Lanco Hills construction by Sembawang

Lanco Infratech Ltd has informed about the signing of an Agreement by M/s. Lanco Hills Technology Park Pvt Ltd (a Subsidiary of the Company) with M/s. Sembawang Infrastructure India Pvt Ltd, (a Wholly Owned Subsidiary of Sembawang Engineering and Construction, Singapore) for execution of structural work of Tower 9 for the prestigious SEZ IT Park at Hyderabad worth Rs 50 Crores.

In this regard the Company has issued the following Press Release:

"Sembawang Infrastructure India Pvt Ltd has bagged the order for construction of an IT Tower in the Lanco Hills Technology Park Pvt Ltd's IT Park in the SEZ area. To this effect Lanco Hills Technology Park Pvt Ltd and Sembawang Infrastructure India Pvt Ltd on March 10, 2008 signed an agreement for execution of the structural work of Tower 9 for their prestigious SEZ IT Park. The agreement involving this tower worth Rs 50 Crores was signed by Mr. S Pochendar, CEO of Lanco Hills and Mr. JD Stuart Macaskie, Managing Director of Sembawang in Hyderabad. Lanco Hills is a mega project coming up in 108 acres in Hyderabad including IT Park, Residential Towers, Mall, Multiplex, Hotels, Recreation and many futuristic amenities.

Mr. Pochendar, CEO of Lanco Hills, comments "We are developing 8 Million sq.ft of office space in our IT Park spread over 12 towers of SEZ and Non SEZ areas. Out of this the first Non SEZ Tower with 4 lakhs sq.ft is already under construction and is expected to be ready in an year. The first SEZ Tower with 30 floors will have 9 lakh sq.ft of office space and the work order has been given to Sembawang. We expect the work to start in a month's time. When completed this whole project will be one of its kind with the best of infrastructure and amenities anywhere in the world."

Lanco Hills is part of Lanco Group headquartered in Hyderabad with business interests in Property Development, Power, Infrastructure and Construction with mega projects across India.

Sembawang Infrastructure India Pvt Ltd, a wholly owned subsidiary of Sembawang Engineering and Construction, Singapore one of South East Asia's leading EPC / Design and Build Contractors, has other major ongoing projects in India, China, Indonesia, Singapore and the Middle East."