For executing interior works in a new corporate office in the national capital, state-owned NBCC (India) Ltd has bagged a Rs 70 crore project from Grid Controller of India.

NBCC said in a statement that it has inked a memorandum of understanding with Grid Controller of India Ltd (Grid-India) for execution of interior, fit outs and other associated infrastructural works for their new corporate office at Ayurvigyan Nagar, New Delhi.

"The tentative value of works to be executed under this MoU is approximately Rs 70 crore," it added.

The aforementioned MoU was signed by Alok Kumar, Senior General Manager, Grid-India and Mudit Bhatnagar, CGM (Engg), NBCC in the presence of S R Narasimhan, CMD, Grid-India; K P Mahadevaswamy, CMD, NBCC; B K Sokhey, Director (Finance), NBCC; Saleem Ahmad, Director (Projects), NBCC and other prominent officials across both organizations.

Grid-India, which is responsible for National Load Dispatch, previously had purchased this new office of around 61,000 square feet from NBCC at approximately Rs 270 crore and has now entrusted NBCC for furnishing its office as well. If we speak of NBCC, the entity is into project management consultancy (PMC) and real estate business.