Koraput: Hindustan Aeronautics Limited (HAL) is to spend Rs 7 crore for the renovation of the historic Jagannath Sagar in Jeypore of Koraput district.
A memorandum of understanding (MoU) in this regard was signed between HAL and Koraput district administration on Saturday.
As per the MoU, HAL will provide Rs 7 crore in three phases from its CSR funds for the purpose. It will spend Rs 1 crore in the first year and Rs 6 crore in the next two years. Jeypore municipality will implement the development project by floating tenders.
Chief Secretary Suresh Chandra Mohapatra had visited the Jagannath Sagar recently and directed the administration for further development.
