NBCC (India) Limited has informed the Exchange regarding a press release dated September 11, 2025, titled "NBCC Signs MoU with RIICO for projects valued Rs. 3,700 Crore. ".
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NBCC (India) Limited has signed a Memorandum of Understanding (MoU) with RIICO (Rajasthan Industrial Development and Investment Corporation) for projects valued at Rs. 3,700 Crore. The announcement is based on a press release dated September 11, 2025, and was disclosed to the exchange as required. RIICO is a Rajasthan government body, indicating the projects likely involve infrastructure or industrial development work in the state. NBCC, a public sector construction company, regularly undertakes such government-backed projects, and this adds materially to its order pipeline.
This is a positive development for shareholders as it strengthens NBCC's order book visibility. An MoU of Rs. 3,700 Crore is sizeable and could boost future revenue, though actual conversion into confirmed contracts will be key to watch.