NBCC bags Rs. 400 crore deal to build India Pavilion at Dubai Expo

NBCC (India) said it has bagged Rs 400-crore project from the Commerce Ministry to construct the India Pavilion at the Dubai World Expo 2020, reported PTI.

It has signed memorandum of understanding with the ministry for the project and the scope of work includes conceptualisation, design and construction of the 4,614 sqm India pavilion and other utilities, an official release said.

Apart from showcasing government's various programmes like 'Make in India', smart cities, digital India, the aim of pavilion is to also showcase the country's strength in innovation and startups which are pushing the boundaries in high technology areas like artificial intelligence, fin-tech, space and green energy.

The Dubai World Expo 2020, which will remain open for six months, is expected to have footfalls of more than 10 million visitors from 200 countries.

NBCC has a strong overseas presence with several ongoing and completed projects in countries like Maldives, Turkey, Oman and Mauritius.

On Fridays trade, the stock of NBCC has opened at Rs.77 per share and touched a high/low of 78.45/75.85 per and on 11:07 am the stock is quoting at Rs.77.70 which is up by 3.81 per cent.