NBCC (India) Limited has signed a strategic Memorandum of Understanding (MoU) with Mumbai Port Authority on December 23, 2025, marking a significant business development for the Navratna CPSE. The agreement positions NBCC as the executing agency for a comprehensive infrastructure development project at Mumbai Port's land.

Project Scope and Financial Terms

The MoU outlines the following key details:

Comprehensive Infrastructure Development

The project encompasses multiple infrastructure components that NBCC will handle through planning, designing, execution, and supervision. The scope includes:

• CGO Complex development
• Iconic building construction
• Multilevel car parking facility
• International Convention Centre
• Maintenance of existing buildings, sheds, wharfs, storage areas, and roads

Business Impact

The MoU represents a deposit work arrangement on a turnkey basis, with NBCC serving as the Project Management Consultant for the CGO Complex development. The company has indicated that this agreement falls within the normal course of its business operations, aligning with its core competencies in project management consultancy and execution.

Corporate Disclosure

NBCC has fulfilled its regulatory obligations by informing both the National Stock Exchange of India Limited and BSE Limited about this business development under Regulation 30. The company has also made the information available on its official website for stakeholder access and transparency.

NBCC (India) Ltd has announced a significant expansion into international markets with the acquisition of land in Dubai for AED 15 million. This strategic move marks the company's entry into international real estate activities, representing a notable diversification from its domestic operations.

Strategic International Expansion

The land acquisition has been executed through NBCC's wholly owned subsidiary, demonstrating the company's structured approach to international expansion. This development positions NBCC to capitalize on opportunities in the Dubai real estate market, one of the most dynamic property markets in the Middle East.

Investment Details

The key parameters of this international venture are outlined below:

Market Expansion Strategy

This acquisition represents NBCC's first major step into international real estate development, expanding beyond its traditional Indian market presence. The Dubai market offers potential for real estate development, with the emirate continuing to attract global investment in its property sector.

The use of a wholly owned subsidiary for this acquisition suggests a planned corporate structure that will allow NBCC to manage its international operations while maintaining operational flexibility in the new market.