Ocean Lifespaces India today announced that it has bagged the design and build EPC (Engineering, procurement and construction) contract to complete 6-lakh sq ft of industrial structure for Dubai-based port and logistics Group, DP World in Chennai.
It also won a ₹600 cr contract from Indian Oil Corporation Ltd to design and build the world’s second-largest lube plant
The announcement comes close on the heels of Ocean Lifespaces securing another civil work contract from ZF Rane Automotive India (a joint venture of German-based automotive technology supplier, ZF Group with Rane Group) to develop one-lakh sq ft for its new plant in Trichy.
“With the world limping back to normalcy, and employees coming back to the office, even under the hybrid mode, we are seeing an uptick in the absorption of office space. Moreover, demand for commercial space is also on an upswing,” said SK Peter, Founder & CEO of Ocean Lifespaces India, in a press release.
Peter added, “As the industry is at the cusp of a multi-year growth cycle, bagging the new contract from DP World in Chennai augurs well for our future growth.”
