The Structural Steel Division of Jindal Steel and Power (JSPL) has partnered with Bhasin Group for construction of Festival City, India's tallest composite steel structure. The world-class commercial complex spread over 9 lakh square feet in Noida, the 33 storied Festival City will be built in 99 days, Fastest ever in India. The construction of the office tower 'Mist' commenced on Oct.21, 2015 and is scheduled for completion on Jan.29, 2016.
Under the strategic partnership, JSPL will provide infrastructure solutions to Festival City such as E550 grade structural steel columns and beams, suspended concrete flooring system- Speedfloor for slabs and TMT Welded-mesh for slab reinforcements.
V K. Mehta, director - marketing, JSPL said, ''With considerably stronger building structures that are 'ready to move' in much shorter times, we are well poised to capitalize on this fast growing segment in the domestic market. We are looking at partnering with construction and realty companies to increasingly promote the use of Structural Steel.''
Shares of the company gained Rs 0.05, or 0.07%, to settle at Rs 75.30. The total volume of shares traded was 894,473 at the BSE (Tuesday).