NBCC secures Rs 1,900 crore businesses in May

NBCC secures Rs 1,900 crore businesses in May
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Story Dated : June 6, 2016

New Delhi: State-owned construction firm NBCC today said it has secured businesses worth Rs 1,900.79 crore in May.

Over the last year, National Buildings Construction Corporation (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.

“NBCC secured a total business amounting to Rs 1,900.79 crore in May, 2016,” the company said in a regulatory filing.

The company has reported a 6 percent rise in its consolidated net profit at Rs 141.48 crore in the March quarter. Its income from operations rose 40 percent to Rs 2,313.38 crore in January-March 2015-16.

For the entire 2015-16 fiscal, NBCCs net profit increased to Rs 311.13 crore and income from operations rose to Rs 5,838.27 crore.

The company is also expecting to get three projects for redevelopment of the government properties worth about Rs 25,000 crore in the national capital, NBCC’s Managing Director Anoop Mittal had said.

NBCC, under the administrative control of Ministry of Urban Development, is present in three main segments — Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.