Particle.news

Download on the App Store

NBCC Named Lead Agency for ₹3,700-Crore Rajasthan Mandapam Development in Jaipur

The award bolsters the Navratna PSU's already sizable order pipeline following Rajasthan cabinet clearance.

Image
NBCC share rises as PSU bags Rs 3,700 crore order; details here
Image

Overview

  • NBCC will design, build, and market a convention-led mixed-use project on 95 acres of RIICO land along the B2 Bypass on Tonk Road in Jaipur.
  • The investment is estimated at about ₹3,700 crore as disclosed in the company's stock exchange filing referencing the state decision.
  • The convention centre is planned over roughly 25 acres with more than 200,000 square metres of built-up area and seating for 7,000–7,500 attendees.
  • The package includes a Global Capability Centre tower, an IT tower, luxury hotels, and new commercial and residential infrastructure.
  • For Q1 FY26, NBCC reported consolidated revenue of ₹2,391 crore and net profit of about ₹132 crore, with an order book of ₹1.05 lakh crore standalone and ₹1.20 lakh crore consolidated, while the stock edged higher intraday.