Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
Shares of Housing and Urban Development Corp added 0.98% to Rs 231.29 on the BSE.
Under the terms of the MoU, NBCC will undertake four key infrastructure and development projects across different cities. These include the development of a commercial plot in Kaushambi, Ghaziabad (Rs 23.08 crore), the development of a HUDCO-owned plot in Panchkula, Haryana (Rs 26.92 crore), the construction of additional blocks at HUDCO’s regional office in Ahmedabad, Gujarat (Rs 63.36 crore), and the reconstruction of flats at the Asian Games Village Complex in New Delhi (Rs 3.65 crore).
The total estimated value of the awarded projects stands at Rs 117 crore. The initiative aims to enhance urban infrastructure and effectively utilize HUDCO’s real estate assets in prime urban locations.
NBCC (India) is in business and operates in three major segments, namely project management consultancy, real estate, and engineering procurement & construction.
Housing & Urban Development Corporation (HUDCO) is primarily engaged in the business of financing housing and urban development activities in the country.
Shares of NBCC (India) added 0.73% to Rs 111.64 on the BSE.
NBCC, appointed as the exclusive Executing Agency, will lead the transformation of a 95-acre prime land parcel. The scope of work includes master planning, architectural design, engineering, construction, and international-standard marketing.
The project will feature the Rajasthan Mandapam Convention Centre, Unity Mall, and various commercial and cultural infrastructure components, positioning Jaipur as a premier destination for global conventions and retail innovation.
RIICO will provide NBCC with an initial interest-free advance of Rs 50 crore. NBCC will mobilize the remaining funds through the sale and lease of built-up spaces and planned plots, while also leveraging public financial institutions as needed to ensure uninterrupted execution.
The project’s investments, including government financial support up to Rs 635 crore for the Rajasthan Mandapam, reflect the commitment to timely, transparent and accountable completion. A joint Empowered Committee will monitor progress, designs and milestones, ensuring rigorous oversight and quality.
The project is targeted for completion within 30 months upon receipt of statutory and internal approval.
The company's consolidated net profit advanced 26.3% to Rs 132.13 crore on a 11.6% rise in revenue from operations to Rs 2,391.19 crore in Q1 FY26 over Q1 FY25.
The counter added 0.01% to Rs 107.81 on the BSE.
NBCC (India) has signed a Memorandum of Understanding with Rajasthan State Industrial Development & Investment Corporation (RIICO) for the development of the prestigious Rajasthan Mandapam and allied infrastructure projects near Jaipur International Airport, Tonk Road, Jaipur. The project, valued at approximately Rs. 3,700 crore, marks a major milestone in the partnership between the Government of India and the Government of Rajasthan.
NBCC (India) Limited, 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. The project will feature the Rajasthan Mandapam Convention Center, Unity Mall and associated commercial and cultural infrastructure, positioning Jaipur as a premier destination for global conventions and retail innovation.
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. NBCC will implement a robust, self-financing model and leverage public financial institutions when required for uninterrupted work.
The project's investments, including government financial support up to Rs. 635 crore for the Rajasthan Mandapam, reflect the commitment to timely, transparent and accountable completion. A joint Empowered Committee will monitor progress, designs and milestones, ensuring rigorous oversight and quality.