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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.

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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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