Marushika Technology Limited Wins Multi Level Car Parking Project in Nashik
Marushika Technology Limited, as part of a consortium, has received a Letter of Award from the Nashik Municipal Corporation (NMC) for the development of a Multi Level Car Parking (MLCP) project at Yashwant Mandai, Nashik. This project is designated for Simhastha Kumbh Mela and will be executed on a Public Private Partnership (PPP) basis.The consortium, which includes iRAM Technologies Private Limited as the Lead Member, Marushika Technology Limited, and SRK Buildtech LLP, was elected by NMC to undertake this development initiative. The Letter of Award was issued by the Nashik Municipal Corporation on August 12, 2026.
The project involves developing MLCP under a Design, Build, Finance, Operate and Transport (DBFOT) model. This domestic contract has an estimated consideration of ₹ 30 Crores.
Key details regarding this significant contract award are as follows:
| Particulars | Details |
|---|---|
| Awarding Entity Name | Nashik Municipal Corporation |
| Project Scope | Development of Multi Level Car Parking (MLCP) at Yashwant Mandai, Nashik for Simhastha Kumbh Mela on PPP basis. |
| Contract Nature | Development of MLCP under design, build, finance, operate and transport (DBFOT) model. |
| Concession Period | 30 years, which includes a one year construction period. |
| Estimated Project Size | ₹ 30 Crores |
| Promoter Interest Check | None of the promoters holds an interest in the entity that awarded the order. |
The transaction does not fall under the category of a Related Party Transaction. The company is committed to executing the project according to the terms and conditions set out in the Request for Proposal (RFP) and Draft Concession Agreement.
MARUSHIKA Stock Price Movement
Today, shares of Marushika Technology Limited were stable in post-market trading, settling flat at ₹111. The equity closed exactly at its previous close, reflecting consistent performance throughout 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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