NBCC (India) Limited — Important, 12-12-2024: Updates

NBCC (India) Limited has been appointed as the Project Management Consultant for the completion of 16 projects related to Supertech Ltd. This involves constructing approximately 49,748 housing units across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The estimated construction cost is around ₹9,445 Crore, with an 8% consultancy fee, which includes a 1% marketing component.

This engagement offers a positive outlook for NBCC as it expands its operational scope and taps into ongoing market demand for housing. Successful completion of these projects could enhance its reputation and financial position, as completion timelines are expected to range between 12 to 36 months, depending on the project phase. Investors should watch closely for updates on project progress, as successful execution could lead to increased market confidence and potential growth opportunities for NBCC.