Shares of NBCC (India) Limited moved higher in early trade on Thursday after the company announced the start of its overseas real estate operations in Dubai, marking a key international expansion.

NBCC has commenced operations through its wholly owned subsidiary, NBCC Overseas Real Estate LLCbased in Dubai. As part of this move, the subsidiary has acquired a prime land parcel measuring 14,776.80 square feet in Dubai Mainland for a consideration of AED 15 million. The land is intended for a mixed-use real estate development.

The company clarified that the transaction has been undertaken in the normal course of business and aligns with its strategy to explore global opportunities in the real estate and infrastructure space. Dubai Mainland is considered a strategic location due to its strong demand for residential and commercial developments, driven by sustained economic activity and infrastructure growth.

Following the announcement, investor sentiment remained positive. As of 9:31 AM IST, NBCC (India) shares were trading 2.36% higher at ₹118.90 on the stock exchanges, reflecting market optimism around the company’s overseas expansion plans.