IL FS Engineering and Construction Company Ltd has informed BSE that the Company has received a Letter of Intent (LOI) from IL FS Prime Terminals FZC for construction of Storage Tank Terminal at Fujairah, UAE. The total project cost is Rs. 445 crores (AED 304 million). The project is on Engineering, Procurement, and Construction (EPC) basis and consists of construction of 15 Nos. of Storage Tanks having a total storage capacity of 0.85 million tons. The project completion time is seventeen months from the commencement date.