NBCC inks MoU for Rs 1058 cr Maha irrigation project

State-owned construction firm NBCC (India) Ltd today signed an agreement with the Vidarbha Irrigation Development Corporation (VIDC) for a Rs 1,058-crore irrigation project in Maharashtra.

"NBCC has been allotted construction of irrigation scheme works in Maharashtra under Gosikhurd National Project, valuing approx Rs 6,000 crore," the company said in a statement.

The memorandum of understanding (MoU) for the first phase of work valued at about Rs 1,058 crore was signed today in Mumbai. The first phase is part of the total work of Rs 6,000 crore to be implemented by the company.

"The scope of work under Gosikhurd National Project in Maharashtra includes upgradation of civic amenities of rehabilitation villages, right bank canal, canal and distribution system of Nerla and Mokhabardi LIS etc," the statement said.

The first phase of project is likely to be completed in about 18 months.

NBCC MD Anoop Kumar Mittal said that the company is eyeing overseas markets for expansion. He said the company has bagged Rs 250 crore project from Mauritius last week and is expecting to secure more projects in Mauritius and other such neighbouring countries.