+
NBCC secures Kerala State Housing for Rs 20 billion
Real Estate

NBCC secures Kerala State Housing for Rs 20 billion

The National Buildings Construction Corporation (NBCC) made a significant announcement, revealing that it had been awarded a substantial order valued at Rs 20 billion by the Kerala State Housing Board (KSBH). This project encompasses the development of a 17.9-acre land parcel owned by the Kerala State Housing Board, situated at Marine Drive in Kochi, Kerala.

In a regulatory filing to the stock exchanges, NBCC officially stated, "NBCC has entered into a Memorandum of Understanding (MoU) with the Kerala State Housing Board for the development of a 17.9-acre land parcel owned by the Kerala State Housing Board at Marine Drive, Kochi, Kerala." The company also indicated that the timeline for executing this order has yet to be determined.

NBCC had already secured another contract worth Rs 200 million from the government of India. This contract pertains to the renovation and construction project at the Mint in Mumbai. The scope of work includes comprehensive planning, design, and execution of both structural and non-structural repairs within the Mint's factory premises in Mumbai, in addition to renovation activities and the construction of a transit camp at the Mint colony in Parel, Mumbai.

It is important to mention that this contract, in accordance with regulation 30 of SEBI, has been awarded domestically. It is classified as a Project Management Consultancy (PMC) contract and operates on a deposit work basis.

The National Buildings Construction Corporation (NBCC) made a significant announcement, revealing that it had been awarded a substantial order valued at Rs 20 billion by the Kerala State Housing Board (KSBH). This project encompasses the development of a 17.9-acre land parcel owned by the Kerala State Housing Board, situated at Marine Drive in Kochi, Kerala.In a regulatory filing to the stock exchanges, NBCC officially stated, NBCC has entered into a Memorandum of Understanding (MoU) with the Kerala State Housing Board for the development of a 17.9-acre land parcel owned by the Kerala State Housing Board at Marine Drive, Kochi, Kerala. The company also indicated that the timeline for executing this order has yet to be determined.NBCC had already secured another contract worth Rs 200 million from the government of India. This contract pertains to the renovation and construction project at the Mint in Mumbai. The scope of work includes comprehensive planning, design, and execution of both structural and non-structural repairs within the Mint's factory premises in Mumbai, in addition to renovation activities and the construction of a transit camp at the Mint colony in Parel, Mumbai.It is important to mention that this contract, in accordance with regulation 30 of SEBI, has been awarded domestically. It is classified as a Project Management Consultancy (PMC) contract and operates on a deposit work basis.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?