Joint Venture6 Sept 2024, 01:23 am
Udayshivakumar Infra Secures Rs. 119.78 Crore Water Supply Order in Karnataka Joint Venture
AI Summary
Udayshivakumar Infra Ltd, in a joint venture with Kevadiya Construction Private Limited, has won a bidding and secured an order worth Rs. 119.78 Crores including GST for a water supply project in the State of Karnataka. The project, named 'Improvements of Water Supply Scheme to Hangal town and providing water supply scheme to Yallapur Town with Bommanahalli pickup dam as source' under AMRUT 2.0, also includes operation and maintenance for a period of 5 years in a Design, Build, Operation and Transfer (DBOT mode). The appointed date is yet to be issued. The shareholding of the Joint Venture is 51% for Kevadiya Construction Private Limited and 49% for Udayshivakumar Infra Limited.
Key Highlights
- Udayshivakumar Infra Ltd and Kevadiya Construction Private Limited have formed a joint venture for a water supply project in Karnataka.
- The joint venture has secured an order worth Rs. 119.78 Crores including GST for a 5-year project under AMRUT 2.0.
- The project involves improvements to water supply in Hangal town and providing water supply to Yallapur Town with Bommanahalli pickup dam as the source.
- The joint venture will operate in a Design, Build, Operation and Transfer (DBOT) mode.
- The appointed date for the project is yet to be issued.