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Embassy Developments Awards INR8.50 Billion Construction Contract for Mumbai, India Project

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Embassy Developments (NSE:EMBDL, BOM:532832) has awarded a construction contract worth more than 8.50 billion Indian rupees to Leighton Asia for its Embassy Citadel residential project in Worli, Mumbai, according to a Monday filing on Indian bourses.

The contract covers civil and structural works for the project, the filing said.

Embassy Citadel spans about 1.6 million square feet and is planned to include 316 apartments and two triplex mansion homes. The project has an estimated gross development value of about 88 billion rupees, the company said in the filing.

Shares of the company jumped over 6% in recent trade.

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