A2Z Infra says LOI issued to Consortium of A2Z Waste Management
A2Z Infra Engineering Ltd has announced that a Letter of Intent (LOI) has been issued to the Consortium of M/s. A2Z Waste Management Ludhiana Ltd.& M/s. A2Z Infraservices Ltd. (“a material subsidiary of the Company”) from South Delhi Municipal Corporation, New Delhi vide LOI dated October 27, 2016 for Integrated Collection & Transport of Municipal Solid Waste & Street Sweeping Waste in South and West Zones of SDMC (South Delhi Municipal Corporation).
The aggregate value of the Contract shall be approx. Rs. 400,00,00,000/- (INR Four Hundred Crores) calculating the collection and transportation charges for the aforesaid contract @ 1,739/- per MT for 787 MT (for evaluation of 2016) Municipal Solid Waste Management (MSW) and Street Sweeping waste for west zone for 8 (eight) years.
Further Price adjustment due to increase or decrease of rates in various components shall be as mentioned in the conditions of the said contact.