Order worth Rs 3,500 crore bagged by NBCC
Government-owned NBCC (India) Ltd has won an order worth Rs 3,500 crore from Lucknow. The order is for the development of mixed mixed-use project. NBCC has entered into a Memorandum of Understanding (MoU) with Sarkari Awas Nirman Avam Vitt Nigam Ltd. As per the MoU Sarkari Awas Nirman Avam Vitt Nigam Ltd will award the works related to the execution of mixed land use development of Poorvi Vihar, Lucknow measuring 588 acres.
NBCC will execute the project on a 'deposit on work' basis and the agency charges 10 percent of the actual cost of the project plus GST & taxes.
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