NBCC (India) Ltd.

NBCC (India) Ltd. has been appointed as the lead agency for a ₹3,700-crore mega infrastructure development project in Jaipur, marking a major addition to its project portfolio. The Government of Rajasthan recently gave cabinet approval for the initiative, which will be developed on a 95-acre RIICO land parcel along the B2 Bypass, Tonk Road.

Rajasthan Mandapam at the Core

The centrepiece of the project will be the Rajasthan Mandapam Convention Centre, spread across 25 acres, with a built-up area of over 2 lakh square metres. Designed to host between 7,000–7,500 people, the facility is envisioned as one of India’s premier convention destinations. The broader plan also includes a Global Capability Centre (GCC) Tower, an IT Tower, luxury hotels, and modern commercial and residential infrastructure. NBCC will oversee design, construction, and marketing.

Strategic Urban Push

The project underscores Rajasthan’s push to attract investment and global business events. By combining a large-scale convention centre with IT and commercial towers, luxury hospitality, and residential complexes, the initiative aims to create a multi-use hub that supports business tourism, job creation, and urban expansion in Jaipur.

About the Company

NBCC, a Navratna CPSE under the Ministry of Housing and Urban Affairs, was founded in 1960 and is today a leading player in the construction and redevelopment space. 

In its Q1 FY26 results NBCC reported steady growth. Consolidated operations posted revenue of ₹2,391.19 crore, EBITDA of ₹110.16 crore, and PAT of ₹135.03 crore, up nearly 26% from last year. 

NBCC has also built a growing global presence with projects in the Maldives, Mauritius, Seychelles, and Dubai, including housing, convention centres, and diplomatic facilities. The company continues to expand in overseas markets through projects financed by Exim Bank of India’s Buyer’s Credit Scheme.

Over the last three and five years, this stock has given multibagger returns of more than 370% and 445%, respectively.

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Note: The stock price mentioned is as of 3:18 pm.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.