| NCC announced that the Company and J. Kumar Infraprojects (JKIL) has been awarded the contract relating to “Design, Construction and Operation of twin tunnel from Film City Goregaon to Khindipada (Amar nagar) Mulund including box tunnel at Film City, Electrical, Mechanical and associated works” by Brihanmumbai Municipal Corporation vide LOA dated 21 September 2023.
The sharing ratio of the parties in the JV is NCC (51%) & JKIL (49%). The value of the contract awarded is Rs.6,301.08 crore (net of GST) and in terms of the contract conditions the project will be executed by a Special Purpose Vehicle to be formed for this purpose. The share of works to be
executed by NCC works out to Rs.3,213.55 crore approximately. The duration of the Project is 5 years and O&M is for 10 years. |