Core Announcement – Order Details
Awarding Entity: Ahmedabad Municipal Corporation (AMC)
Domestic/International Order: Domestic
Nature of Order/Contract: Construction and development of residential units and commercial shops for slum rehabilitation under the PM Awas Yojana (PMA) Scheme and Slum Rehabilitation Scheme of the Government at Gulbai Tekra, Ahmedabad.
Order Value: The amended total contract value is INR 105.65 Crore. The original contract value was INR 99.08 Crore, representing an increase of INR 6.57 Crore.
Materiality Context: The amendment is described as received "under ordinary course of business of the Company as a regular business activity in normal course."
Execution Timeline: Not Specified
Revenue Recognition / Billing Structure: The entire consideration will be received in the form of Transferable Development Rights (TDR) worth INR 105.65 Crore.
Key Terms & Payment Milestones: The original contract provided for TDR of INR 70.34 Crore and Land Premium of INR 28.74 Crore. The amendment eliminates the Land Premium component and provides the entire consideration as TDR of INR 105.65 Crore.
Whether Related Party Transaction: No
Promoter Group Involvement: Not Specified
Financial Implication: Not Specified