Building Dreams, One Brick at a Time: NBCC Scores Rs 45 Crore Canara Bank Ranchi Contract

The contract awarded to NBCC involves the project management consultancy and construction of Canara Bank’s new regional office building at 229 Murma, Nagri Anchal, Ranchi. This contract underscores NBCC’s continued dominance as a preferred public sector undertaking specializing in construction and infrastructure development. The project will bolster Canara Bank’s presence in Jharkhand, offering enhanced office facilities for its operations. 

The assignment, fully domestic in nature, reflects NBCC’s strategic focus on high-value government and institutional projects. The engagement’s precise timelines have not been disclosed, but the contract value highlights the scale and complexity involved. The award also aligns with NBCC’s ongoing business expansion and consistent execution of government contracts.

Notable Updates:

- Contract awarded by Canara Bank for Regional Office construction in Ranchi.
- Project management consultancy included within the contract scope.
- Contract value stands at around Rs 45.09 Cr (excluding GST).
- Entirely domestic assignment consolidating NBCC’s government project portfolio.
- Strengthens NBCC’s position in institutional infrastructure development.

Sources: NSE Disclosure, Canara Bank official announcement