Bhagyanagar Metals bagged an order
valued at Rs.384 crore from Andhra Pradesh Housing Board (APHB) for the
construction of an integrated township at Vepagunta in Visakhapatnam district.
The township to be spread over an area
of 52 acres of land allotted by APHB will be developed in partnership with
Salapuria Group of Bangalore.
It may be recalled APHB in October
2005 had invited invited request for proposals from prospective bidders for the
development of the integrated township projects at Vepagunta (52 acres) and
Madhurawada (85 acres). While Bhagyanagar Metals has been awarded the Vepagunta
project, details on the Madhurawada project are awaited.
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