Shares of NBCC (India) Ltd rallied 5% on 22 February after the company announced receiving approval for developing five projects worth Rs 10,000 crore. 

In its regulatory filing, the company said that it had received approval from the Greater Noida Authority for developing unused and purchasable FAR in furtherance of existing Amrapali projects valuing Rs. 10,000 crore. 

The five projects are; 

• Centurian Park, GH-05, Sector Tech Zone-IV, Greater Noida. 
• Golf Homes, GH-02, Sector-4, Greater Noida. 
• Leisure Park, GH-01, Tech Zone-IV, Greater Noida. 
• Leisure Valley, GH-02, Tech Zone-IV, Greater Noida.  
• Dream Valley, GH-09, Tech Zone-IV, Greater Noida. 

Furthermore, the company has also signed 2 Memorandum of Understanding (MoU) with Urban Development Corporation Limited (HUDCO). The 2 MoUs are;

• Reinforcing cooperation and collaboration to leverage respective strengths for the effective implementation of consultancy services. 
• Reinforcing cooperation and collaboration to leverage respective strengths for the effective implementation of Asset Monetization Activities.

At 2:27 pm, the shares of NBCC (India) were trading 4.31% higher at Rs 145.20 on NSE.