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

Cimic Group Ltd (ASX:CIM) has won a $110 million project in India.

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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.

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.

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