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NBCC (INDIA) LIMITED ( (IN:NBCC) ) just unveiled an announcement.
NBCC (India) Limited has signed a Memorandum of Understanding with the Board of Mumbai Port Authority under which NBCC will act as the executing agency and Project Management Consultant for a major development at Mumbai Port. Following in-principle approval from Mumbai Port Trust, NBCC has been engaged on an agency charge of 7% of project cost (excluding GST) to plan, design, execute and supervise a Central Government Offices (CGO) Complex on 25 acres of port land on a turnkey, deposit-work basis, along with associated facilities such as an iconic building, multi-level car parking, an international convention centre and maintenance of various port-related infrastructure; the company characterizes the MoU as part of its normal course of business, reinforcing its role in high-value government infrastructure projects.
More about NBCC (INDIA) LIMITED
NBCC (India) Limited is a government-owned construction and project management company operating primarily in the infrastructure and real estate sectors. It specializes in planning, designing, execution and supervision of large-scale government and public sector projects across India, often working as a turnkey developer and project management consultant for complex civic, commercial and institutional developments.
Average Trading Volume: 611,329
Technical Sentiment Signal: Strong Buy
Current Market Cap: 314B INR
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