NBCC (India) Limited has informed the Exchange regarding 'Intimation of MoU between NBCC (India) Limited and National Film Development Corporation (NFDC)'.
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Awaiting price reaction for this filing.
NBCC (India) Limited signed an MoU with National Film Development Corporation (NFDC), under the Ministry of Information and Broadcasting, on July 02, 2025. NBCC will act as the Project Management Consultant for the comprehensive renovation and redevelopment of the Siri Fort Auditorium Complex in New Delhi. The 5.5-acre project will feature modern infrastructure while preserving its cultural and heritage significance, following regulatory codes and green building protocols. The goal is to transform Siri Fort into a world-class cultural destination and a hub for India's creative ecosystem. This is an order/project win for NBCC's core construction and PMC business rather than a financial transaction.
Positive for NBCC as it adds a high-visibility, government-backed project to its order book, reinforcing its role as a preferred PMC for iconic public infrastructure. The financial value of the project is not disclosed in this intimation, so the immediate stock impact may be limited until contract value is announced.