NBCC shares opened on a positive note in today’s trade, climbing over 2% in morning trade after the company secured a major project from the Nagpur Metropolitan Region Development Authority (NMRDA).
The new assignment covers the development of Naveen Nagpur under Phase-1 and positions NBCC as the Project Management Consultant for the entire initiative. The contract carries an estimated value of around ₹2,966.10 crore, excluding GST, marking one of the more substantial domestic wins for the company in recent months.
NBCC also confirmed that the project has been awarded by a domestic government body, with no involvement or interest from its promoter or promoter group.
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