NBCC India Signs Landmark MoU for ₹25,000 Crore Maharashtra Projects

NBCC (India) Limited has entered into a strategic partnership with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) to undertake massive infrastructure projects across Maharashtra. The Memorandum of Understanding, signed on March 26, 2025, encompasses consultancy, EPC, redevelopment, and infrastructure initiatives valued at approximately ₹25,000 crore. This collaboration marks NBCC's entry into Maharashtra's redevelopment sector, focusing on key projects such as cluster development in Thane, data centers, renewable energy initiatives, and slum rehabilitation in the Mumbai Metropolitan Region. The partnership also aims to execute affordable housing projects under the Pradhan Mantri Awas Yojana. These projects will be implemented in phases over the next three to five years, aligning with the Government of India's vision for sustainable urban development and affordable housing. The alliance leverages the strengths of both entities to enhance client acquisition and service delivery capabilities.

 

Source: Business Upturn