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PSU stock jumps 4% after signing MoU worth ₹25,000 Cr with MAHAPREIT for housing projects

PSU stock inked ₹25,000 crore MoU with MAHAPREIT on March 26, 2025, marking its Maharashtra redevelopment debut, targeting infrastructure, EPC, and affordable housing initiatives.
PSU stock signed ₹25,000 Cr MoU with MAHAPREIT for Maharashtra projects.
PSU stock signed ₹25,000 Cr MoU with MAHAPREIT for Maharashtra projects.

Introduction:

PSU stock signed a strategic MoU worth ₹25,000 crore with MAHAPREIT on March 26, 2025, marking its Maharashtra redevelopment entry. The collaboration focuses on infrastructure, EPC, and housing projects aligned with India’s affordable housing and sustainable urban development goals.

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Share Price movement of NBCC (India):

On March 27, 2025, NBCC (India) Limited opened at ₹82.35, reaching a high of ₹84.69, up 4% from its previous close of ₹81.07, with a low of ₹82.22. The stock is currently trading at ₹83.12, with a market cap of ₹22,442.40 Crores.

NBCC (India) share price rise:

NBCC (India) Limited has entered into a strategic MoU with MAHAPREIT on 26th day of March 2025 for the mutual execution of consultancy, fee-based, EPC, redevelopment projects. This is the first redevelopment project of NBCC in Maharashtra after successful interventions in Delhi.

Collaboration will be on key infrastructure developments like Cluster Development in Thane, Data Centres, Renewable Energy projects, Slum Rehabilitation in MMR and PMAY housing which is valued at 25,000 crores and will be implemented in next three to five years.

This MoU is to harness the strengths of both the parties and to improve the client acquisition and service delivery. These activities would also be in consonance with the Government of India’s objectives of sustainable urban growth and affordable housing. The MoU falls under the normal activities of NBCC.

Also Read: Tata group stock falls over 6% after Trump imposed 25% tariffs on auto imports to US

Recent news About NBCC (India):

On March 19, 2025, NBCC successfully sold 1,046 residential units at Aspire Centurian Park, Greater Noida, through an e-auction, garnering approximately ₹2,353 crores.

Stock performance of NBCC (India) for Period of 1 week, 6 months and 1 year:

NBCC (India) stock recorded a negative return of -2.30% over the past week, followed by a significant decline of -31.4% in the last six months. However, on a positive note, the stock managed to deliver a 7.24% gain over the one-year period.

Also Read: Defence stock jumps after Min. of Defence signs contracts worth ₹6,900 Cr with the company and Tata for 307 indigenous artillery guns

Shareholding pattern of NBCC (India):

All values in %Dec-24Sep-24Jun-24
Promoters61.7561.7561.75
FII4.154.114.43
DII8.949.19.48
Retail & others25.1525.0324.34
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About NBCC (India):

NBCC (India) Limited (NSE: NBCC) is a Navratna PSU under the Ministry of Housing and Urban Affairs, specializing in project management, consultancy, and real estate development. It undertakes government infrastructure projects, including redevelopment, construction, and EPC services across various sectors in India and abroad.

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.

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