NBCC India Ltd and Mumbai Port Authority sign MoU

Mumbai Port Trust vide there letter dated November 26, 2025, accorded in principal approval to engage NBCC as executing agency on Agency Charge @ 7% of the project cost (excluding GST) for Planning, Designing, Execution and Supervision of (i) CGO Complex, (ii) Iconic building, (iii) Multi level car parking, (iv) International Convention Centre and (v) Maintenance of buildings, sheds, wharfs. storage area, roads etc.

In this regard, a Memorandum of Understanding (MoU) was signed between NBCC (India) Limited and the Board of Mumbai Port Authority on December 23, 2025, for the development of CGO Complex on 25 acres at Mumbai Port's land, as deposit work on turnkey basis. NBCC will serve as the Project Management Consultant for the said works.

Shares of NBCC (India) Limited was last trading in BSE at Rs. 116.15 as compared to the previous close of Rs. 116.25. The total number of shares traded during the day was 185444 in over 1549 trades.

The stock hit an intraday high of Rs. 117.35 and intraday low of 115.45. The net turnover during the day was Rs. 21618729.00.

Source : Equity Bulls

Keywords

NBCCIndia INE095N01031 MoU MumbaiPortAuthority