Mumbai, March 25 -- The contract, valued at Rs 63.52 crore, has been awarded by Shree Infracon (SIPL) for the finishing work of the redevelopment project.

The project, originally awarded by Ahmedabad Municipal Corporation (AMC) to SIPL under the Slum Rehabilitation and Redevelopment Policy 2013 and Pradhan Mantri Awas Yojana (PMAY), aims to provide 1,694 residential flats for slum dwellers.

Nila Infrastructures will be responsible for both material and labor for the finishing work, with a completion timeline of 10 months. Additionally, the company will undertake seven years of operation and maintenance defect liability for all finishing work.

The company emphasized that this contract falls under its regular course of business and is no...