Jaipur: The Government of Rajasthan has approved a major urban infrastructure plan worth around Rs 3,700 crore to be executed through NBCC (India) Limited. The Cabinet cleared the development of the Rajasthan Mandapam Convention Centre along with other large-scale projects focused on urban growth and innovation.
According to an exchange filing, NBCC has been appointed as the lead agency to design, build, and market the Rajasthan Mandapam Convention Centre, Global Capability Centre (GCC) Tower, IT Tower, luxury hotels, and new commercial and residential infrastructure on 95 acres of Rajasthan State Industrial Development and Investment Corporation (RIICO) land along the B2 Bypass, Tonk Road.
The convention centre is planned on an approximately 25-acre land parcel with over 2 lakh sq. m. of built-up area. It is being designed as a world-class venue with a seating capacity of 7,000–7,500 people.
Shares of Navratna PSU NBCC (India) Ltd. were trading higher by 0.33 percent at Rs 103.91 on the BSE. The stock opened at Rs 103.82 and touched an intraday high of Rs 105.02.
BI Bureau
