NBCC wins ₹2,966 crore Naveen Nagpur Phase-1 order from Nagpur Metropolitan Authority

State-owned NBCC India Ltd on Wednesday (November 19) said it has secured a project management consultancy (PMC) contract worth approximately ₹2,966.10 crore for the development of Naveen Nagpur under Phase-1 of the Nagpur Metropolitan Region Development Authority (NMRDA).

The order, valued at ₹2,966.10 crore excluding GST, has been awarded by the Nagpur Metropolitan Region Development Authority. NBCC said the work falls within the ordinary course of its business. The scope involves PMC services for the development of Naveen Nagpur, a major regional project.

The contract has been awarded by a domestic entity and does not fall under related-party transactions. Promoters or promoter group companies have no interest in the awarding authority.

Also Read: NBCC wins construction order worth nearly ₹500 crore in Jharkhand; Stock gains

Earlier today, NBCC India said it had successfully concluded the e-auction of 609 residential units across two ongoing housing projects in Greater Noida, Uttar Pradesh, generating sales worth about ₹1,069.43 crore.

The sale marks one of the company’s largest digital auction outcomes in recent quarters as demand for ready and near-complete units in the NCR region continues to improve.

In a filing to stock exchanges, NBCC said the units were part of Aspire Leisure Valley Package-2, covering Towers 1 and 2, and Aspire Centurian Park, including Tower 10 and the Iconic tower from the 36th floor upward. The properties fall under Sub-Package-1 of the broader development plan in Greater Noida (West), a micro-market that has seen rising traction as developers complete stalled or delayed projects.

"The company has successfully sold 609 residential units … through an e-auction at a total sale value of approx. ₹1069.43 crores,” NBCC said in the statement, adding that it will earn a marketing fee of 1% of the sale value.

Also Read: NBCC Q2 Results: Profit grows 26% YoY; board declares second interim dividend

Shares of NBCC (India) Ltd ended at ₹113.00, down by ₹1.95, or 1.70%, on the BSE.