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In February, the company completed the e-auction of approximately 61,000 sqft commercial built-up area in New Delhi, valued at ₹272.68 Crore.
NBCC aims to complete construction in all pending projects by March 2025 and deliver flats to homebuyers
NBCC reported sales of 5,000 units for ₹2,900 Crore across multiple residential projects of the former Amrapali Group in December 2023.
Following this development, the company’s counter rose to an intraday high of ₹147.40 on NSE.
The corporation also wants to focus on real estate development and redeveloping property that is not used by other PSUs in order to grow yearly profit to Rs 5,000 crore in five years from Rs 400 crore today.
NBCC's revenue composition includes 92% from Project Management Consultancy, 6% from Engineering Procurement and Construction, and 2% from real estate
The order pertains to renovating and refurbishing office buildings situated at Visakhapatnam Port.
This marks the fourth order won by NBCC in September
The MoU was officially signed on Tuesday, and the projected cost for the project is estimated to be around Rs 31.40 crores.
For the most recent fiscal year, FY 2022–23, NBCC reported a total operating revenue of Rs 8,754.44 crore.
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.