NBCC (India) Limited has entered into a Memorandum of Understanding (MoU) with the Board of Mumbai Port Authority on December 23, 2025. The MoU pertains to engaging NBCC as the executing agency for the development of a CGO Complex on 25 acres of Mumbai Port’s land with an agency charge of 7% of the project cost (excluding GST). NBCC will act as the Project Management Consultant.
Partnership with Mumbai Port Authority
NBCC (India) Limited has formalized a partnership with the Board of Mumbai Port Authority through a Memorandum of Understanding (MoU) signed on December 23, 2025. This agreement outlines the collaboration for the development of a CGO Complex.
Project Details: CGO Complex Development
The core objective of this MoU is to engage NBCC as the executing agency for a project involving the development of a CGO Complex on 25 acres of land belonging to the Mumbai Port Authority. NBCC will serve as the Project Management Consultant for the project on a turnkey basis.
Financial Arrangement
As per the agreement, NBCC will be entitled to an agency charge of 7% of the total project cost (excluding GST). This charge covers Planning, Designing, Execution and Supervision of various aspects, including:
- CGO Complex
- Iconic building
- Multi-level car parking
- International Convention Centre
- Maintenance of buildings, sheds, wharfs, storage area, and roads
Source: BSE