NBCC India Ltd signs MoU with MTNL to develop land parcel in New Delhi

A Memorandum of Understanding (MoU) has been signed between NBCC (India) Limited and Mahanagar Telephone Nigam Limited (MTNL) on September 11, 2024 to collaborate to develop a prominent Land Parcel of MTNL measuring approximately 13.88 acres located on Pankha Road, New Delhi.

This project aims to transform the land into a state of the art residential/commercial space, leveraging the expertise and resources of both organizations.

The Project is valued at Rs. 1,600.00 Crores approximately.

Shares of Mahanagar Telephone Nigam Limited was last trading in BSE at Rs. 53.79 as compared to the previous close of Rs. 56.12. The total number of shares traded during the day was 755299 in over 6137 trades.

The stock hit an intraday high of Rs. 56.53 and intraday low of 53.35. The net turnover during the day was Rs. 41191754.00.

Shares of NBCC (India) Limited was last trading in BSE at Rs. 175.75 as compared to the previous close of Rs. 180.45. The total number of shares traded during the day was 935435 in over 12139 trades.

The stock hit an intraday high of Rs. 180.90 and intraday low of 174.70. The net turnover during the day was Rs. 166129699.00.

Source : Equity Bulls

Keywords

MahanagarTelephoneNigam INE153A01019 MTNL MoU NBCCIndia INE095N01031 LandParcel Development NewDelhi