Announced Fri, 17 Apr · 11:44 IST
NBCC to buy commercial tower at Bharat Business Park for ₹1,374 cr
NBCC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹93.25
prior close
₹93.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.2+0.1+0.4-0.2-0.0+0.8-0.1+0.4+1.7+2.6-1.5+21.2+4.1
Up moveDown movePending
AI summary
NBCC emerged as the highest bidder in an e-auction held on April 16, 2026, to purchase a commercial tower of ~279,989 sq. ft. (super built-up area) at Bharat Business Park, Sarojini Nagar, New Delhi. Total estimated investment is ~₹1,374.45 crores including duties and taxes, payable in stages on a construction-linked basis. The tower is intended for self-use, leasing and/or investment. Acquisition is subject to execution of definitive agreements.
Likely market impact
Major ₹1,374 cr capex adds a large commercial asset for leasing/self-use; phased payments cushion cash flows; deal still subject to closure.