Minister Jaishankar laid foundation stone of MEA residential complex

The complex will be built at a cost of Rs. 261.70 crore.

Minister Jaishankar laid foundation stone of MEA residential complex

New Delhi: Shri Dr. S. Jaishankar, Minister of External Affairs, laid the foundation stone of the new MEA residential complex at KG Marg, New Delhi on September 5, 2023.

The complex will be built at a cost of Rs. 261.70 crore and is expected to be completed in three years.

Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY

Smt. B.K. Sokhey, Director (Finance), NBCC  & Shri Rajendra Chaudhari, Sr. ED (Coord), NBCC were also present.

Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits

Background

In August 2022, NBCC had signed a Memorandum of Understanding with the ministry for redevelopment of MEA housing complex (Old) at Kasturba Gandhi Marg for a tentative cost of Rs 175 crore.

NBCC inked an MoU with Currency Note Press (CNP) under Security Printing and Minting Corporation of India Ltd (SPMCIL), Maharashtra for planning, designing and execution of upcoming works such as state of art museum, infrastructure development works like treatment plants etc at CNP, Nashik.

Read Also : India assumes the Chair of Asian Disaster Preparedness Centre