NBCC India Limited executes MoU with Rashtriya Ispat Nigam Ltd

NBCC has executed a MoU with Rashtriya Ispat Nigam Limited (RINL) for redevelopment and monetization of 22.19 acres of Land Parcels at Maddilapalem, Visakhapatnam on 26.02.2021 on self sustainable model.

NBCC shall be paid Project Management Consultancy (PMC) fee @7% of the estimated/approved project cost or actual project cost (whichever is lower).

NBCC shall also be paid Project Marketing fee @1% of actual sale proceeds on account of expenditure towards appointment of real estate consultant, publicity, marketing, sale etc of commercial and residential spaces.

The value of the project shall be ascertained after preparation & finalization of Detailed Project Report (DPR).

Shares of NBCC (India) Ltd was last trading in BSE at Rs.51.95 as compared to the previous close of Rs. 50.4. The total number of shares traded during the day was 4030138 in over 17155 trades.

The stock hit an intraday high of Rs. 52.8 and intraday low of 48.55. The net turnover during the day was Rs. 205619558.

Source : Equity Bulls

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