Introduction:
Navratna stock signed an MoU to manage the mixed land-use development of Poorvi Vihar, Lucknow, spanning 588 acres. It will execute Phase 1, valued at ₹3,500 crores, showcasing its expertise in large-scale infrastructure projects.
Share Price movement of NBCC (India):
On January 13, 2025, NBCC (India) Ltd opened at ₹81.12, down 6.12% from its previous close of ₹84.49. The stock hit a high of ₹84.15 and a low of ₹79.18. By midday, it traded at ₹79.32, with a market cap of ₹21,416.40 crore.
NBCC (India) new MoU:
NBCC (India) Limited signed an MoU with Sarkari Awas Nirman Avam Vitt Nigam Ltd for managing the mixed land-use development of Poorvi Vihar, Lucknow, covering 588 acres. NBCC will act as the Project Management Consultant for the project.
As part of the agreement, NBCC will plan, design, and develop an encumbrance-free site of 50 acres in Phase 1, valued at approximately ₹3,500 crores. The project will be executed on a “deposit work” basis, with NBCC earning 10% agency charges plus applicable taxes.
The work under the MoU aligns with NBCC’s routine operations, showcasing its expertise in large-scale project management and infrastructure development while reinforcing its commitment to delivering quality projects in partnership with government agencies.
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Recent news About NBCC (India) :
On December 27, 2024, NBCC (India) Ltd announced securing projects worth ₹368.75 crore, including construction at IIT Roorkee, Vishram Sadan at AIIMS Gorakhpur, and a commercial complex in Varanasi. This highlights NBCC’s expanding infrastructure portfolio.
Stock performance of NBCC (India) for Period of 1 week, 6 months and 1 year:
Over the past week, NBCC (India) stock declined by 3.82%. In six months, it saw a steep fall of 31.7%. However, over the past year, the stock demonstrated resilience, delivering a strong return of 38.7%.
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Shareholding pattern of NBCC (India):
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 61.75 | 61.75 | 61.75 |
| FII | 4.11 | 4.43 | 4.33 |
| DII | 9.1 | 9.48 | 9.95 |
| Retail & others | 25.03 | 24.34 | 23.97 |
About NBCC (India) Ltd:
NBCC (India) Ltd is a Navratna company under the Ministry of Housing and Urban Affairs. It specializes in project management consultancy, engineering, and real estate development, contributing to India’s infrastructure growth through large-scale construction and redevelopment projects.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
