Purchase of Commercial Tower at Bharat Business Park, New Delhi by the NBCC India Ltd

The Board of Directors of NBCC (India) Limited approved the proposal for participation in an e-auction process for purchase of a commercial tower admeasuring approximately 279,989 sq. ft. (super built-up area) at Bharat Business Park, Sarojini Nagar, New Delhi, for the purposes of self-use, leasing and/or investment.

Accordingly, the Company participated in the said e-auction held on April 16, 2026, and emerged as the Highest Bidder.

The total estimated investment towards the proposed purchase would be approximately ₹1,374.45 crores (Rupees One Thousand Three Hundred Seventy-Four Crore and FortyFive Lakh only) (including duties and taxes), payable in stages on construction-linked basis, in accordance with the progress of construction and subject to the terms and conditions of the e-auction.

The acquisition is subject to completion of necessary formalities and execution of definitive agreements.

Shares of NBCC (India) Limited was last trading in BSE at Rs. 94.30 as compared to the previous close of Rs. 93.09. The total number of shares traded during the day was 1075933 in over 7729 trades.

The stock hit an intraday high of Rs. 94.50 and intraday low of 92.69. The net turnover during the day was Rs. 100951464.00.

Source : Equity Bulls

Keywords

NBCCIndia INE095N01031 eAuction CommercialTower Purchase BharatBusinessPark NewDelhi