MENU

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.