NBCC India Signs MoU with Mumbai Port Authority for Development Projects

NBCC (India) Limited has signed a Memorandum of Understanding (MoU) with the Board of Mumbai Port Authority on December 23, 2025. The agreement appoints NBCC as the executing agency for the planning, ...

NBCC (India) Limited has signed a Memorandum of Understanding (MoU) with the Board of Mumbai Port Authority on December 23, 2025. The agreement appoints NBCC as the executing agency for the planning, designing, execution, and supervision of several projects at the Mumbai Port's land. These projects include a CGO Complex on 25 acres, an iconic building, a multi-level car parking facility, an international convention centre, and the maintenance of various port infrastructure such as buildings, sheds, wharfs, and roads. NBCC will act as the Project Management Consultant for these works, which are to be carried out on a turnkey basis. The company will receive an agency charge of 7% of the project cost, excluding Goods and Services Tax (GST). This MoU was formalized following an in-principle approval granted by the Mumbai Port Trust via a letter dated November 26, 2025. The company states that this MoU falls within the normal course of its business operations. Further details are available on NBCC's website.

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Why is NBCC (India) Limited in the news today?

NBCC (India) Limited (NBCC) is in the news due to the mou signifies new business opportunities and potential revenue generation for nbcc through a significant development project with a major port authority.

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NBCC India Signs MoU with Mumbai Port Authority for Development Projects

December 24, 2025, 10:33 AM

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NBCC (India) Limited has signed a Memorandum of Understanding (MoU) with the Board of Mumbai Port Authority on December 23, 2025. The agreement appoints NBCC as the executing agency for the planning, designing, execution, and supervision of several projects at the Mumbai Port's land. These projects include a CGO Complex on 25 acres, an iconic building, a multi-level car parking facility, an international convention centre, and the maintenance of various port infrastructure such as buildings, sheds, wharfs, and roads.

NBCC will act as the Project Management Consultant for these works, which are to be carried out on a turnkey basis. The company will receive an agency charge of 7% of the project cost, excluding Goods and Services Tax (GST). This MoU was formalized following an in-principle approval granted by the Mumbai Port Trust via a letter dated November 26, 2025. The company states that this MoU falls within the normal course of its business operations. Further details are available on NBCC's website.

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