The Motley Fool

Cimic Group Ltd (ASX:CIM) wins $110 million project in India

Cimic Group Ltd (ASX: CIM) is a mining and mineral processing, construction and energy services group.

Cimic Group company, Leighton Asia, will work with developer Bayaweaver Ltd to build the ‘Oh My God’ mixed-use development project in Noida, India. Construction is expected to be completed in mid-2022.

Cimic Group Chief Executive Officer Michael Wright said “Cimic Group and Leighton Asia have a strong track record of delivering premium commercial and residential projects across India.

“This award recognises Leighton Asia’s considerable expertise in the high-end building sector and positions us well to capture future opportunities within the highly competitive Asian market.”

The ‘Oh My God’ development will be made up of a 38-storey tower with 736 studio apartments, the Radisson Red hotel, retail stores, car parks and an additional 3-storey retail building.

The Cimic Group share price was down 0.21% to $51.19 as of close on Friday.

Japanese Billionaire’s Prediction Will Give You Goosebumps

When a veritable investing and entrepreneurial genius speaks, it pays to listen.

In fact, he's now preparing a $100B "war chest" to invest entirely in this "terrifying" new technology, which could spell huge profits for investors.

Click here to learn about this technology and how you can profit!

The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

NEW. Five Cheap and Good Stocks to Buy in 2019…

Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!