NBCC To Develop Maharana Pratap Tourist Circuit In Haldighati For ₹168.39 Crore

Market snapshot: State-owned NBCC (India) Limited has executed a Memorandum of Understanding with the Department of Tourism, Government of Rajasthan, to develop the Maharana Pratap Tourist Circuit at Haldighati. The sanctioned project cost is estimated at ₹168.39 crore, exclusive of GST.

Data Snapshot

• NBCC executed an MoU with the Department of Tourism, Government of Rajasthan, to develop the Maharana Pratap Tourist Circuit in Haldighati at a sanctioned cost of approximately ₹168.39 crore exclusive of GST, including Project Management Consultancy fees.

Key Takeaways

• NBCC will execute the Maharana Pratap Tourist Circuit project at Haldighati under an MoU with the Rajasthan Department of Tourism.
• The total sanctioned project cost stands at ₹168.39 crore, excluding GST, and includes Project Management Consultancy charges.
• The order enhances NBCC's order pipeline within state government civil infrastructure and tourism development projects.

SAHI Perspective

The contract highlights NBCC's positioning as a preferred Project Management Consultancy partner for government infrastructure initiatives. Securing state-sanctioned tourism circuit projects supports steady fee generation and broadens execution footprint in regional tourism development.

Market Implications

The mandate reflects ongoing capital expenditure allocation by state governments toward regional tourism infrastructure. NBCC's continuous order wins in public infrastructure consultancy maintain revenue visibility for its core Project Management Consultancy segment.

Trading Signals

Market Bias: Bullish

NBCC's new project win worth ₹168.39 crore adds to its Project Management Consultancy pipeline, sustaining order book growth.

Overweight: Real Estate & Infrastructure, Public Sector Enterprises

Trigger Factors:

• Milestones in project commencement and site execution at Haldighati
• Additional project management contract wins from state government departments

Time Horizon: Near-term (0-3 months)

Industry Context

State tourism departments in India are increasingly leveraging central public sector enterprises for end-to-end project management consultancy, driving order flows for established PSU infrastructure developers.

Key Risks to Watch

• Potential delays in site clearance or local approvals in historical/cultural zones
• Risks of cost overruns during execution phases

Recent Developments

NBCC secured work orders amounting to ₹134.27 crore in August 2026 and received a corrigendum order from the Ministry of Corporate Affairs regarding the merger scheme of HSCC (India) Limited with NBCC in October 2026.

Closing Insight

The Haldighati tourism circuit contract reinforces NBCC's strong positioning in government project management consultancy, supporting steady order book expansion.

High Performance Trading with SAHI.