Mumbai, Sept. 12 -- The contract, valued at approximately Rs 125.34 crore, has been awarded under the design, build, operate and transfer (DBOT) model for the development of a 47 million litres per day (MLD) water treatment plant at Surapet, Chennai. The project includes a construction period of 21 months, followed by a 10-year operation and maintenance (O&M) commitment.

The total contract value comprises Rs 74.75 crore allocated for construction and Rs 50.59 crore for long-term O&M services. The contract is structured with performance securities, pricing as per Tamil Nadu Tender Rules, and provisions for price variation. No additional costs will be entertained for technical modifications, in line with tender conditions.

The project has...