NBCC Inks Strategic MoU with MAHAPREIT for ₹25,000 Crore Infrastructure Projects in Maharashtra

1 min read   |   Updated on 27 Mar 2025, 07:42 AM
scanxBy ScanX News Team
whatsapptwittershare
Overview

NBCC has signed a strategic MoU with MAHAPREIT to undertake infrastructure projects worth ₹25,000 crore in Maharashtra over the next 3-5 years. The partnership focuses on consultancy, EPC, and redevelopment projects, including cluster development, data centres, renewable energy, slum rehabilitation, and affordable housing initiatives. This marks NBCC's first venture into redevelopment projects in Maharashtra, with a special emphasis on the Mumbai Metropolitan Region.

4587161

*this image is generated using AI for illustrative purposes only.

National Buildings Construction Corporation (NBCC) has taken a significant step towards expanding its footprint in Maharashtra by signing a strategic Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT). The collaboration, announced on March 26, 2025, aims to undertake a wide range of infrastructure projects valued at approximately ₹25,000.00 crore.

Key Highlights of the Partnership

  • Project Scope: The MoU covers consultancy, fee-based, EPC (Engineering, Procurement, and Construction), and redevelopment projects.
  • Estimated Value: Projects worth ₹25,000.00 crore to be executed over the next 3-5 years.
  • Geographic Focus: Maharashtra, with a special emphasis on the Mumbai Metropolitan Region (MMR).

Diverse Project Portfolio

The collaboration between NBCC and MAHAPREIT will focus on several key areas:

  1. Cluster development projects in Thane Municipal Corporation
  2. Data centres
  3. Renewable energy initiatives
  4. Slum rehabilitation projects in the MMR
  5. Residential projects under the Pradhan Mantri Awas Yojana (PMAY)

Strategic Importance

This partnership marks NBCC's first venture into redevelopment projects in Maharashtra, following its successful track record in transforming Delhi's landscape through similar initiatives. The collaboration aims to leverage the strengths of both organizations to enhance long-term client acquisition and service delivery capabilities.

Alignment with Government Initiatives

The projects undertaken through this MoU are expected to contribute significantly to sustainable urban development and affordable housing, aligning with the Government of India's vision for infrastructure growth.

Company Statement

NBCC has stated that this MoU is part of the normal course of business for the company. The official announcement, made available on the company's website, underscores the strategic importance of this partnership in NBCC's expansion plans.

Conclusion

As NBCC embarks on this new venture in Maharashtra, the infrastructure sector will be watching closely to see how this collaboration unfolds and impacts the urban landscape of the state, particularly in the Mumbai Metropolitan Region. The success of this partnership could set a precedent for future large-scale infrastructure developments in other parts of India.

Historical Stock Returns for NBCC

1 Day5 Days1 Month6 Months1 Year5 Years
+2.71%+10.44%+26.28%-10.79%+18.37%+498.90%

NBCC Inks ₹25,000 Crore MoU with MAHAPREIT for Maharashtra Infrastructure Projects

1 min read   |   Updated on 26 Mar 2025, 07:47 PM
scanxBy ScanX News Team
whatsapptwittershare
Overview

NBCC (India) Limited has signed a Memorandum of Understanding with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) to undertake various infrastructure projects in Maharashtra. The partnership, valued at ₹25,000 crore, includes cluster development in Thane, data centres, renewable energy initiatives, slum rehabilitation in Mumbai, and PMAY residential projects. This marks NBCC's entry into Maharashtra's redevelopment sector, with projects to be executed over 3-5 years.

4544284

*this image is generated using AI for illustrative purposes only.

NBCC (India) Limited , a prominent player in the construction and infrastructure sector, has taken a significant step towards expanding its footprint in Maharashtra. The company recently signed a strategic Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT), marking its entry into redevelopment projects in the state.

Strategic Partnership

The MoU, signed on March 26, 2025, outlines a collaboration between NBCC and MAHAPREIT to jointly undertake a wide range of projects. These include consultancy, fee-based, EPC (Engineering, Procurement, and Construction), and redevelopment initiatives, covering the entire spectrum from concept to commissioning.

Project Portfolio

The partnership encompasses several key infrastructure projects in Maharashtra:

  • Cluster development projects in Thane Municipal Corporation
  • Data centres
  • Renewable energy initiatives
  • Slum rehabilitation projects in the Mumbai Metropolitan Region (MMR)
  • Residential projects under the Pradhan Mantri Awas Yojana (PMAY)

Financial Implications

The estimated value of these projects is ₹25,000.00 crore (₹250.00 billion), showcasing the significant scale of this collaboration. These projects are set to be executed in a phased manner over the next three to five years.

Objectives and Impact

This strategic partnership aims to:

  1. Leverage the strengths of both NBCC and MAHAPREIT
  2. Enhance long-term client acquisition
  3. Improve service delivery capabilities
  4. Contribute to sustainable urban development
  5. Support affordable housing initiatives in line with the Government of India's vision

NBCC's Expansion Strategy

For NBCC, this MoU represents a significant milestone as it marks the company's first foray into redevelopment projects in Maharashtra. The company plans to replicate its successful redevelopment model, which has previously transformed the landscape of Delhi.

Execution Timeline

The projects outlined in the MoU are expected to be implemented over a period of three to five years, indicating a long-term commitment to Maharashtra's infrastructure development.

Conclusion

This collaboration between NBCC and MAHAPREIT signifies a major step towards addressing Maharashtra's infrastructure needs. By combining their expertise and resources, the two entities are poised to make substantial contributions to urban development, renewable energy, and affordable housing in the state.

Historical Stock Returns for NBCC

1 Day5 Days1 Month6 Months1 Year5 Years
+2.71%+10.44%+26.28%-10.79%+18.37%+498.90%
More News on NBCC
Explore Other Articles
Havells India Sets Date for Q4 and FY25 Results, Dividend Announcement1 hour ago
Reliance Industries to Announce Q4 Results, Consider Dividend and Fundraising on April 252 hours ago
BHEL Reports 19% Revenue Surge and Record Order Inflows in FY 2024-253 hours ago
YES Bank Reports 63.3% Surge in Q4 Profit, Asset Quality Improves3 hours ago
Asian Energy Services Expands Global Footprint with $9.25 Million Acquisition of Kuiper Group22 hours ago
IRIS Business Services Secures Role in Qatar Central Bank's Regulatory Tech Project22 hours ago
98.40
+2.60
(+2.71%)