NBCC (India) Limited has signed Memoranda of Understanding (MOUs) with the Department of Urban Development & Municipal Affairs (UD & MA), Government of West Bengal, and its various authorities. The signing ceremony was attended by Smt. Agnimitra Paul, Hon'ble Minister of UD&MA, and Shri K. P. Mahadevaswamy, Chairman and Managing Director of NBCC, along with other dignitaries from the State Government and NBCC officials.
The MOUs cover six specific projects with different authorities:
- Kolkata Metropolitan Development Authority: Redevelopment of College Street area and China town at Tangra
- Chandernagore Municipal Corporation: Riverfront development at Chandannagar
- Department of Urban Development & Municipal Affairs: Feasibility study with redevelopment of Government housing in BMC area
- State Urban Development Agency: Public toilets under various urban areas
- Howrah Municipal Corporation: Development of River Ghat at Howrah
- Nabadwip Municipality: Development of River Ghat at Nabadwip
NBCC will execute these projects on a "Deposit Work Basis" and will be compensated with the actual cost of projects plus agency charges of 5% (five percent only), excluding GST on the actual project cost. The project cost and detailed specifications will be provided in due course.
The company stated that these MOUs are part of its normal course of business operations. The disclosure was made in compliance with regulatory requirements and the information is also available on the company's website at https://www.nbccindia.in/webEnglish/announcementNotices.
The document was digitally signed by Deepti Gambhir, Company Secretary (F-4984), on November 12, 2026, at 15:47:50 IST.