NBCC share price gained in the early trade on September 12 on winning infrastructure development projects near Jaipur International Airport.
At 09:19 hrs NBCC (India) was quoting at Rs 108.96, up Rs 1.16, or 1.08 percent, on the BSE.
".... has signed a Memorandum of Understanding with Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) for the development of the prestigious Rajasthan Mandapam and allied infrastructure projects near Jaipur International Airport, Tonk Road, Jaipur," company said in its press release.
The project valued at approximately Rs 3,700 crore and targeted completion within 30 months upon receipt of statutory and internal approval.
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The company appointed as the exclusive executing agency, will lead the transformation of a 95-acre prime land parcel through master planning, architectural design, engineering, construction and international-standard marketing.
RIICO will provide NBCC an initial interest-free advance of Rs 50 crore, while NBCC will mobilize the remaining funds through the sale and lease of built-up spaces and planned plots.
On September 9, Memorandum of Understanding (MoU) was signed between NBCC (India) and the Nagpur Metropolitan Region Development Authority (NMRDA) for the development of Naveen Nagpur, covering an area of around 1,710 acres.
The share touched a 52-week high of Rs 130.60 and a 52-week low of Rs 70.82 on 09 June, 2025 and 03 March, 2025, respectively.
Currently, the stock is trading 16.57 percent below its 52-week high and 53.85 percent above its 52-week low.
The market capitalisation of the company stands at Rs 29,419.20 crore.
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