State Bank of India awards Rs 198 Crore construction contract in Pune
1 report, 1 independent
Updated Fri 00:00
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What happened
State Bank of India received a Letter of Acceptance for a construction project in Pune, Maharashtra. The contract, valued at Rs 198.00 Crore excluding taxes, involves building residential flats and commercial outfits. The work must be completed within 24 months.
From equitybulls.com
Why it matters
The contract represents a significant capital expenditure for the construction sector in Pune. The award of a large project by a major financial institution like State Bank of India indicates ongoing investment in real estate infrastructure.
From equitybulls.com
Who's involved
- State Bank of IndiaAwarding party for the construction contract
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The entities involved
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State Bank of India
Indian public sector bank and financial services organization