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NBCC expects three redevelopment projects worth Rs 25,000 crore in the national capital

State-run National Buildings Construction Corporation (NBCC) is expecting three projects for redevelopment of the government properties worth about Rs 25,000 crore in the national capital.

The company’s order book as of now stands at over Rs 35,000 crore and is likely to touch Rs Rs 60,000 crore in next few months, NBCC CMD Anoop Mittal said. Over the last year, NBCC has secured some big-ticket projects including redevelopment of exhibition centre of ITPO for Rs 2,149 crore and AIIMS redevelopment works project worth Rs 5,828 crore.

“…very soon NBCC is likely to add to its kitty, three more works of redevelopment of government properties valuing approximately Rs 25,000 crore and located at Netaji Nagar, Sarojini Nagar and Nauraji Nagar in Delhi,” Mittal said. The company has reported 6% increase in its consolidated net profit at Rs 142 crore and 40% rise in income from operations to Rs 2,313.38 crore in the fourth quarter of last fiscal. For the entire 2015-16 financial year, NBCC’s net profit increased to Rs 311 crore and income from operations rose to Rs 5,838 crore.

NBCC is under the administrative control of Ministry of Urban Development and is present in three main segments — PMC, Real Estate Development and EPC contracting.

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Sept 2020
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