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    HOT   DE0006070006

HOCHTIEF AG

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HOCHTIEF : CIMIC's Leighton Asia wins A$140m building project in India

09/06/2021 | 03:32am EST

6 SEPTEMBER 2021 CIMIC'S LEIGHTON ASIA WINS A$140M BUILDING PROJECT IN INDIA

CIMIC Group company Leighton Asia has been selected by Phoenix IT City Private Limited to construct Equinox, an Indian Green Building Council Platinum rated commercial complex in Hyderabad, India.

The contract will generate revenue of approximately A$140 million1 for Leighton Asia.

CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said: "Leighton Asia has a strong track record of delivering building projects in India, including large-scale retail and commercial developments, also in Hyderabad. This is the second building project awarded to Leighton Asia by the Phoenix Group. Leighton Asia will bring its clear commitment to safety and quality, to deliver on our client's vision for this landmark project."

Leighton Asia Managing Director Pedro Vicente said: "Our international expertise and local experience means we are able to deliver premium commercial and residential projects across India and support the growth of the Hyderabad region."

Construction works comprise the delivery of four commercial office towers, including two 20- storey and two 11-storey buildings, all with three common basements.

The construct-only contract includes the delivery of civil and structural works, mechanical, electrical and plumbing services, façade and external works.

Construction is expected to commence in October 2021 and complete in Q2 2023.

ENDS

Issued by CIMIC Group Limited ABN 57 004 482 982 www.cimic.com.au Authorised by the CIMIC Group Continuous Disclosure Committee

Contacts

Mr Justin Grogan, Investor Relations T+61 2 9925 6628

Ms Fiona Tyndall, Communications T+61 2 9925 6188

CIMIC Group (ASX:CIM) is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects. CIMIC Group comprises our construction businesses CPB Contractors, Leighton Asia and Broad, our mining and mineral processing companies Thiess (joint control) and Sedgman, our services specialist UGL and our public private partnerships arm Pacific Partnerships - all supported by our in-house engineering consultancy EIC Activities. Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and around 31,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 200 index, the Dow Jones Sustainability Australia Index and FTSE4Good.

1 Using the exchange rate of US$1=A$1.3333

Disclaimer

Hochtief AG published this content on 06 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2021 07:31:02 UTC.


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