L&T-led consortium wins order worth $764 million in Oman

Larsen & Toubro (L&T) Ltd has said that its construction division has won an engineering, procurement and construction (EPC) order for the design and development of the New Salalah International Airport in Oman.

The L&T-Galfar consortium has been awarded the project by the ministry of transport & communications of Oman. The order is of $764 million. L&T's scope of works will be approximately $500 million to be completed in 30 months. Upon completion, the airport will have capacity to handle two million passengers per annum.

The scope of work involves complete design including airside and landside works, and construction of the 6.6 lakh sq ft passenger terminal building, Air Traffic Control tower, ancillary buildings including MEP systems and airport-wide system networks.

L&T has a significant presence in Oman through L&T Oman LLC, a JV of L&T and Zubair Corporation. On Monday, L&T ended 0.1% up at Rs2,080 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.76% up at 20,309.69 points.

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Adani Power appoints Prabal Banerji as CFO

Prabal Banerji joins Adani Power as CFO

Adani Power today said it has appointed Prabal Banerji as the new chief financial officer of the company.

Before joining Adani Group, Banerji was the group CFO of the Hinduja Group. He has previously worked with organisations like Mahindra & Mahindra, Duncan, Shaw Wallace, India Foils, Indian Aluminium and Pricewaterhouse Coopers, a company statement said.

He has over 28 years of exposure in corporate finance, business planning, strategic planning, resource mobilisation, mergers and acquisitions, capital re-structuring, business re-structuring, strategic alliances, investor relations and other related areas.

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Macquarie Capital Advisers appoints Jamaludin Zakaria as head of Malaysia coverage

Jamaludin Zakaria joins Macquarie Capital Advisers as the managing director for Malaysia country

Macquarie Capital Advisers, the corporate advisory and equity underwriting business of Macquarie Group, said it has appointed Jamaludin Zakaria as head of Malaysia country coverage.

Mr Zakaria has joined the company as a managing director, and will report to Kalpana Desai, head of Macquarie Capital Advisers, Asia. He joins Macquarie Capital from Credit Suisse where he led Credit Suisse's investment banking coverage for Malaysia. Prior to joining Credit Suisse, Mr Zakaria was head of HSBC's investment banking operations in Malaysia.

Mr Zakaria has more than 15 years of international and domestic banking experience, and was involved in a number of landmark transactions in Malaysia including the Maxis Berhad initial public offering (IPO), which was the largest ever IPO in South East Asia and the largest telecommunications IPO in Asia Pacific since 2000. He also worked on the $1.62 billion rights issue by Maybank Berhad , the largest ever rights issue out of Malaysia.

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