Realty firm Omaxe Ltd today said its subsidiary has bagged a contract of Rs 202.72 crore from the Defence Ministry to build a housing project in Indore.
Omaxe Infrastructure & Construction Ltd (OICL), a wholly- owned subsidiary of Omaxe, has been awarded the contract from DGMAP, Ministry of Defence to construct a residential complex at Indore, the company said in a statement.
"The project is pegged at Rs 202.72 crore," it said, adding that work order involves construction of residential accommodation for defence Junior commissioned officers (JCOs) and other ranks (ORs).
OICL would construct a total of 1,044 dwelling units for JCOs and ORs. The project will be completed in 25 months.
After winning this project, OICL's order book has reached to about Rs 1,181 crore.
Early this month, OICL had bagged a contract of Rs 128 crore from the Defence Ministry to construct a housing project in Jammu & Kashmir.
In real estate, Omaxe is developing 53 projects. Among these, there are 21 integrated townships, including a hi-tech city, 21 group housing projects, nine shopping malls and commercial complexes, and two hotels.
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