T IDPL Bags EPC Contract for Navi Mumbai Airport
Image for representational purpose. (Photo courtesy: AFP)

Mumbai: Navi Mumbai International Airport Private Limited (NMIAPL) said on Saturday that it has awarded the engineering, procurement and construction (EPC) contract for the greenfield airport to the L&T infra arm, L&T IDPL.

The work under the EPC contract includes cutting and filling, construction of terminal building, airfield development such as construction of runway, apron area, taxiways, airfield development and utilities and support facilities, among others, Mumbai International Airport Ltd (MIAL) said in a release.

NMIAPL is a public-private partnership venture in which GVK-led MIAL has a 74 per cent stake with CIDCO, the Maharashtra government's nodal agency for the project, holding the remaining 26 per cent.

"We are happy to partner with L&T for the Navi Mumbai airport," said GVK Reddy, founder and chairman, GVK group.

MIAL was declared the winning bidder for the greenfield international airport in Navi Mumbai that will be built on 1,160 hectares of land in phases and will eventually cater to 60 million passengers per year.

The initial concession period for the over Rs 14,000 crore airport project is 30 years, extendable for a further 10 years.

The Navi Mumbai airport, once commissioned, will initially have passenger handling capacity 10 mpa (million passengers per annum), which will be later scaled up to 20 mpa.

"We are happy that we have bagged the mandate to build the Navi Mumbai airport. GVK has entrusted L&T to develop some of their major infrastructures," said S N Subrahmanyan, Chief Executive Officer & Managing Director, L&T.

"Having built almost all the major international airports in the country including Terminal 2 of the Mumbai International Airport, this order once again affirms our credentials as the foremost builders of airport infrastructure in the country," Subrahmanyan said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

Most Active
Company Price Change %Gain
Reliance 1,293.70 4.40
Maruti Suzuki 6,951.35 0.78
Zee Entertain 271.30 -0.11
HDFC Bank 1,241.35 -1.26
BPCL 473.10 4.94
Company Price Change %Gain
Zee Entertain 271.50 -0.22
Reliance 1,293.20 4.40
Maruti Suzuki 6,950.00 0.74
HDFC Bank 1,241.20 -1.37
IWML 1,458.60 5.00
Top Gainers
Company Price Change %Gain
BPCL 473.20 4.96
Reliance 1,293.15 4.35
Infosys 787.00 2.96
Tech Mahindra 701.90 2.80
Tata Motors 130.30 1.88
Company Price Change %Gain
Reliance 1,293.20 4.40
Infosys 787.10 2.88
Tata Motors 130.45 2.03
HCL Tech 1,048.55 1.56
TCS 2,045.85 1.54
Top Losers
Company Price Change %Gain
Eicher Motors 18,224.95 -5.27
JSW Steel 234.50 -3.78
SBI 303.30 -3.33
Larsen 1,485.00 -2.85
Axis Bank 707.60 -2.47
Company Price Change %Gain
SBI 303.20 -3.32
Larsen 1,484.35 -2.83
Axis Bank 707.35 -2.71
Hero Motocorp 2,751.45 -2.57
Asian Paints 1,760.05 -2.45

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results