NBCC Signs MoU with MTNL to Develop Prime Land in New Delhi
The project, estimated to be worth around Rs 1,600 crore, seeks to convert the land into a modern residential and commercial space.
NBCC (India) Limited and Mahanagar Telephone Nigam Limited (MTNL) have entered into a Memorandum of Understanding (MoU) to jointly develop a substantial land parcel in New Delhi.
The project, estimated to be worth around Rs 1,600 crore, seeks to convert the land into a modern residential and commercial space. Both organizations will pool their resources and expertise for this venture.
In an exchange filing, the construction major informed that the MoU pertains to the development of a 13.88-acre land parcel owned by MTNL on Pankha Road, New Delhi.
Read Also : IRCTC, Zomato collaborated to deliver food to train passengersEarlier, NBCC had also signed memorandum with RITES. This alliance aimed to explore and execute a broad spectrum of consultancy, fee-based projects, and engineering, procurement, and construction (EPC) contracts. The latest collaboration with MTNL further strengthens NBCC’s position in the infrastructure development sector.
Read Also : Tata Power Renewable Energy Limited Secures 400 MW Hybrid Project from MSEDCLNews Must Read
- Indian Bank raises Rs. 5,000 Crores through issuance of Bonds
- NLCIL plans three fold increase in its total power generation capacity by 2030
- DVC enters into financial collaboration with State Bank of India
- IREDA Signs MoU with SJVN and GMR for 900 MW Hydropower Project in Nepal
- IREDA Signs MoU with SJVN and GMR fo Hydro Project in Nepal
- SJVN CMD visited 1320 MW Buxar Thermal Power Project
- Petroleum Minister Hardeep S Puri Highlights India’s Bioenergy Progress
- NBCC bags orders worth Rs. 182.50 Crore
- OMCs increases price of 19 kg commercial LPG cylinder by Rs 39
- HUDCO Issues Record Date For Dividend, Shares Rise 118% YTD