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.