GR Infraprojects Limited has been declared the successful bidder for the “Development, Operation and Maintenance of the Multi Modal Logistics Park (MMLP) Varanasi” project. This project, valued at approximately ₹91.60 Crores, will be executed on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis. The project has a construction period of one year and a concession period of 45 years.
GR Infraprojects Secures Key Infrastructure Project
GR Infraprojects Limited has announced its emergence as the successful bidder for a significant infrastructure development project in Varanasi. The project, titled “Development, Operation and Maintenance of the Multi Modal Logistics Park (MMLP) Varanasi”, is set to be undertaken on a Public Private Partnership model. This initiative falls under the Design, Build, Finance, Operate, and Transfer (DBFOT) framework, emphasizing GR Infraprojects’ comprehensive capabilities in large-scale project execution.
Project Details and Financials
The scope of this contract encompasses the entire lifecycle of the MMLP, from its initial design and construction to its subsequent operation and maintenance. The project’s broad consideration is valued at ₹91.60 Crores. The appointed entity for awarding the order is Varanasi MMLP Limited. The project specifies a construction period of 1 (one) year from the Appointed Date, followed by an extensive concession period of 45 Years, inclusive of the construction phase.
Execution and Compliance
GR Infraprojects confirms that the order has been awarded by a domestic entity and that the nature of the contract aligns with their expertise in developing integrated logistics infrastructure. The company has also assured that the trading window for dealing in its securities will remain closed for designated persons for 48 hours post-announcement to ensure compliance with insider trading regulations.
Source: BSE
