NBCC bags Rs 700 cr orders from Raipur Smart City
NBCC (India) has secured new works from Raipur Smart City (RSCL) for various infrastructure projects
State-owned NBCC has secured orders worth Rs 700 crore from Raipur SMART City Ltd. NBCC (India) said it has "secured new works from Raipur SMART City Ltd (RSCL) for various infrastructure projects."
The company has secured order for commercial redevelopment of Ganj Mandi, Shastri Market, Naveen Market and two vacant land at Raipur.
"The total estimated cost of these projects is Rs 700 crore (approx)," it said.
NBCC had earlier signed a memorandum of understanding (MoU) with Raipur Smart City Ltd for various infrastructure works as their executing agency. The company will charge a project management consultancy (PMC) fee of 8% on the actual cost of work.