NBCC India Ltd and NMRDA sign MoU

An Memorandum of Understanding (MoU) was signed between NBCC (India) Limited and the Nagpur Metropolitan Region Development Authority (NMRDA) on 08.09.2025 for the "Development of Naveen Nagpur." The MoU was signed by Shri K. P Mahadevaswamy, Chairman and Managing Director of NBCC, and Shri Sanjay Meena, IAS, Metropolitan Commissioner of NMRDA, in the esteemed presence of the Hon'ble Chief Minister of Maharashtra, Shri Devendra Fadnavis, and other distinguished dignitaries and officials from both organizations.

NBCC has been appointed as the Project Management Consultant for the newly envisioned business district of Naveen Nagpur, covering an area of around 1,710 acres (692 Ha). The business district will be spread across 1000 acres, and 710 acres will be reserved for future expansion. Naveen Nagpur will be developed on a plug-and-play model featuring state-of-the-art infrastructure such as integrated underground utility tunnels, a district cooling system, automated waste collection, and a segregation plant. The project will focus on building commercial establishments for start-ups, MSMEs, IT companies, and commercial offices, along with residential and mixed-use developments aligned with town planning guidelines. The project is set to roll out in phases over the years.

The MOU marks a landmark step in advancing Naveen Nagpur as a planned Business and Finance Centre (IBFC), laying a strong foundation for its strategic growth and development.

Shares of NBCC (India) Limited was last trading in BSE at Rs. 102.57 as compared to the previous close of Rs. 102.29. The total number of shares traded during the day was 468395 in over 4343 trades.

The stock hit an intraday high of Rs. 103.65 and intraday low of 101.60. The net turnover during the day was Rs. 48194735.00.

Source : Equity Bulls

Keywords

NBCCIndia INE095N01031 MoU NMRDA