Don’t miss the latest developments in business and finance.

MP govt okays land allotment for DRDO centre in Morena dist

Image
Press Trust of India Bhopal
Last Updated : Jan 30 2017 | 5:28 PM IST
Madhya Pradesh cabinet has given its nod to the proposal of land allotment for the Defence Research and Development Organisation (DRDO) for developing its centre in Morena district.
"State cabinet has approved the proposal to allot 334-hectare land to DRDO in Morena district," Finance Minister Jayant Malaiya told reporters after attending the cabinet meeting.
He said the land worth Rs 46.81 crore will be allotted to DRDO at a lease rent of Rs one lakh per year.
The proposed DRDO centre would come up at Badhareta village under Kailaras tehsil, about 365 kms from state capital.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Jan 30 2017 | 5:28 PM IST

Next Story