NBCC is aiming for Rs 1 lakh crore order book by 2020-end

Q: National Buildings Construction Corporation Ltd. is aiming to increase its order book from Rs.17000 to around Rs.1 lakh by the end of 2020.

Akash Kanojia, Delhi

1st February 2016

Real estate News in Delhi

real estate

new delhi

nbcc

national buildings construction corporation ltd

epc contracting

anoop mittal

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Replies (3)

Great job. NBCC is turning out to a Blue Chip from amonst the PSU companies. Hope other PSU learn from this too. Govt. should also promote some more companies like NBCC and put a strict eye on the private builders.

Sunil Joshi, Mumbai

1st February 2016

Comment

Yes, project management consultancy is company's core strength under which company is executing its various major projects.

Saran, Noida

1st February 2016

Comment

I don't have much knowledge on it but i heard that earlier this month, the company bagged a Rs 2149 crore order from the Indian Trade Promotion Organisation for redevelopment of exhibition venue Pragati Maidan in New Delhi.

Lohit Raj, Delhi-NCR

1st February 2016

@Lohit,
Apart from that, in November last year the company had bagged a Rs 5828 crore redevelopment project from AIIMS, involving construction of 3000 flats. NBCC has also ventured into overseas operations and opened an office in Oman.

Saran, Noida

1st February 2016

Not only this, NBCC has also signed an MoU with Al Naba Services LLC to jointly develop infrastructure projects in the Sultanate of Oman and neighboring countries. To continue its prospects in overseas, the company has also signed MoUs with Construction Industry Development Board Holdings, Malaysia and Form Yapi Malzemeleri Insaat Samayi Ticaret Ltd, Turkey.

Lohit Raj, Delhi-NCR

1st February 2016

As per report, NBCC had a turnover of around Rs 5000 crore in the 2014-15 financial year. In spite of the slow market, they are able to perform better and i am confident that it will continue in the coming year. Company has bagged some big ticket size projects this year and the order book is expected to reach about Rs. 40000 crore by end of this financial year from the current Rs. 17000 croere.

Preeti Kher, Delhi-NCR

1st February 2016

Comment

Hello Preeti,
The company has broadly three areas of operations, 1) project management consultancy (PMC), 2) real estate development and 3) EPC contracting.

Mittal, under whose period company achieved the feat of obtaining Navratna status, and its PMC sector accounts for about 855 of its annual revenues, while the other two segments are also doing well.

Lohit Raj, Delhi-NCR

1st February 2016