NBCC signed a memorandum of understanding with the Rajasthan Department of Tourism and the Rajasthan Heritage Authority to execute the Maharana Pratap Tourist Circuit at Haldighati. The public sector firm will earn a 4.25% consultancy fee on the ₹168.39 crore project, which includes building the world's tallest statue of the Mewar ruler. This follows an e-auction last week of 8.80 lakh square feet of residential real estate at Africa Avenue that yielded ₹5,191 crore. These high-value undertakings prompted the stock's sharpest single-day rally in over a year.
Key points
Monday's rally broke a four-month losing streak that had accumulated a 33% decline for th…: Monday's rally broke a four-month losing streak that had accumulated a 33% decline for the public sector enterprise.
Despite the one-day surge, NBCC shares remain down 38% in 2026 and risk posting their fir…: Despite the one-day surge, NBCC shares remain down 38% in 2026 and risk posting their first annual loss in three years.
Over the long term, the company's shares are up 153% over five years and 714% from their…: Over the long term, the company's shares are up 153% over five years and 714% from their 2020 low.
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Shares of NBCC (India), the state-owned construction company, settled 9% higher at ₹76 apiece in Monday’s trade after the company announced plans to develop the Maharana Pratap Tourist Circuit at Haldighati in Rajasthan. Today's rally was the biggest single-day spike that the stock had seen in the last 114 months.
In a filing on Monday, NBCC said it has signed a memorandum of understanding (MoU) with the Department of Tourism, Government of Rajasthan, and the Rajasthan Heritage Authority (RHA). Under the agreement, NBCC will undertake the planning, designing, execution, operation, and maintenance of the identified works.
As part of the ₹168 crore tourist circuit project, the company will construct what is proposed to be the world’s largest statue of Maharana Pratap at Haldighati. Maharana Pratap was the ruler of the Kingdom of Mewar.
The project cost, as sanctioned by the Rajasthan government, stands at ₹168.39 crore, excluding GST. This includes a project management consultancy (PMC) fee of 4.25% of the actual project cost.
A major highlight of the proposed development will be the creation of the world’s tallest statue of…
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