Core Announcement – Order Details
Awarding Entity: Airports Authority of India (AAI)
Domestic/International Order: Domestic
Nature of Order/Contract: Detailed Designing, Engineering, Procurement and Construction of Cityside works (New Domestic Terminal Building with parking, Electrical Sub-Station, Approach Roads, Ancillary Structures, Allied Works and Associated MEP and Electro-Mechanical works, Airport System, IT System, Security System including Maintenance, Operation & AICMC etc.) and Airside Works (Extension and Strengthening of Runway, Apron, Taxiways, Isolation Bay, RESA, Grading, Civil and Electrical works for NAV-AIDS Facilities, Perimeter Road, Approach Road, Runway Lighting System, allied works etc.) at Pantnagar Airport in Uttarakhand on EPC Basis.
Order Value: ₹302.44 Crore (Rupees Three Hundred Two Crore and Forty-Four Lakhs only) excluding GST
Materiality Context: Company emerged as L-1 (First Lowest) bidder for the project
Execution Timeline: Completion Period: 24 Months
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No promoter/promoter group/group companies have any interest in the entity that awarded the order
Financial Implication: Not Specified