NBCC India Ltd selected by RIICO for development of 95 acres

NBCC (India) Ltd. have been selected as the lead agency to design, build, and market the Rajasthan Mandapam Convention Centre, Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and new commercial and residential infrastructure on 95 acres of Rajasthan State Industrial Development & Investment Corporation (RIICO) land along the B2 Bypass, Tonk Road.

In this regard, the Government of Rajasthan has announced this transformative development project with its recent cabinet approval, with an overall estimated investment reaching approximately ₹3,700 crore.

The project's scope is ambitious and future-oriented, with plans for the Rajasthan Mandapam Convention Centre to be developed on approximately 25 acres land parcel. The planned Rajasthan Mandapam, with over 2 lakh sq. mtr. of built-up area, is envisioned as a 7000-7,500-seat world-class convention.

Shares of NBCC (India) Limited was last trading in BSE at Rs. 103.55 as compared to the previous close of Rs. 104.30. The total number of shares traded during the day was 833825 in over 2346 trades.

The stock hit an intraday high of Rs. 105.20 and intraday low of 103.45. The net turnover during the day was Rs. 86803735.00.

Source : Equity Bulls

Keywords

NBCCIndia INE095N01031 RIICO