Mumbai International Airport Pvt Ltd is a joint venture between GVK-SA consortium and Airports Authority of India. It was awarded the mandate of upgrading and expanding the Chhatrapati Shivaji International Airport.
"L&T is happy to be associated with GVK to create the largest airport hub in the business capital of India. L&T's focus has always been to undertake projects in critical infrastructure sectors like airports, power and oil and gas," L&T Chairman and Managing Director A M Naik said.
As per the contract, L&T would build the new integrated passenger terminal and expand the existing facilities, the
company informed the Bombay Stock Exchange.
The new terminal, which would cater to both domestic and international passengers, would double the passenger-handling capacity to 40 million passengers per year.
The work includes construction of taxiways, aprons, aircraft maintenance facilities, utility services and other primary infrastructure support facilities, it added.
L&T, however, did not disclose the value of the contract. The engineering, construction and procurement contract would give shape to the master plan unveiled earlier by MIAL that envisages the design and construction of a new integrated passenger terminal for the upgradation of CSIA, the statement said.
Shares of L&T were trading at Rs 4,461.15, up 5.10 per cent in the afternoon trade on the BSE.