The project involves procurement, fabrication and laying of clear water main from Vajarahalli to HRB on the east of Bangalore, Gammon India said in a filing with the Bombay Stock Exchange.
The contract has been awarded by the Bangalore Water Supply and Sewerage Board.
Gammon is the lead partner with 51 per cent controlling interest in the joint venture, which has been entrusted with the project, it said.
Gammon India is involved in the development of infrastructure projects on public private partnership (PPP) basis through its subsidiaries.
The company has18 projects in the roads, bridges, ports, hydroelectric power and biomass power sectors.
Shares of Gammon India closed at Rs 238.85, up 1.79 per cent from the previous close on the BSE.