G R Infraprojects Wins Contract to Develop Multi Modal Logistics Park in Varanasi
G R Infraprojects Limited has secured a significant contract for the development and operation of a large logistics facility in Uttar Pradesh. The company was declared the successful bidder by Varanasi MMLP Limited for the project known as the Development, Operation and Maintenance of the Multi Modal Logistics Park (MMLP) Varanasi.The contract awarded to G R Infraprojects involves transforming the park through a Public Private Partnership model utilizing the Design, Build, Finance, Operate and Transfer (DBFOT) framework. The total value of this substantial project is Rs. 91.60 Crores.
This strategic partnership outlines clear timelines and operational parameters for the company.
Key details regarding the contract include:
| Particulars | Details |
|---|---|
| Awarding Entity | Varanasi MMLP Limited |
| Nature of Contract | Design, Build, Finance, Operate and Transfer (DBFOT) |
| Project Location | Multi Modal Logistics Park (MMLP), Varanasi in Uttar Pradesh |
| Contract Value | Rs. 91.60 Crores |
| Construction Period | 1 year from Appointed Date |
| Concession Period | 45 Years, including the Construction Period |
The contract is domestic in nature, and there is no reported conflict of interest between G R Infraprojects Limited and Varanasi MMLP Limited. The transaction falls outside of related party transactions.
G R Infraprojects Limited will provide updates regarding any further developments pertaining to the project.
GRINFRA Stock Price Movement
G R Infraprojects Limited shares slipped by 2.51% to close on Friday at ₹870.7, shedding over ₹22.35 from its previous closing price. The stock traded within a range defined by a low of ₹856.4 and a high of ₹948.8 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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