NBCC (India) Ltd has announced a significant expansion into international markets with the acquisition of prime land in Dubai for AED 15 million (approximately ₹37.00 crore). 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, spanning 14,777 sq ft, has been executed through NBCC's wholly-owned subsidiary, NBCC Overseas Real Estate LLC, 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 may allow NBCC to manage its international operations while maintaining operational flexibility in the new market.

Future Development Plans

NBCC plans to develop a mixed-use project on the acquired land, further diversifying its portfolio and potentially tapping into various segments of the Dubai real estate market. This move could provide NBCC with valuable experience in international property development and potentially open doors for future global expansion opportunities.

Rail Vikas Nigam Limited has announced a significant leadership transition with the appointment of a new Chairman & Managing Director and the cessation of the incumbent from the top position.

Leadership Transition at RVNL

Shri Sukhmal Chand Jain (DIN: 07564584) ceased to hold the position of Chairman & Managing Director of the company effective December 23, 2025. Simultaneously, Shri Saleem Ahmad (DIN: 10119432), who was serving as Director (Projects) at NBCC (India) Ltd., has assumed charge as the new Chairman & Managing Director of Rail Vikas Nigam Limited from the same date.

New CMD Profile and Experience

Shri Saleem Ahmad brings over 35 years of extensive experience in the construction sector to his new role. He holds a degree in Civil Engineering from Jamia Millia Islamia University, New Delhi. His professional background encompasses the execution of large-scale infrastructure projects, with specialized expertise in bridges, tunnels, as well as residential and commercial developments.

Prior to joining NBCC, Ahmad served as Executive Director (Civil) at Delhi Metro Rail Corporation Ltd. and previously held a position at Mumbai Port Trust. Throughout his distinguished career, he has contributed significantly to sustainable infrastructure, presenting papers at national and international forums and playing a pivotal role in designing and implementing last-mile connectivity solutions during his tenure at DMRC.

Updated Board Composition

Following the leadership change, the current list of directors at Rail Vikas Nigam Limited includes:

Regulatory Compliance and Approvals

The appointment has been approved by the competent authority through the Ministry of Railways. The appointment letter specifies that Ahmad will serve in the scale of pay of Rs. 2,00,000-3,70,000/- (IDA) with effect from the date of his assumption of charge until his superannuation date of April 30, 2029, or until further orders, whichever is earlier.

The company has confirmed compliance with SEBI regulations, stating that the new CMD has not been debarred from holding the office of director by virtue of any SEBI order or any other authority. Ahmad is not related to any other director of the company and holds no equity shares in Rail Vikas Nigam Limited.

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper disclosure to stakeholders and stock exchanges.