NBCC Shares Rise On Dubai Entry And Mumbai Port Projects

30 Dec 2025 CW Team

NBCC said it has entered the international real estate market by commencing overseas operations in Dubai through its wholly owned subsidiary, NBCC Overseas Real Estate LLC. The subsidiary has acquired a prime land parcel measuring 14,776.8 square feet in Dubai Mainland for AED 15 million, which will be developed as a mixed-use project, marking the company’s first foray into overseas real estate development.

Separately, NBCC has received in-principle approval from the Mumbai Port Trust to act as the executing agency for multiple projects at an agency charge of 7 per cent of the project cost. The scope of work includes planning, design, execution and supervision of developments such as a CGO Complex, an iconic building, a multi-level car parking facility and an international convention centre, along with maintenance of port infrastructure.

In this regard, NBCC has signed a memorandum of understanding with the Mumbai Port Authority on 23 December 2025 for the development of a CGO Complex on 25 acres of Mumbai Port land on a turnkey, deposit-work basis. Under the agreement, NBCC will serve as the project management consultant for the proposed development. The company said the MoU was executed in the normal course of business.

NBCC (India) operates across three core segments — project management consultancy, real estate, and engineering, procurement and construction. As of September 2025, the Government of India held a 61.75 per cent stake in the company.

On the financial front, NBCC reported a 25.21 per cent year-on-year increase in consolidated net profit to Rs 1.57 billion in the second quarter of FY26, supported by an 18.99 per cent rise in revenue from operations to Rs 29.1 billion over the same period last year.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Shares of NBCC (India) rose 4.13 per cent to Rs 120.95 after the state-owned construction firm announced key developments spanning overseas real estate expansion and major domestic infrastructure assignments. NBCC said it has entered the international real estate market by commencing overseas operations in Dubai through its wholly owned subsidiary, NBCC Overseas Real Estate LLC. The subsidiary has acquired a prime land parcel measuring 14,776.8 square feet in Dubai Mainland for AED 15 million, which will be developed as a mixed-use project, marking the company’s first foray into overseas real estate development. Separately, NBCC has received in-principle approval from the Mumbai Port Trust to act as the executing agency for multiple projects at an agency charge of 7 per cent of the project cost. The scope of work includes planning, design, execution and supervision of developments such as a CGO Complex, an iconic building, a multi-level car parking facility and an international convention centre, along with maintenance of port infrastructure. In this regard, NBCC has signed a memorandum of understanding with the Mumbai Port Authority on 23 December 2025 for the development of a CGO Complex on 25 acres of Mumbai Port land on a turnkey, deposit-work basis. Under the agreement, NBCC will serve as the project management consultant for the proposed development. The company said the MoU was executed in the normal course of business. NBCC (India) operates across three core segments — project management consultancy, real estate, and engineering, procurement and construction. As of September 2025, the Government of India held a 61.75 per cent stake in the company. On the financial front, NBCC reported a 25.21 per cent year-on-year increase in consolidated net profit to Rs 1.57 billion in the second quarter of FY26, supported by an 18.99 per cent rise in revenue from operations to Rs 29.1 billion over the same period last year.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..