MoU signed between Housing and Urban Development Corporation Limited and NBCC India Limited

Housing and Urban Development Corporation Limited (HUDCO) has signed a Memorandum of Understanding (MoU) with NBCC (India) Limited, on 27th November, 2024 at New Delhi for development of a land parcel of 10 acres, owned by HUDCO at NOIDA. HUDCO, on the said land, intends to create an Institutional complex with world class amenities which is likely to have 8.71 Lakh sq ft. of built-up area with a mix of office space, studio apartments, conference space and retail & common facilities. NBCC will undertake the execution of the said project with the scope of Concept-to-Commissioning.

The MoU was signed by Shri S Thangaraju, Executive Director (PD&S), HUDCO and Shri A. K. Goyal, Executive Director (Engg.), NBCC in presence of Shri Sanjay Kulshrestha, CMD, HUDCO and Shri K. P. Mahadevaswamy, CMD, NBCC along with other senior officials from both the organizations.

Shares of Housing & Urban Development Corporation Limited was last trading in BSE at Rs. 220.60 as compared to the previous close of Rs. 212.90. The total number of shares traded during the day was 797168 in over 15590 trades.

The stock hit an intraday high of Rs. 222.90 and intraday low of 211.00. The net turnover during the day was Rs. 174471880.00.

Shares of NBCC (India) Limited was last trading in BSE at Rs. 95.70 as compared to the previous close of Rs. 94.58. The total number of shares traded during the day was 928257 in over 7696 trades.

The stock hit an intraday high of Rs. 96.80 and intraday low of 93.39. The net turnover during the day was Rs. 88648361.00.

Source : Equity Bulls

Keywords

HousingandUrbanDevelopmentCorporation INE031A01017 HUDCO NBCCIndia INE095N01031 MOU LandParcel Development Noida