NBCC signs MoUs for six urban development projects in West Bengal

Résumé détaillé

The projects include redevelopment of Kolkata's College Street and China Town areas, riverfront development in Chandannagar and river ghats in Howrah and Nabadwip.

State-owned NBCC (India) Ltd has signed memoranda of understanding (MoUs) with the West Bengal government's Department of Urban Development and Municipal Affairs and various state authorities to undertake six urban development projects.

The MoUs were signed in the presence of West Bengal Urban Development and Municipal Affairs Minister Agnimitra Paul and NBCC Chairman and Managing Director K.P. Mahadevaswamy, along with other state government officials and company representatives.

The projects include the redevelopment of the College Street area and China Town in Tangra, in association with the Kolkata Metropolitan Development Authority. NBCC will also undertake riverfront development at Chandannagar with the Chandernagore Municipal Corporation.

Other projects include a feasibility study for redeveloping government housing in the BMC area, construction of public toilets across various urban areas through the State Urban Development Agency, and development of river ghats in Howrah and Nabadwip.

NBCC will execute the projects on a deposit work basis. It will be reimbursed the actual project cost and paid agency charges of 5% of the actual cost, excluding GST.

The company said project cost details would be disclosed in due course.

NBCC reported a 33.8% year-on-year increase in net profit to ₹206 crore for the second quarter of FY27, compared with ₹154 crore in the corresponding period last year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled to ₹225.5 crore from ₹104.5 crore a year earlier. EBITDA margin improved to 6.6% in the September quarter from 3.6% in the year-ago period.

The company's board also declared a second interim dividend of ₹0.25 per paid-up equity share of ₹1 each for FY27, representing a payout of 25% of the face value.

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