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Rs.550 crores project bagged by ITDC for developing infrastructure in Andhra Pradesh

Capital Market 

Tourism Development Corporation (ITDC) signed a MoU on 10th April 2018 with based firm M/s for developing a Mega Tourism Destination project at Bhairav Lanka in Kakinada, East Godavari District of at an estimated cost of Rs. 550 crores. This is the first of its kind project for the state owned ITDC, which got preferred against several private contenders.

ITDC will be the as well as and the execution which shall be taken up in three stages i.e. preparing the DPR, Implementation of project costing around 550 crores and implementation of second phase of the project.

ITDC has been the prime mover in the progressive development, promotion and expansion of tourism in the country. The Division has completed 67 infrastructure projects for Ministry of Tourism, and various State Governments. The division has also prepared more than 85 DPRs for various tourism projects in the country.

The corporation provides through its full-fledged & Engineering Services Division. It undertakes development of Tourism infrastructure projects from concept to commissioning. It provides services to and State Tourism Departments. M/s is engaged in trading, & hospitality etc.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 08:32 IST
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