NBCC (India) Limited , a prominent player in the construction and infrastructure sector, has taken a significant step towards urban development by signing a Memorandum of Understanding (MoU) with the Nagpur Metropolitan Region Development Authority (NMRDA) for the ambitious Naveen Nagpur business district project.

Project Overview

The MoU outlines NBCC's role as the Project Management Consultant for the development of a sprawling 1,710-acre (692 hectares) area in Naveen Nagpur. The project is designed to establish a new business and finance hub, with 1,000 acres dedicated to the business district and an additional 710 acres reserved for future expansion.

Key Features

The Naveen Nagpur development is set to incorporate cutting-edge infrastructure:

• Integrated underground utility tunnels
• District cooling system
• Automated waste collection and segregation plant

The project will focus on creating a diverse ecosystem of commercial establishments, including:

• Spaces for start-ups and MSMEs
• IT company facilities
• Commercial offices
• Residential and mixed-use developments

Strategic Approach

NBCC plans to develop the project on a plug-and-play model, rolling it out in phases over the coming years. This phased approach is designed to ensure sustainable growth and adaptability to market needs.

Official Signing Ceremony

The MoU was formally signed by:

• K. P Mahadevaswamy, Chairman and Managing Director of NBCC
• Sanjay Meena, IAS, Metropolitan Commissioner of NMRDA

The signing ceremony was attended by the Maharashtra Chief Minister Devendra Fadnavis, along with other distinguished officials from both organizations.

Implications for NBCC and Nagpur

This project marks a significant milestone for NBCC, potentially boosting its project portfolio and reinforcing its position in the urban development sector. For Nagpur, the initiative aims to transform the region into a planned Business and Finance Centre, potentially attracting investments and fostering economic growth.

Corporate Update

In a separate announcement, NBCC informed that Shri Manas Kaviraj, previously serving as Senior Executive Director (HRM), has been relieved from his duties at NBCC. Kaviraj has been appointed to the post of Director (Human Resources) at Advanced Weapons & Equipment India Limited, Kanpur.

As NBCC embarks on this transformative project, stakeholders will be keenly watching its progress and its potential impact on both the company's growth trajectory and the urban landscape of Nagpur.

NBCC (India) Limited , a Navratna CPSE under the Ministry of Housing and Urban Affairs, has reported strong financial results for the first quarter of FY 2025-26, showcasing significant growth and an optimistic outlook for the future.

Financial Highlights

NBCC reported a consolidated revenue of ₹2,391.00 crores in Q1 FY26, marking a 12% year-on-year growth. The company's standalone profit after tax (PAT) saw an impressive 32% increase to ₹114.00 crores, while consolidated PAT rose by 26% to ₹135.00 crores.

Order Book and New Projects

The company maintains a robust consolidated order book of ₹1,20,000.00 crores. During Q1, NBCC secured new projects worth ₹1,447.00 crores, including:

• Permanent Campus of JNV in various districts (₹518.00 crores)
• Redevelopment Projects of MDA, Meerut (₹297.00 crores)
• UCO Bank Head Office in New Town, Kolkata (₹172.00 crores)
• Central University of Haryana, Mahendergarh (₹167.00 crores)
• Interior works at World Trade Center, New Delhi (₹162.00 crores)
• Township Project by NEEPCO in Shillong, Meghalaya (₹131.00 crores)

Additionally, NBCC's subsidiary HSCL secured two new government medical college and hospital projects in Parbhani and Sangali, Maharashtra.

Key Project Updates

• GPRA Netaji Nagar project: The first phase, valued at ₹1,450.00 crores, is 85% complete.
• Sarojini Nagar: Work is progressing on nine packages, with three more projects recently starting, bringing the total running project value to ₹8,000.00 crores.
• Amrapali project: In Phase I, 19 out of 24 projects have been completed, with 28,000 units delivered. An additional 7,000 units are expected to be completed in the next quarter.

Strategic Partnerships

NBCC has signed several Memorandums of Understanding (MoUs) to expand its project portfolio:

1. With RailTel: To develop data center projects in India and overseas over five years.
2. With National Film Development Corporation (NFDC): For redevelopment of the iconic Siri Fort Auditorium complex in New Delhi.
3. With Department of Posts: To redevelop prime government land parcels across India into self-sustainable commercial and residential projects.

Future Outlook

NBCC has set ambitious targets for the coming years:

• FY26 revenue target: ₹14,000.00-15,000.00 crores
• FY27 projected revenue: ₹18,000.00-19,000.00 crores
• FY28 projected revenue: ₹25,000.00 crores

The company aims to increase its order book to over ₹2,00,000.00 crores within 2-3 years, targeting EBITDA margins of 8-9% and PAT margins of 7-8% by FY28.

Management Commentary

K. P. Mahadevaswamy, Chairman & Managing Director of NBCC, expressed confidence in the company's growth trajectory, stating, "We are focusing on redevelopment projects with various state governments and PSUs, which have huge land parcels. These projects, along with our existing order book, will drive our growth in the coming years."

The management also highlighted ongoing discussions with several state governments, including Rajasthan, Chhattisgarh, and Jharkhand, for potential redevelopment projects.

As NBCC continues to expand its project portfolio and improve operational efficiency, the company appears well-positioned to achieve its ambitious growth targets and maintain its status as a key player in India's infrastructure development sector.