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NBCC signs MoU with MAHAPREIT for ₹25,000 crore projects in Maharashtra

Synopsis:

NBCC India Limited has signed an MoU with MAHAPREIT to collaborate on ₹25,000 crore infrastructure projects in Maharashtra. The partnership will focus on redevelopment, renewable energy, and data centres, with execution planned over the next three to five years.


NBCC India Limited, a state-owned construction giant, has signed a strategic Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) on March 26, 2025. The partnership aims to jointly undertake a wide range of consultancy, fee-based, engineering, procurement, and construction (EPC), and redevelopment projects across Maharashtra. This move marks NBCC’s first significant step into Maharashtra’s redevelopment sector, following its success in urban transformation projects in Delhi.

The collaboration will focus on high-impact infrastructure projects, including cluster development in Thane Municipal Corporation, data centre setups, renewable energy initiatives, slum rehabilitation in the Mumbai Metropolitan Region (MMR), and residential projects under the Pradhan Mantri Awas Yojana (PMAY). The estimated value of these projects stands at ₹25,000 crore, with phased execution planned over the next three to five years.

Also read: Piramal Enterprises invests ₹600 crore in subsidiary Piramal Finance

NBCC (INDIA) LIMITED

Trade

81.89-0.81 (-0.97 %)

Updated - 28 March 2025
84.80day high
DAY HIGH
81.00day low
DAY LOW
13560542
VOLUME (BSE)

Key Takeaways:

  1. Partnership: NBCC and MAHAPREIT

  2. Project Value: ₹25,000 crore

  3. Focus Areas: Redevelopment, EPC, fee-based projects, renewable energy

  4. Execution Period: 3 to 5 years

  5. NBCC Share Price: ₹81.06 (down by 2.55%)

Also read: Sunteck Realty to invest $10–$20 million in Sunteck Lifestyle International

NBCC Share Price Movement

Following the announcement of the MoU, the NBCC share price witnessed a decline, closing at ₹81.06 on the BSE, marking a drop of ₹2.12 or 2.55% from the previous close. Investors are cautiously observing how the partnership with MAHAPREIT will impact the company's financial performance and future growth prospects.

Parameter

Value

Closing Share Price

₹81.06

Previous Close

₹83.18

Percentage Change

-2.55%

Project Value

₹25,000 crore

Execution Timeline

3 to 5 years

Strategic Focus on Maharashtra

The partnership between NBCC and MAHAPREIT is poised to boost urban development in Maharashtra, with a clear focus on sustainable and affordable infrastructure. Through this collaboration, both organisations aim to leverage their respective expertise in project execution and service delivery. The comprehensive plan includes addressing affordable housing under PMAY and enhancing data infrastructure through the development of data centres.

By strategically aligning their strengths, NBCC and MAHAPREIT aim to support the Government of India’s vision of sustainable urban development and affordable housing. The partnership’s success could significantly improve NBCC’s project portfolio while enhancing its service delivery capabilities.

NBCC’s collaboration with MAHAPREIT marks a transformative step towards modernising Maharashtra’s urban landscape. The strategic partnership is expected to drive sustainable infrastructure development while fostering affordable housing initiatives. Despite the short-term dip in the NBCC share price, the long-term outlook remains promising as the partnership paves the way for impactful urban projects and enhanced service delivery.

Also read: Indian Hotels infuses $9 million into Netherlands-based IHOCO BV

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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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