October 07, 2008

Gammon India bags commercial project contract in MP

Gammon India has bagged an order worth INR 800 crore from Madhya Pradesh government for the construction of commercial project at South TT Nagar in Bhopal. An agreement regarding the purpose was signed between Gammon India and the state government on April 18th 2007.

As per the agreement, 15 acre land will be given on lease for 30 years for construction of retail and office spaces, multiplex, hotel and other commercial development with ancillary residential development.

Madhya Pradesh Housing Board is the nodal agency for implementation of the project and will be the project management agency till its completion.