Bhubaneswar: The Odisha cabinet today formally put a seal on Tata Projects Limited's bid to construct the 100-seated medical college at Bhawanipatna in Odisha's Kalahandi district.

Tender for the construction work was floated with an estimated cost of Rs 202.39 crore in which three bidders-- NCC Limited, Shapoorji Pallorji and Company Private Limited and Tata Projects Limited-- were found technically qualified. Among the three, Tata Projects Limited stood lowest with a bid value of Rs 2,20,73,98,218, official sources said.

The construction work will be completed in two years of time without any price escalation, sources added.