Simplex Infra in joint venture with Arabian Construction Company bags contract for world's tallest tower

Company Brief

New Delhi, January 18, 2011

Simplex Infrastructures, one of India's leading infrastructure solutions providers, announced today that in its joint venture with ACC (Arabian Construction Company) it has been awarded the contract for civil construction of the world's tallest residential building - World One, by Lodha Developers. The contract, estimated to be worth over Rs450 crore, is slated to be completed in 38 months.

The world's tallest residential tower in Mumbai will boast of over 117 stories, and will be built on a 17-acre site at Senapati Bapat Marg in Upper Worli. World One, slated to be around 1,450 feet, will be a landmark in Mumbai.

Commenting on the contract, Mr. BD Mundhra, Chairman & Managing Director, Simplex Infrastructures Ltd. said "We at Simplex are proud to have bagged such a significant project in Mumbai, which is aimed to become a marvelous gem in Mumbai's architecture. With this, we see our capabilities - management and execution - strengthening exponentially. Moreover, we are looking forward to our association with Arabian Construction Company, which is a dynamic organization with innovative technology and has in-depth know how on high rise construction."

"Simplex Infrastructures has been progressive and has maintained its robust growth consistently. This is a remarkable achievement for us with our order book swelling up to Rs. 14, 000 crore. We hope to continue the steady progress in future as well", he further added.

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