Latest News | NBCC Bags Rs 968 Cr Contract in Maldives to Construct 2,000 Flats
Get latest articles and stories on Latest News at LatestLY. State-owned NBCC on Friday said it has bagged a Rs 968 crore contract, its biggest order in the overseas market, for the construction of 2,000 social housing in Maldives.
New Delhi, Sep 24 (PTI) State-owned NBCC on Friday said it has bagged a Rs 968 crore contract, its biggest order in the overseas market, for the construction of 2,000 social housing in Maldives.
In a regulatory filing, NBCC informed that it has secured the work order of construction of 2000 Social Housing at Hulhumale, Maldives on EPC basis.
"The total cost of the project is USD 130 Million (Rs 968.50 crore approx)," it added.
With the signing of loan agreement between Fahi Dhiriulhun Corporation Limited (FDC) and Exim Bank of India on September 23, 2021, NBCC has been entrusted with the task of constructing 2000 social housing units in Hulhumale under Buyer's Credit.
Also Read | Sensex Closes Above 60,000-Mark for First Time, Nifty Nears 18,000.
"It is worth highlighting that this prestigious project is the biggest ever overseas work secured by NBCC," the company said in a statement separately.
The project sprawls over 7.2 acres of land area across seven plots.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)