NBCC Signs MoU with IFCI Ltd. for Infrastructure Projects and Property Renovation : CMD

New Delhi, 04 March 2024: NBCC (India) Limited, a Navratna PSU under the Ministry of Housing and Urban Affairs, has signed a Memorandum of Understanding (MoU) with IFCI Ltd, a leading financial institution, to collaborate on planning, designing, and executing infrastructure projects, along with repair and renovation works for IFCI’s properties across India. The MoU was formally signed by Shri Mudit Bhatnagar, SBG Head (Delhi-1), representing NBCC, and Shri Omkar Chand Rana, GM (Engg.) from IFCI Ltd.

Under this strategic partnership, NBCC will leverage its expertise in infrastructure development and project management to undertake a range of initiatives aimed at enhancing IFCI’s properties and supporting its infrastructure requirements nationwide. The activities under the MoU shall be executed for commercial properties of IFCI in Mumbai, Delhi, Chennai, Bengaluru, Ahmedabad, Hyderabad and residential properties of IFCI in Delhi, Kolkata, Mumbai, Ahmedabad, Bengaluru, Chandigarh and Bhubaneshwar.

The approximate value of the works to be executed under this MoU is estimated at Rs. 150 Crore. This collaboration underscores NBCC’s commitment to delivering high-quality infrastructure solutions and reinforces its position as a key player in the construction and engineering sector.

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