Market Performance
NBCC India’s share price rose by 3.32% on Thursday, March 27, reaching ₹84.50 per share on the National Stock Exchange (NSE). Over the past month, the stock has increased by approximately 10% despite fluctuations in the broader market.
NBCC - MAHAPREIT MoU Details
NBCC India has formalized a Memorandum of Understanding with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd . This agreement focuses on collaborating for infrastructure projects valued at ₹25,000 crore in Maharashtra.
The partnership will encompass multiple project types, including:
- Consultancy and fee-based services
- Engineering, Procurement, and Construction (EPC)
- Redevelopment projects
The scope of these projects ranges from the initial concept phase to final commissioning.
Project Scope and Objectives
Under the agreement, NBCC and MAHAPREIT will work on diverse infrastructure initiatives in Maharashtra, including:
- Cluster development in Thane Municipal Corporation
- Construction of data centres
- Renewable energy projects
- Slum rehabilitation in the Mumbai Metropolitan Region (MMR)
- Residential developments under the Pradhan Mantri Awas Yojana (PMAY)
The projects are set to be executed in phases over the next three to five years. They will focus on sustainable urban development and affordable housing, which are aligned with the Government of India’s objectives.
Summary
NBCC India’s share price rose following announcing its partnership with MAHAPREIT for infrastructure development in Maharashtra. This collaboration involves projects worth ₹25,000 crore across multiple sectors, reinforcing NBCC’s commitment to large-scale urban development initiatives. The phased execution plan aims to enhance the region’s infrastructure while aligning with national housing and renewable energy goals.
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