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NBCC inks MoU for Rs 1058 cr irrigation project in Maharashtra

Press Trust of India  |  New Delhi 

State-owned construction firm NBCC (India) Ltd today signed an agreement with the Irrigation Development Corporation (VIDC) for a Rs 1,058-crore irrigation project in

"NBCC has been allotted construction of irrigation scheme works in under Gosikhurd National Project, valuing approx Rs 6,000 crore," the company said in a statement.

The memorandum of understanding (MoU) for the first phase of work valued at about Rs 1,058 crore was signed today in The first phase is part of the total work of Rs 6,000 crore to be implemented by the company.

"The scope of work underGosikhurd National Project in includes upgradation of civic amenities of rehabilitation villages, right canal, canal and distribution system of Nerla and Mokhabardi LIS etc," the statement said.

The first phase of project is likely to be completed in about 18 months.

NBCC MD Anoop Kumar Mittal said that the company is eyeing overseas markets for expansion. He said the company has bagged Rs 250 crore project from Mauritius last week and is expecting to secure more projects in Mauritius and other such neighbouring countries.

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

First Published: Thu, March 16 2017. 17:08 IST