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IL&FS Engineering and Construction Company Limited has received a Letter of Intent (LoI) from IL&FS Prime Terminals FZC for construction of Storage Tank Terminal at Fujairah, UAE.
The Rs 445 crore project has been awarded on Engineering, Procurement, and Construction (EPC) basis. It consists of construction of 15 storage tanks having a total storage capacity of 0.85 million tonnes. The project has to be completed in seventeen months from the commencement date.
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