Deals31 Jul 2025, 06:21 pm
NBCC (India) Ltd. Signs MoU with Madhya Pradesh Gramin Bank for Institutional Campus Development in Indore worth Rs. 45.30 Crore
AI Summary
NBCC (India) Ltd., a Government of India Enterprise and an Navratna CPSE, has signed a Memorandum of Understanding (MoU) with Madhya Pradesh Gramin Bank (MPGB) for the development of a modern institutional campus in Indore, Madhya Pradesh. The project, having a value of approximately Rs. 45.30 crore (excluding GST), will be executed by NBCC on a deposit work basis and includes the construction of the Bank’s Head Office, Training Centre with hostel facilities, and Executive Quarters. This work is in the normal course of business of the Company and aligns with NBCC’s continued focus on expanding its institutional project portfolio while contributing to infrastructure growth in Tier-II cities.
Key Highlights
- NBCC (India) Ltd. has signed an MoU with Madhya Pradesh Gramin Bank for a modern institutional campus development in Indore, Madhya Pradesh.
- The project is worth approximately Rs. 45.30 crore (excluding GST).
- The project includes the construction of the Bank’s Head Office, Training Centre with hostel facilities, and Executive Quarters.
- The project is in line with NBCC’s focus on expanding its institutional project portfolio.
- The project is expected to contribute to infrastructure growth in Tier-II cities.