GR Logistics Park (Indore) Private Limited, a wholly owned subsidiary of GR Infraprojects Ltd. (GRIL), has signed a concession agreement with National Highway Logistics Management Ltd. (NHLML) for developing a Multi Modal Logistics Park (MMLP) in Indore, Madhya Pradesh. This project will be executed at an estimated cost of Rs. 758.10 crore.
Scope of work in this project includes the development, Operation and Maintenance (O&M) of the MMLP. This upcoming project will be carried out using Design, Build, Finance, Operate and Transfer (DBFOT) method.
A construction period of 2 years has been specified for this project. Further, the agreement involves O&M of the project for a period of 45 years, which includes the mentioned construction period.