NBCC Shares Surge 4.4% Following ₹25,000 Crore MoU with Mahatma Phule Renewable
- Stock Performance: NBCC (India) shares rose 4.4% on March 27, 2025, after signing a ₹25,000 crore MoU with Mahatma Phule Renewable Energy and Infrastructure Technology Limited.
- Price Movement: At 10:25 AM, NBCC’s share price was up 3.5%, trading at ₹83.9 per share on the BSE. The BSE Sensex was up 0.52% at 77,691.05.
- Market Capitalization: NBCC’s market capitalization stood at ₹22,693.5 crore. The stock’s 52-week high was ₹139.9, and the 52-week low was ₹70.82 per share.
Collaboration Details:
- The partnership will focus on a wide range of projects, including consultancy, fee-based services, EPC, and redevelopment.
- Key Projects: NBCC and Mahatma Phule Renewable Energy will work on infrastructure projects in Maharashtra, including:
- Cluster development in Thane Municipal Corporation
- Data centres
- Renewable energy initiatives
- Slum rehabilitation in the Mumbai Metropolitan Region (MMR)
- Residential projects under the Pradhan Mantri Awas Yojana (PMAY)
Project Timeline: The projects will be completed over the next 3-5 years, aligning with the Government of India’s vision for sustainable urban development and affordable housing.
About the Companies:
- NBCC: A public sector undertaking (PSU) involved in construction, infrastructure development, and real estate sectors, both in India and internationally.
- Mahatma Phule Renewable Energy: A subsidiary of Mahatma Phule Backward Class Development Corporation (MPBCDC), focused on renewable energy, including solar power projects and associated infrastructure.
