NBCC has received revised cabinet approval from the Rajasthan Government for the Rajasthan Mandapam Convention Centre project, with the total project value increased to ₹5,800 crore from the earlier approved ₹3,700 crore. The company announced that it plans to float tenders for the project in April, marking the transition from planning to execution phase.

Project Value Revision

The Rajasthan State Industrial Development & Investment Corporation (RIICO) has granted the revised approval for the comprehensive infrastructure development project. This significant increase in project value reflects the expanded scale and comprehensive scope of the Rajasthan Mandapam and allied developments.

Comprehensive Development Plan

The ambitious project will be developed on more than 90 acres in Jaipur with a total built-up area of more than 94.53 lakh sq.ft. The master plan integrates multiple components including an iconic convention centre with built-up area of more than 9 lakh sq.ft., grand expo halls spanning around 7 lakh sq.ft., and Global Capability Centres & IT/ITES Office Spaces covering around 18 lakh sq.ft.

Key Infrastructure Components

The Rajasthan Mandapam Convention Centre will feature multiple auditoria with the grand Padam Mandap having a seating capacity of approximately 6,500 persons, along with Swarn, Tulsi, and Kadam Mandaps. Additional facilities include hotels, retail facilities & housing with built-up area of more than 10.76 lakh sq.ft., a Natural History Museum spanning more than 1.77 lakh sq.ft., and a Fintech plaza with built-up area close to 69 thousand sq.ft.

Project Execution and Timeline

NBCC will implement the project through a robust, self-financing model, ensuring financial sustainability while maintaining world-class standards of transparency and efficiency. The project emphasizes connectivity, sustainability, climate-responsive design, and pedestrian-friendly public realms, ensuring long-term urban resilience and liveability. The development also includes revitalization of the Dravyawati riverfront into a vibrant public space, integrating ecological restoration with cultural and recreational activities.

NBCC (India) Limited has received work orders worth approximately Rs 775.27 crore from Delhi Development Authority (DDA) in the ordinary course of business, marking a significant addition to the company's project portfolio. The contracts involve comprehensive redevelopment of DDA staff quarters at two strategic locations in New Delhi.

Contract Details and Financial Overview

The company has been awarded contracts for redeveloping staff quarters at two prime Delhi locations under project management consultancy arrangements.

Note: Values exclude GST and marketing fees to be determined later

Project Scope and Development Model

The redevelopment projects will operate under a self-sustainable financial model. Under this arrangement, a certain portion of the developed built-up area (BUA) will be sold in the market, with generated funds utilized for project development. The remaining BUA will be handed over to DDA for staff accommodation purposes.

The projects involve substantial construction scope with envisaged total built-up areas:

Note: Areas exclude external development and remain tentative

Implementation Framework

DDA has signed Memorandums of Understanding (MoUs) with NBCC for both redevelopment works. The projects aim to replace old and dilapidated staff quarters with modern residential facilities. The envisaged built-up areas remain tentative and will be finalized following detailed surveys and submission of Detailed Project Reports (DPR) for DDA approval.

Business Impact

These contracts represent work awarded in the ordinary course of business for NBCC. The domestic nature of both contracts strengthens the company's position in the government infrastructure development sector. The project management consultancy nature of these contracts aligns with NBCC's core competencies in managing large-scale redevelopment projects.

The contracts do not involve any related party transactions, and no promoter or group company interests are associated with the awarding entity. Both projects are classified as domestic contracts awarded by a domestic government entity, reinforcing NBCC's strong relationship with government organizations.