NBCC (India) Limited has been selected as Project Management Consultant by the Government of the Republic of Seychelles for a significant infrastructure development initiative, the company disclosed in a regulatory filing on March 30, 2026.
The Government of Seychelles has issued a Letter of Intent to engage NBCC as the Project Management Consultant to oversee the planning, design, and procurement of 1,008 affordable housing units alongside associated infrastructure requirements, including a sewage treatment plant (STP).
The project, valued at USD 75 million, will be funded through the EXIM Bank under its Line of Credit (LoC) scheme. This engagement represents NBCC’s expanded footprint in international project delivery, particularly in the African region.
The company will be responsible for comprehensive project management services spanning planning, architectural design, and procurement operations for the housing units and related infrastructure facilities. The sewage treatment plant component underscores the integrated approach to sustainable urban development.
The Letter of Intent from the Seychelles Government indicates in-principle agreement to the arrangement, marking a significant milestone for NBCC’s international operations. The project scope encompasses both residential and essential civic infrastructure, aligning with global development priorities for affordable housing and environmental sustainability.
NBCC’s selection reflects its capabilities in large-scale project management, design coordination, and procurement expertise across multiple asset classes. The EXIM Bank’s involvement through its LoC scheme facilitates concessional financing for the development initiative.
The announcement was formally communicated by Deepti Gambhir, Company Secretary of NBCC (India) Limited. Further details regarding the project timeline, phasing, and execution strategy are available on the company’s website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).