News

The board of NBCC (India) has approved the proposal for participation in an e-auction process for purchase of a commercial tower admeasuring approximately 279,989 sq. ft. (super built-up area) at Bharat Business Park, Sarojini Nagar, New Delhi, for the purposes of self-use, leasing and/or investment. Accordingly, the Company participated in the said e-auction held on 16 April 2026, and emerged as the Highest Bidder. The total estimated investment towards the proposed purchase would be approximately Rs 1,374.45 crore, payable in stages on construction-linked basis, in accordance with the progress of construction and subject to the terms and conditions of the e-auction.

NBCC (India) announced that the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Govt. of India vide Office Memorandum (OM) dated 16 April 2026, has conveyed its `No Objection` on the merger of the HSCC (India), a wholly owned subsidiary with NBCC (India) (Holding Company) in compliance with the extant guidelines.

NBCC (India) has successfully sold commercial built-up space of approx14 lac sq. ft area at Bharat Business Park, Sarojini Nagar, New Delhi through an e-auction at total sale value of approx. Rs. 5,779 crore. NBCC will get marketing fee @ 1% of sale value.

NBCC (India) on 11 April 2026, has entered into two different Memorandum of Understandings (MoUs) with Housing and Urban Development Corporation (HUDCO) as follows: 1. MoU for the Redevelopment of August Kranti Bhawan, Bhikaji Cama Place, New Delhi HUDCO and NBCC agree to collaborate and jointly work towards the redevelopment of leasehold plot admeasuring approx. 18830 sqmt. at Block No. 25, August Kranti Bhawan, Bhikaji Cama Place, New Delhi. NBCC shall render Techno-economic feasibility study, Construction and Project Management, Monetization of built-up space etc. 2. MoU for providing funds for the ongoing and upcoming projects of NBCC`s self sustainable model Reinforcing cooperation and collaboration to leverage respective strengths for undertaking Asset Monetization activities for NBCC`s self-sustainable model projects. HUDCO shall provide funds for ongoing and upcoming projects of NBCC`s self sustainable model on mutually agreed terms and conditions. NBCC shall provide Project Management and Marketing consultancy services. The partnership is expected to expedite projects execution, enhance assets value, and contribute to urban infrastructure development. The said MoUs are in the normal course of business of the Company.

NBCC (India) announced that the Board of Directors of the Company at its meeting held on 18 February 2026, inter alia, have recommended the interim dividend of Rs 0.12 per equity Share (i.e. 12%) , subject to the approval of the shareholders.Powered by Capital Market - Live News