PSUs

NBCC Signs MoU with MAHAPREIT for Rs 25,000 Crore Infrastructure Projects

By IndianMandarins- 27 Mar 2025
1433

nbcc-signs-mou-with-mahapreit-for-rs-25-000-crore-infrastructure-projects

New Delhi (27.03.2024): NBCC (India) Limited, a Navratna CPSE under the Ministry of Housing and Urban Affairs (MoHUA), has signed a strategic Memorandum of Understanding (MoU) with Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) on March 26, 2025. This collaboration aims to jointly undertake a wide range of consultancy, fee-based, EPC and redevelopment projects from concept to commissioning. 
NBCC will be entering into redevelopment for the first time in Maharashtra after having great success in transforming the landscape of Delhi through this unique redevelopment model. 
Under this partnership, NBCC and MAHAPREIT will collaborate on key infrastructure projects in Maharashtra, including cluster development projects in Thane Municipal Corporation, data centres, renewable energy initiatives, slum rehabilitation projects in the Mumbai Metropolitan Region (MMR) and various residential projects under the Pradhan Mantri Awas Yojana (PMAY). These projects, with an estimated value of Rs 25,000 crore, will be executed in a phased manner over the next three to five years, contributing to sustainable urban development and affordable housing in line with the Government of India’s vision.

free stat counter