NBCC Shares Surge on MoU With MAHAPREIT for ₹25,000 Crore Infrastructure Projects in Maharashtra

State-owned NBCC India Limited has entered into a strategic partnership with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) to jointly execute large-scale infrastructure projects across Maharashtra.

The memorandum of understanding (MoU), signed on 26 March 2025, marks NBCC’s significant expansion into Maharashtra’s redevelopment sector, building upon its expertise in urban transformation projects. This collaboration aims to enhance project execution efficiency and service delivery across key sectors, aligning with the Government of India’s vision for sustainable urban development.

Expanding Redevelopment and Infrastructure Projects

The partnership will focus on a range of infrastructure initiatives, including cluster development under Thane Municipal Corporation, renewable energy projects, data centres, and slum rehabilitation in the Mumbai Metropolitan Region (MMR). 

Additionally, residential projects under the Pradhan Mantri Awas Yojana (PMAY) will be a key component. With an estimated project value of ₹25,000 crore, execution will be carried out in phases over the next 3 to 5 years, ensuring a structured and effective rollout.

Strengthening Collaboration for Urban Growth

NBCC and MAHAPREIT seek to leverage their respective expertise in engineering, procurement, and construction (EPC) services, consultancy, and fee-based models. The MoU establishes a framework to optimise project implementation by combining NBCC’s redevelopment capabilities with MAHAPREIT’s expertise in renewable energy and infrastructure. 

The collaboration is expected to accelerate urban growth, improve service delivery, and facilitate long-term client acquisitions while reinforcing their commitment to affordable housing and sustainable development.

NBCC Share Performance 

As of March 27, 2025, at 10:30 AM, the shares of NBCC Ltd are trading at ₹84.5 per share, reflecting a surge of 3.80% from the previous day’s closing price. Over the past month, the stock has registered a profit of 11.06%

Conclusion

This strategic alliance marks a milestone in Maharashtra’s infrastructure sector, with NBCC and MAHAPREIT joining forces to drive urban transformation. By focusing on redevelopment, renewable energy, and housing, the partnership aligns with the government’s broader vision of sustainable and inclusive growth.

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