NBCC (India) Limited saw its share price rise by nearly 4% today, reaching ₹91.40, following the announcement of major redevelopment projects in Goa. The state-owned construction and redevelopment company has secured contracts worth approximately ₹1,726 crore from the Government of Goa. This significant development marks the commencement of Phase-I of a comprehensive redevelopment plan aimed at upgrading several key infrastructure projects across the state.
The awarded projects cover a wide array of critical works in and around Panjim, Goa’s capital city. The scope of the redevelopment includes the following key projects:
- Redevelopment of Junta House, 18th June Road, Panjim
- Redevelopment of Govt. Garage, MG Road, Panjim
- Construction of Administrative Building at Porvorim
- Redevelopment of Circuit House, Panjim
- Redevelopment of Govt. Quarters, St. Inez
- Redevelopment of Mini Convention Centre at Tiswadi, Patto
These projects are expected to enhance the overall infrastructure and services in Goa, boosting NBCC’s portfolio and reinforcing its standing as a leader in government construction and redevelopment projects.
As of 12:26 pm, NBCC India shares were trading 3.97% higher at ₹91.40 on the National Stock Exchange (NSE).
