NBCC shares fall despite selling 609 housing units in Greater Noida via auction for ₹1,070 crore; check other developments

At around 3:15 pm, the stock was trading 1.51% lower at ₹113.02 per equity share, after the state-owned company sold 609 housing units in Greater Noida (West) for ₹1,070 crore through an e-auction.

In a regulatory filing on Wednesday, the firm stated that it has sold 609 residential units in two projects, Aspire Leisure Valley and Aspire Centurian Park, through an e-auction at a total sale value of ₹1,069.43 crore.

NBCC will get a marketing fee at 1% of the sale value. However, it did not mention the name of the buyer.

As per the direction of the Supreme Court, Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through the NBCC.

The state-owned firm was asked to complete 38,000 flats and hand them over to homebuyers. The investment to complete these flats was projected at around ₹8,300 crore.

Meanwhile, Delhi-based AU Real Estate said that it has acquired the selling rights for Aspire Leisure Valley (Phase 2) and Aspire Centurian Park from NBCC.

"The combined transaction value stands at ₹1,069 crore, covering a total of 609 residential units," the realty firm said in a statement.

The company has bought 462 units in the 'Aspire Leisure Valley' project for ₹696.20 crore and 147 units in the 'Aspire Centurian Park' project for ₹373.23 crore.

AU Real Estate Director Ashish Agarwal said the company has launched the 'Aspire Leisure Valley' project at an introductory price of ₹7,979 per sq ft.

Share turns ex-dividend

The stock was trading ex-dividend date today, i.e., November 19, for its second interim dividend, which it had announced alongside its Q2FY26 results.

On November 13, NBCC’s board of directors declared its second interim dividend of ₹0.21 per equity share, with a face value of ₹1 each, at a rate of 21%.

Key developments

On Monday, the PSU bagged a project management consultancy order worth ₹498.30 crore from Damodar Valley Corporation. The deal involves the construction of an integrated township at Chandrapura Thermal Power Station in Jharkhand.

In a separate regulatory filing dated November 13, it informed the bourses that it received an order approximating to ₹340.17 crore from the Central University of Kashmir. It's a project management consultancy contract involving the construction of the Central University of Kashmir (Phase 1 works) at Tulmulla, Ganderbal, in Kashmir.

NBCC has a total market capitalisation of ₹30,604.50 crore, as of November 19, 2025, according to data on the NSE.