NBCC (India) Limited has informed the Exchange regarding 'General update: Govt. of Rajasthan granted Cabinet approval for the development of Rajasthan Mandapam Convention Centre and other Urban development and Innovation Projects amounting to Rs. 3,700 crore approx., through NBCC (India) Limited'.
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The Government of Rajasthan has granted Cabinet approval for a large urban development project valued at approximately ₹3,700 crore, with NBCC (India) Limited selected as the lead agency. The project spans 95 acres of RIICO land along the B2 Bypass, Tonk Road in Jaipur, and includes the Rajasthan Mandapam Convention Centre (7,000–7,500 seats, ~2 lakh sq. mtr. built-up area on 25 acres), a Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and new commercial and residential infrastructure. NBCC will handle design, construction, and marketing for the project. The project was announced on August 25, 2025.
This is a sizeable order win for NBCC, likely representing a meaningful share of its annual revenue and adding strong visibility to its order book. The diversified scope (convention centre, IT, hospitality, real estate) reduces concentration risk and reinforces NBCC's positioning as a key government project execution agency — a positive signal for the stock.