NBCC

State-owned NBCC on Tuesday said it has sold 1,233 housing units for Rs 3,217 crore through e-auction in a new project at Greater Noida, a development that will help the company complete stalled projects of the erstwhile Amrapali Group. As per the direction of the Supreme Court, Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through NBCC (India) Ltd. The state-owned firm was asked to complete 38,000 flats and hand it over to homebuyers. In a statement, NBCC said it has "successfully sold 1,233 residential units at Aspire Golf Homes through an e-auction, garnering a total sale value of Rs 3,216.95 crore excluding allied charges". The project 'Aspire Gold Homes' has in total 1,507 flats across 11 towers. NBCC has earlier sold 274 units. The high-stakes auction witnessed an overwhelming response, with bids significantly exceeding the reserve price. "The fund shall mitigate the fund requirement of ongo

State-owned NBCC has bagged a Rs 300-crore contract to develop a commercial complex in Varanasi, Uttar Pradesh. In a regulatory filing on Friday, the company said it has secured a Rs 300-crore order for "development of Jawaharlal Nehru Commercial Complex (JLNCC), Englishya Lines, Varanasi on self-sustainable model". The company got the contract from Varanasi Development Authority. NBCC secured another work order worth Rs 24.38 crore to construct Mehta Family School of Data Science and Artificial Intelligence including internal EI,C, firefighting, fire alarm, lifts, audio visual system, CCTV and BMS installation and development works at IIT Roorkee, Uttarakhand. The company bagged another work order worth Rs 44.37 crore from Power Grid Corporation to construct and furnish 500-bed multi-storey "Vishram Sadan" at AIIMS Gorakhpur in Uttar Pradesh. In total, NBCC said it has secured the work order in normal course of business amounting Rs 368.75 crore. NBCC is into Project Management

State-owned NBCC Ltd is targeting to reach Rs 1 lakh crore of consolidated order book by March next year from the current Rs 84,400 crore as the company looks to expand business across India. NBCC (India) Ltd is into Project Management Consultancy (PMC), Engineering, Procurement and Construction (EPC) and real estate businesses. "NBCC has an order book of around Rs 84,000 crore. We are targeting to take Rs 1 lakh crore at the end of this financial year," NBCC Chairman and Managing Director (CMD) K P Mahadevaswamy told investors. According to a transcript of discussion with investors, he said the total order book at a consolidated level is Rs 84,400 crore, of which NBCC's share is about Rs 70,400 crore. The remaining is order book of its subsidiaries. The order book of HSCL stood at Rs 8,093 crore, HSCL Rs 5,915 crore, and NSL Rs 200 crore. Of the total order book, Mahadevaswamy said the PMC/EPC contributes around 55 per cent and 45 per cent in redevelopment. On execution timelin

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HUDCO intends to create an institutional complex which is may have 8.71 Lakh sq ft. of built-up area with a mix of office space, studio apartments, conference space and retail & common facilities

The NBCC (India) share rose after the company announced that it has secured an order of Rs 315 crore from ST & SC Development, Minorities & Backward Classes Welfare Department, Government of Odisha

NBCC reported its Q2 results on Wednesday in the last few minutes of market hours. The company's consolidated profit rose 53 per cent to Rs 122 crore as compared to Rs 79.59 crore a year ago

State-owned NBCC has bagged a Rs 263-crore contract in Kanpur from the Income Tax Department. In a statement on Wednesday, NBCC (India) Limited said it has signed a Memorandum of Understanding (MoU) with the Income Tax Department for construction of "Pratyaksha Kar Bhawan" along with a residential complex and multi-story training unit set up at Kheora Bangar, Kanpur, Uttar Pradesh. The estimated value of the project is Rs 263 crore. The Pratyaksha Kar Bhawan will serve as a state-of-the-art office space for the Income Tax Department, enhancing administrative efficiency and providing modern facilities. Additionally, the residential complex will cater to the housing needs of the department's staff, with a variety of quarters designed to meet diverse accommodation requirements. The project is set to be completed within 30 months from the start date. NBCC said it has also been awarded work of demolition and comprehensive design engineering, construction and furnishing of four buildin

State-owned NBCC (India) Ltd on Wednesday reported a 53 per cent increase in its consolidated net profit at Rs 125.13 crore for the quarter ended September on higher income. Its net profit stood at Rs 81.90 crore in the year-ago period. Total income rose to Rs 2,525.95 crore during the second quarter of this fiscal from Rs 2,134.36 crore in the corresponding period of the preceding year, according to a regulatory filing. NBCC is into project management consultancy and real estate businesses.

State-owned NBCC's arm HSCC (India) Ltd has bagged Rs 1,322.48 crore worth of contracts from Employees State Insurance Corporation to construct a hospital at Manesar in Haryana and build additional 500 beds at Faridabad. In a regulatory filing on Tuesday, NBCC informed that HSCC (India) Limited, its wholly-owned subsidiary, has bagged two contracts from Employees State Insurance Corporation with a combined value of Rs 1,322.48 crore. HSCC will construct additional 500 beds, with enhancement of bed strength from 650 to 1,150 beds, at ESIC Medical College and Hospital at Faridabad on a deposit mode basis. The value of the work is Rs 642.69 crore. It will also construct a 500-bedded ESIC Hospital at Manesar (Gurugram), Haryana on a deposit mode basis. The value of work order is Rs 679.79 crore. NBCC is into project management consultancy and real estate businesses.

State-owned NBCC said its arm Hindustan Steelworks Construction has bagged a Rs 1,000-crore contract to develop the campus of Gondwana University in Maharashtra. In a regulatory filing, NBCC said its subsidiary Hindustan Steelworks Construction Ltd has recently been awarded a Rs 1,000-crore contract to develop the campus of Gondwana University, Gadchiroli, Maharashtra. NBCC is mainly into project management consultancy and real estate businesses.

NBCC (India) Ltd has bagged a Rs 75 crore contract to build additional infrastructure at Indian Institute of Information Technology, Nagpur. The company said in a statement on Thursday it has "secured a prestigious project for the construction and development of additional infrastructure at the Indian Institute of Information Technology (IIIT), Nagpur. " With an estimated project cost of Rs 75 crore, this endeavour marks a significant step forward in enhancing the educational facilities at IIIT Nagpur, located approximately 25 kilometres from the city. Following the successful completion of Phase I, which included an Academic Block (G+5), an Admin Block (G+2), a Hostel Block (G+10) and a Residential Block (G+11), the institute is now ready to expand its infrastructure further. The upcoming Phase II will encompass the construction of an Academic Block B, alongside essential external development work and associated electrical and mechanical services. Additionally, the project will .

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The state-owned NBCC on Tuesday moved the Supreme Court seeking to develop and complete embattled realty major Supertech Limited's 17 stalled or partially built projects where around 27,000 hassled home buyers are stuck for years. These 17 projects were launched in the National Capital Region, Dehradun and Bengaluru but completion of the residential units was hit due to financial crisis faced by the realty major which led to insolvency proceedings since 2021. A bench of Justices Sanjiv Khanna and Sanjay Kumar was told by advocate ML Lahoty, appearing for the hassled home buyers, that the National Buildings Construction Corporation Ltd (NBCC) has come forward with a proposal to complete these stalled projects having around 51,000 residential units. Senior advocate Gopal Jain, appearing for NBCC, said the public sector undertaking has filed an intervention application in a matter related to insolvency proceedings of Supertech Ltd to develop the stalled project on the lines of Amrapali

NBCC share price moved up by 2.52 per cent at Rs 178.50 per share on the BSE in Monday's intraday deals

State-owned NBCC (India) Ltd has signed an initial pact to develop a Rs 1,600-crore worth housing-cum-commercial project on a 14-acre land parcel owned by MTNL on Pankha Road in the national capital. In a statement on Thursday, NBCC said that it has signed a Memorandum of Understanding (MoU) with Mahanagar Telephone Nigam Ltd (MTNL) to collaborate and "develop a prominent land parcel of MTNL measuring approximately 13.88 acres located on Pankha Road, New Delhi." This project aims to transform the land into a state-of-the-art residential/ commercial space, leveraging the expertise and resources of both organizations. "The project is valued at Rs 1600 crore approximately," NBCC said. The MoU was signed in the presence of K P Mahadevaswamy, CMD, NBCC, A Robert J. Ravi, CMD, MTNL. MTNL, a leading public sector telecommunications company and NBCC, a Navratna enterprise under the Ministry of Housing & Urban Affairs, have committed to this development project. "NBCC will act as the ...

The uptick in NBCC share price came after the company announced that it has inked a memorandum of understanding (MoU) with MTNL for a project worth Rs 1,600 crore.

State-owned NBCC (India) Ltd on Saturday said the board has approved issue of bonus shares in a ratio of 1:2 to eligible shareholders and the company will utilise Rs 90 crore free reserve for this purpose. In a regulatory filing, the company informed that the board has approved issuance of bonus shares and fixation of record date. "The Board of Directors has recommended the issuance of bonus shares to the shareholders of the company in the ratio of 1:2 i.e. one new fully paid-up equity share of Rs 1 each for every two existing shares to the eligible members as on the record Date," the company said. The company proposes to issue 90 crore shares as bonus shares. "Free reserves of Rs 90 crore would be utilised for the issue of bonus Shares," the NBCC said. This is subject to the approval of the shareholders in the forthcoming Annual General Meeting. The Board has fixed October 7, 2024 as record date to determine the eligibility of members to receive bonus shares. NBCC is mainly int

State-owned NBCC (India) Ltd on Thursday said it has completed the sale of commercial properties worth around Rs 14,800 crore in the national capital on behalf of the government. In a regulatory filing, the company said it has completely sold office space inventory at World Trade Center (WTC) project in Nauroji Nagar. It has also sold 100 per cent retail and commercial space at Downtown Sarojini Nagar. On behalf of the government, NBCC is re-developing Nauroji Nagar, Sarojini Nagar, and Netaji Nagar, while CPWD is executing the other four colonies -- Kasturba Nagar, Thyagraj Nagar, Srinivaspuri, and Mohammadpur. The funds for the redevelopment of these seven colonies is being generated by NBCC through the sale of commercial space at Nauroji Nagar and Sarojini Nagar. Elaborating more, NBCC said in the WTC project at Nauroji Nagar, it has sold a total unsold inventory 1.81 lakh sq ft of commercial space for Rs 908.48 crore during the 27th e-auction. Of the total area sold, about 1.2

The uptick in NBCC share price came after the company announced, via two separate filings, that it has sold commercial spaces worth Rs 2,251 crore.