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NBCC shares jump after decades-old land dispute ends

Business

NBCC's stock just got a boost—up 3% on Monday and 9% in two days—after finally settling a land dispute with the Delhi government.
The company's shares are now up 34% this year, and the news has boosted investor confidence.

What changed for NBCC?

As part of the settlement, NBCC scored rights to develop half of a major 42-acre plot in Delhi, which they can now turn into mixed-use projects.
On top of that, they just landed a big gig as project manager for new central government offices at Mumbai Port, expanding their presence in urban infrastructure.