Construction company Gammon India Ltd said it had bagged a Rs 1,200 crore Offshore Container Terminal Project.
The consortium of Gammon and Dragados SPL has received the Letter of Intent for the container terminal project, the company informed the Bombay Stock Exchange.
The project cost would be about Rs 800 crore in the initial three years and another Rs 400 crore for the subsequent period, it said.
The project would involve operations and management of the existing Mumbai Port container terminal for first five years.
The project is on a Build-Operate-Transfer (BOT) basis for 30 years, including three years of construction and equipping period.
The consortium of Gammon and Dragados SPL has received the Letter of Intent for the container terminal project, the company informed the Bombay Stock Exchange.
The project cost would be about Rs 800 crore in the initial three years and another Rs 400 crore for the subsequent period, it said.
The project would involve operations and management of the existing Mumbai Port container terminal for first five years.
The project is on a Build-Operate-Transfer (BOT) basis for 30 years, including three years of construction and equipping period.