Deals3 May 2025, 02:52 pm
InfoBeans Technologies Ltd Awarded Contract for Construction of Green IT Park Building in Indore
AI Summary
InfoBeans Technologies Ltd has been awarded a contract for the construction of a Green IT Park Building and its services at IT Park, Indore (M.P.) on Design, Build, Finance, Operate, and Transfer (DBFOT) under Public Private Partnership (PPP). The company holds 51% stake in the project and is expected to occupy half of the proposed 4 lakh sq ft green building. The project is a 50-year lease including 36 months of construction period. The capital infusion for the project is INR 30 Cr, with the rest being through debt. The project is not a related party transaction and does not fall under any related party transactions.
Key Highlights
- InfoBeans awarded contract for construction of Green IT Park Building and its services at IT Park, Indore
- Project is on Design, Build, Finance, Operate, and Transfer (DBFOT) basis under Public Private Partnership (PPP)
- InfoBeans holds 51% stake in the project and expected to occupy half of the 4 lakh sq ft green building
- Project is a 50-year lease including 36 months of construction period
- Capital infusion for the project is INR 30 Cr, with the rest being through debt