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The contract includes design, construction and operation of twin tunnel from Film City Goregaon to Khindipada (Amar nagar) Mulund including box tunnel at Film City, electrical, mechanical and associated works.
The sharing ratio of the parties in the JV is NCC (51%) & JKIL (49%). The value of the contract is Rs 6,301.08 crore and project will be executed by a special purpose vehicle.
The share of works to be executed by NCC works out to Rs 3,213.55 crore approximately. The duration of the project is 5 years and operation and maintenance (O&M) is for 10 years.
Hyderabad-based NCC is a construction company, engaged in the construction of roads, buildings, irrigation, water and environment, electrical, metals, mining and railways.
Mumbai-based J Kumar Infraprojects is a construction company.
The shares of NCC rose 0.77% to Rs 150.65 while J kumar Infraprojects rallied 3.95% to Rs 409.45 on the BSE.
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