IL&FS Engineering and Construction, earlier known as Maytas Infra, has bagged a contract worth $100 million from Prime Star Energy FZE (PSE) for construction of a storage tank terminal in UAE. The facility is expected to be completed within the next 2 years. PSE, part of the Emirates Trading Agency LLC group, has tied up with Infrastructure Leasing & Financial Services for financing and construction of this project.
PSE plans to undertake the development, operations and maintenance of a storage tank terminal for oil and oil products. Maytas Infra, is engaged in infrastructure development, construction and project management. The company has undertaken projects in segments such as roads/expressways/highways, buildings and industrial structures, irrigation canals and dams and thermal and hydel power.