Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, together with Geodesic Techniques Private Limited, an engineering design and build company in India, has won a sub-contract worth INR 235 Crores ($75.5 million) for the construction of a roof structure and composite steel columns for a new integrated terminal building for the Mumbai International Airport. The contract is expected to be completed by  Feb 28, 2011.

Mumbai International Airport, also known as the Chhatrapati Shivaji International Airport, is one of India’s busiest airports, handling some 26 million passengers per annum. The new passenger terminal building will have a total floor area of 4.3 million square metres spread across four levels. The main engineering procurement and construction contract was awarded to Larsen & Toubro (L & T), India’s largest engineering company.

Yongnam is in discussions with Geodesic to form an equal joint venture (JV) to undertake the project. The JV will supply, fabricate and erect approximately 20,000 tonnes of structural steel for the roof structure as well as composite steel columns of the new passenger terminal building and piers. As the lead partner in the JV, Yongnam will deploy personnel in the key areas of fabrication, erection, quality control and safety.

“This is our second major contract win in India, following the successful completion of the roof structure steelwork for the new passenger terminal building at the new Terminal 3 of Delhi International Airport. As we build up our track record in India, this is a testament to our commitment to quality and safety, as well as our ability to provide value-added engineering and steel construction solutions. More importantly, this contract is evidence of our successful effort to deepen our market penetration in India,” said Seow Soon Yong, Chief Executive Officer of Yongnam.

The contract is expected to have a favourable impact on the group’s FY2010 financial performance.