Dalal Street Investments

DMRC accepts Omaxe tender

August 31, 2007

Omaxe has announced that tender offer of the company to the tender floated by Delhi Metro Rail Corporation (DMRC) for commercial development of chawri bazar metro station, has been accepted by DMRC.

The tender offer comprises of the company’s quoted amount of Rs 25,51,001 per quarter for 1529 sq mtr for the work of commercial development of chawri bazar metro station. The license period is for 12 years from the date of handover of the site by DMRC. The total contract amount for 12 years is Rs 18,43,25,280.40 considering 20% increase on compounding basis after competition of every three years.


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