NBCC secures Kerala State Housing for Rs 20 billion

07 Sep 2023 CW Team

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.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..