NBCC Signs MoUs with West Bengal Govt for Projects

NBCC (India) Limited has signed Memoranda of Understanding (MoUs) with the Department of Urban Development & Municipal Affairs (UD & MA), Government of West Bengal, and its various authorities. These MoUs cover projects such as the redevelopment of College Street and Chinatown in Kolkata, riverfront development in Chandannager and Howrah, feasibility studies for government housing redevelopment in BMC area, and public toilets under various urban areas. NBCC will execute these projects on a "Deposit Work Basis," receiving actual project costs plus a 5% agency charge (excluding GST). The MoUs are considered part of the company's normal course of business.