GR Infraprojects emerges preferred bidder for ₹91.60 Crore MMLP Varanasi project
G R Infraprojects Limited has been declared the successful bidder for the Multi Modal Logistics Park (MMLP) project in Varanasi. The project is valued at ₹91.60 Crores and involves development, operation, and maintenance on a DBFOT basis. The concession period is 45 years.
The project value of ₹91.60 Crores is significant and is expected to contribute to the company's order book and future revenue, though it may not drastically alter the company's overall financial standing in the short term.
The company has secured a new project, which is positive for its business growth and revenue prospects.
G R Infraprojects Limited has been declared the Successful Bidder for the project concerning the Development, Operation, and Maintenance of the Multi Modal Logistics Park (MMLP) in Varanasi, Uttar Pradesh. The project is to be executed on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis through a Public Private Partnership.
The contract has been awarded by Varanasi MMLP Limited. The scope of work involves the design, construction, financing, operation, and maintenance of the logistics park. The project is domestic in nature and falls under the DBFOT model.
The execution timeline includes a construction period of one year from the Appointed Date, followed by a concession period of 45 years, also commencing from the appointed date. The broad consideration for this project is ₹91.60 Crores. The company has confirmed that its promoter or promoter group does not have any interest in Varanasi MMLP Limited, and the contract does not fall under related party transactions.
Additionally, the company informed that the trading window for dealing in the securities of the Company for all designated persons will remain closed up to the completion of 48 hours after the announcement, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
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G R Infraprojects Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by G R Infraprojects Limited. Read the original for the full detail.