NBCC Expands Portfolio with ₹45.30 Crore Contract and Strategic MOUs
NBCC (India) Limited has secured a ₹45.30 crore contract to develop a modern institutional campus for Madhya Pradesh Gramin Bank in Indore. The project includes constructing the bank's Head Office, Training Centre with hostel facilities, and Executive Quarters. Additionally, NBCC signed MOUs with MPGB for this project and with the Department of Post for developing various land parcels across India. These agreements align with NBCC's strategy to expand its institutional project portfolio and strengthen its presence in infrastructure development, particularly in Tier-II cities.

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NBCC (India) Limited , a prominent player in the construction and infrastructure sector, has recently made significant strides in expanding its project portfolio through new contracts and strategic partnerships.
New Construction Contract Secured
NBCC has secured a new construction contract worth ₹45.30 crore, excluding GST. This contract involves the development of a modern institutional campus for Madhya Pradesh Gramin Bank (MPGB) in Indore, Madhya Pradesh. The project, to be executed on a deposit work basis, includes the construction of:
- MPGB's Head Office
- Training Centre with hostel facilities
- Executive Quarters
This development aligns with NBCC's focus on expanding its institutional project portfolio and contributing to infrastructure growth in Tier-II cities.
Strategic Memorandums of Understanding
In addition to the MPGB contract, NBCC has signed two significant Memorandums of Understanding (MOUs):
1. MOU with Madhya Pradesh Gramin Bank
Aspect | Details |
---|---|
Purpose | Development of a modern institutional campus in Indore |
Project Value | Approximately ₹45.30 crore (excluding GST) |
Scope | Construction of Head Office, Training Centre, and Executive Quarters |
2. MOU with Department of Post, Government of India
Aspect | Details |
---|---|
Purpose | Development of various land parcels across India |
Model | Self-sustainable redevelopment |
NBCC's Role | Project Management and Marketing Consultant for optimum monetization |
Project Values | To be determined on a case-by-case basis |
Implications for NBCC
These new agreements are part of NBCC's normal course of business and reflect the company's strategy to:
- Expand its institutional project portfolio
- Strengthen its presence in infrastructure development
- Contribute to the growth of Tier-II cities
- Optimize land utilization through strategic partnerships
The collaboration with Madhya Pradesh Gramin Bank is particularly noteworthy as it aims to strengthen institutional infrastructure and promote financial inclusion in rural and semi-urban India.
Project Execution and Timeline
While specific timelines for project completion have not been disclosed, NBCC's track record suggests a commitment to timely and efficient project delivery. The company will leverage its expertise in project management and construction to ensure the successful execution of these new ventures.
Conclusion
These recent developments underscore NBCC's continued growth and its pivotal role in India's infrastructure development landscape. By securing diverse projects and forming strategic partnerships, NBCC is well-positioned to contribute significantly to the nation's urban and rural development initiatives.
Historical Stock Returns for NBCC
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.85% | -1.82% | -12.95% | +12.51% | -10.36% | +608.92% |