Siemens in talks with RIL, L&T to bid for Navi Mumbai airport

Mumbai: Siemens Ltd, the Indian arm of German electrical and engineering company Siemens AG in India, is in talks with Reliance Industries Ltd (RIL) and Larsen & Toubro Ltd (L&T) for a possible tie-up to bid for the proposed Navi Mumbai International Airport.
The company’s subsidiary, Siemens Project Ventures, already holds a 40% share in Bangalore International Airport Ltd with the remaining being held by the Karnataka State Investment and Industrial Development Corp., the Airports Authority of India (13% each), L&T, and Switzerland’s Zurich Airport (17% each).
“Among the possible potential partners for bidding Navi Mumbai airport, Reliance Industries and Larsen & Toubro are important ones,” said a senior Siemens executive, who did not wish to be identified.
An RIL spokesperson declined to comment on the issue. RIL is currently in the process of developing a special economic zone in Navi Mumbai, near the airport.
“We are keen to participate in the Navi Mumbai (airport) project. But we cannot divulge the details of consortium partners at this point of time,” said a senior L&T executive, who asked not to be named.
26/11/07 P.R. Sanjai/Livemint

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Categories: Airports Nov 2007, New Nov 2007