New Delhi: NBCC has secured a contract worth Rs 958 crore to build 2000 Social Housing Units in Hulhumalé, Maldives. The loan agreement between Maldives' Fahi Dhiriulhun Corporation Limited (FDC) & Exim Bank of India for the project has been signed on Thursday, September 23. "It is worth highlighting that this prestigious project is the biggest ever overseas work secured by NBCC", the Navratna PSU said in an official statement released Friday.

"The 2000 social housing units will comprise of 1400 numbers of 3-BHK & 600 numbers of 2-BHK flats respectively which is to be built at a total project cost of USD 130 million in 900 days", the NBCC statement added.

The project sprawls over 7.2 acres of land area across 7 plots, NBCC said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)