The project involves development of 17.9 acres of land parcel of Kerala State Housing Board at Marine Drive, Kochi, Kerala.
NBCC (India) provides civil engineering construction services. As on 31 March 2023, the Government of India held 61.75% stake in NBCC (India).
The company had reported a consolidated net profit of Rs 75.14 crore in the quarter ended June 2023 as against net loss of Rs 6.29 crore during the previous quarter ended June 2022. Sales rose 7.11% to Rs 1913.79 crore in Q1 FY24 over Q1 FY23.