Core Announcement – Order Details
Awarding Entity: Government of Bihar, Department of Mines and Geology
Domestic/International Order: Domestic
Nature of Order/Contract:
Allotment/Leasing of Stone Blocks for mining. The specific work is नवादा जिला के पत्थर भूखण्डोंकी बोंदडबस्ती हेतु (Allotment/Leasing of Stone Blocks Crusher/Sand in Nawada District) for Lot No - 4, Lot Name - Bhadokhara, Block-D. The product type is Mine Block and the category is Mine Block. The project was awarded through a Competitive Bidding process via an E-Reverse Auction. The auction number is MSTC/PTN/District Magistrate Office Nawada/4/Nawada/26-27/20899.
Order Value:
The annual contract amount is ₹28.82 Crore, with an increment of 20% each year, for a period of five years. The total cumulative value is ₹214.52 Crore, exclusive of GST and other taxes.
Materiality Context:
Not Specified
Execution Timeline:
The contract is to be executed over a period of five years. The minable reserve is 4,19,300 cubic meters per year, amounting to a total minable reserve of 20,96,500 cubic meters for the entire contract duration.
Revenue Recognition / Billing Structure:
Not Specified
Key Terms & Payment Milestones:
Not Specified
Whether Related Party Transaction:
No
Promoter Group Involvement:
No. The company specifically states that the promoter/promoter group/group companies have no interest in the entity that awarded the contract.
Financial Implication:
Not Specified