For redevelopment and monetization of land at Maddilapalem, VisakhapatnamNBCC (India) has executed a MoU with Rashtriya Ispat Nigam
(RINL) for redevelopment and monetization of 22.19 acres of Land
Parcels at Maddilapalem, Visakhapatnam on 26 February 2021 on self sustainable model.
NBCC shall be paid Project Management Consultancy (PMC) fee @7% of the
estimated/approved project cost or actual project cost (whichever is lower).
NBCC shall also be paid Project Marketing fee @1% of actual sale proceeds on
account of expenditure towards appointment of real estate consultant, publicity,
marketing, sale etc of commercial and residential spaces.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Updated:
Share Article
AAA
D.K. Mohanty, Director (Commercial), Rashtriya Ispat Nigam Limited, has been appointed as the chairman of CII Visakhapatnam Zone for the year 2021-22.
Ragam Kishore, CEO and Director, Vizag Seaport Private Limited, will be the Vice Chairman.
This was announced by D. Ramakrishna, Chairman, CII Andhra Pradesh, here on Saturday.
After taking charge Mr. Mohanty said that he would focus on programmes which will bring the latest technology and best practices to further improve the businesses opportunities for the industry.
SUBSCRIBE TO OUR DAILY NEWSLETTER
Submit
Related Articles
State-owned Steel Authority of India (SAIL) neither applied technical due diligence nor conducted techno-commercial study to assess viability before the allotment of its captive coal blocks at Parbatpur and Sitanala, audit report no 18 of 2020 of Comptroller and Auditor General of India (C&AG) said today. These two blocks, which had to be subsequently surrendered, hence resulted in the amount spent on development of the same infructuous, examined the audit. The audit released today examined records of all captive mines of SAIL for the period 2014-19 to assess the management of captive mines and compliance with safety and environmental laws. The report pointed out that since the company’s iron ore production level, at Dalli, Rajhara and Barsua mines were lower than planned, it resulted in transfer of the key raw material from distantly located mines by the Bhilai Steel Plant and Rourkela Steel Plant leading to extra expenditure on freight differential.