Contract Details
G R Infraprojects Limited has been declared as the Successful Bidder for the project "Development, Operation and Maintenance of the Multi Modal Logistics Park (MMLP) Varanasi in the State of Uttar Pradesh through Public Private Partnership on Design, Build, Finance, Operate and Transfer (DBFOT) basis".
Awarding Entity
The project was invited and awarded by Varanasi MMLP Limited.
Project Scope and Terms
The contract involves Development, Operation and Maintenance of the Multi Modal Logistics Park (MMLP) Varanasi on Design, Build, Finance, Operate and Transfer (DBFOT) basis.
Financial Consideration
The broad consideration for the order/contract is ₹91.60 Crores.
Execution Timeline
- Construction Period: 1 (one) year from Appointed Date
- Concession Period: 45 Years (including the Construction Period) from the appointed date
Geographical Scope
Domestic project awarded by domestic entity.
Related Party Considerations
The promoter/promoter group/group companies have no interest in the entity that awarded the order/contract. The order/contract does not fall within related party transactions.
Insider Trading Implications
In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Company's Code of Prohibition of Insider Trading, the trading window for dealing in the securities of the Company for all designated persons will remain closed until the completion of 48 hours after the announcement.
Company Undertaking
The company undertakes to update the exchanges in case of any further developments in relation to the project.