Page 2 - Nbcc

NBCC rallies 4% after arm bags Rs 411 cr order; stock up 38% in six months

The rise in the NBCC share price came after the State-owned company announced that its arm, HSCC (India) Limited, has secured an order worth Rs 411.45 crore.

NBCC gets Rs 70 cr contract from Grid-India for interior works in office

State-owned NBCC (India) Ltd has bagged a Rs 70 crore project from Grid Controller of India for executing interior works in new corporate office in the national capital. In a statement, NBCC said it has inked a memorandum of understanding with Grid Controller of India Ltd (Grid-India) for execution of interior, fit outs and other associated infrastructure works for their new corporate office at Ayurvigyan Nagar, New Delhi. "The tentative value of works to be executed under this MoU is approximately Rs 70 crore," it added. The MoU was signed by Alok Kumar, Senior General Manager, Grid-India and Mudit Bhatnagar, CGM (Engg), NBCC in the presence of S R Narasimhan, CMD, Grid-India; K P Mahadevaswamy, CMD, NBCC; B K Sokhey, Director (Finance), NBCC; Saleem Ahmad, Director (Projects), NBCC and other senior officials from both organizations. Earlier, Grid-India, which is responsible for National Load Dispatch, had purchased this new office of around 61,000 sq ft from NBCC at approximatel

NBCC bags Rs 100 cr from Oil India to build core repository in Guwahati

State-owned NBCC (India) Limited has bagged a Rs 100 crore contract from Oil India to construct a centralised core repository with advanced laboratory facilities at Guwahati in Assam. In a statement on Wednesday, NBCC said it has inked a Memorandum of Understanding (MoU) with Oil India for the construction of a centralised core repository with advanced laboratory facilities at Guwahati in Assam. "This work is valued at Rs 100 crore approximately," it added. The MoU was signed by SalomaYomdo, ED (E&D), OIL and Pradeep Sharma, ED (Engg.), NBCC in the presence of Ranjit Rath, CMD, OIL, K P Mahadevaswamy, CMD, NBCC, Saleem Ahmad, Director (Projects), NBCC and other senior-level officials from both the organisation. NBCC and OIL are also in the final stages of discussion for undertaking various other works, such as the execution of a hospital, group housing, guest house, installation of solar rooftop panels etc. in Assam. "The anticipated value of these works is Rs 900 crore ...

848 stocks hit lower circuit on June 4 post LS polls. Here is what it means

BHEL, Bharat Electronics, Adani Ports and Special Economic Zone, REC, Power Finance Corporation (PFC) from the future & option (F&O) segment stocks tanked 25 per cent

This construction company's stock has climbed 229% in one year; here's why

The State-owned company's profit rose 24.6 per cent on a year-on-year (Y-o-Y) basis to Rs 141.5 crore in the March quarter of financial year 2024 (Q4FY24)

NBCC Ltd Q4 results: Consolidated net profit rises 26% to Rs 136 crore

State-owned construction firm NBCC Ltd on Tuesday reported a 26 per cent growth in its consolidated net profit to Rs 136.08 crore for the quarter ended March 2024. Its net profit stood at Rs 108.4 crore in the year-ago period. Income from operations rose to Rs 4,024.5 crore in the fourth quarter of the last fiscal as compared to Rs 2,813.35 crore in the corresponding period of the previous year, according to a regulatory filing. During the 2023-24 fiscal, net profit rose to Rs 401.55 crore from Rs 266.66 crore in the preceding year. Income from operations grew to Rs 10,432.63 crore in the last fiscal as against Rs 8876.36 crore in the 2022-23 fiscal. NBCC is into project management consultancy (PMC) and real estate business.

Stocks to watch on May 9: HG Infra, Piramal Ent, BSE, NBCC, SKF India

Stocks to watch on May 9, 2024: HG Infra reported its Q4 earnings with a net profit increase of 11.2 per cent at Rs 190 crore compared to Rs 170.9 crore in the previous year

NBCC secures new work orders worth Rs 23,500 crore in 2023-24 fiscal

State-owned construction firm NBCC Ltd on Tuesday said it secured projects worth Rs 23,500 crore during the last fiscal year. In a statement, NBCC said it has secured significant business during 2023-24 financial year. The company "has secured record new works of Rs 23,500 crore on consolidated basis and Rs 18,400 crore on standalone basis, as compared to Rs 6,700 crore (consolidated basis) and Rs 4,225 crore (standalone basis) in preceding fiscal." Among the major orders received in 2023-24, NBCC said it has got additional FAR (floor area ratio) works in Amrapali worth about Rs 10,000 crore. NBCC Chairman and Managing Director K P Mahadevaswamy emphasised the company's strength in the construction and infrastructure domain, particularly in redevelopment and land monetisation endeavours. "With a robust order book and a strategic focus on redevelopment and land monetisation, NBCC is well-positioned to not only sustain but also incrementally elevate its growth trajectory, propelling

NBCC planning to set up its own NBFC to help save over $100 million

The Indian government owns infrastructure financial institutions but no other state-run company has created a unit to help it finance projects

NBCC sells 480,000 sq ft commercial space in South Delhi for Rs 1,905 crore

State-owned construction firm NBCC (India) on Wednesday said it has sold 4.8 lakh square feet of commercial space in South Delhi for Rs 1,905 crore on behalf of the government. In the 25th e-auction for commercial space at World Trade Centre (WTC) in Nauroji Nagar here, NBCC achieved the highest sale realization till date with the sale of 4.8 lakh square feet of commercial space for Rs 1,905 crore. "Power Finance Corporation Ltd, Security Printing and Minting Corporation of India Ltd and Solar Energy Corporation of India Ltd are the major organisations who bought space during this e-auction," it added. Out of the total area sold, around 4.38 lakh square feet having a sale value of about Rs 1,740 crore has been sold to public sector units (PSUs). The total number of successful bidders was five, out of which three were PSU bidders and two private entities. As on date, NBCC has sold a total commercial space of over 30 lakh square feet through 25 e-auctions having a sale value of over

NBCC gets nod from Greater Noida Authority to build five Amrapali projects

The approval is for the development of unused and purchasable floor area ratio (FAR) "in furtherance of existing projects of Amrapali valuing approximately Rs 10,000 crore," the company said

NBCC bags Rs 560 cr contract to construct permanent campus of NIT, Sikkim

State-owned NBCC on Tuesday said it has bagged a contract worth Rs 560 crore to construct a permanent campus of the National Institute of Technology, Sikkim. In a regulatory filing, NBCC informed that it has bagged a contract for the construction of the permanent campus of NIT Sikkim at Dung dung Khamdong, Gangtok, Sikkim. The size of the contract is Rs 560 crore. NBCC is mainly into project management consultancy (PMC) and real estate.

NBCC bags housing redevelopment project for MEA worth Rs 262 crore

State-owned NBCC Ltd on Thursday said it has bagged a Rs 262 crore project to redevelop Ministry of External Affairs Housing in the national capital. In a statement, NBCC said the "Bhoomi Poojan Ceremony" for the redevelopment of Ministry of External Affairs Housing at KG Marg took place on February 14, 2024. Y K Sailas Thangal, Joint Secretary in MEA; Nidhi Anand, Senior Architect, MEA and K P Mahadevaswamy, CMD, NBCC, among others attended the event. "With a project value of approximately Rs 261.70 crore, NBCC has been entrusted with the execution of this transformative endeavour. The scope of work includes construction of 54 Type-VI Quarters, 18 Type-IV Quarters, and 18 Transit Quarters...," NBCC said. This initiative reaffirms the commitment of both MEA and NBCC to enhance infrastructure and create conducive living environment for its residents. NBCC is into Project Management Consultancy (PMC) and real estate business.

IRFC, NBCC, SJVN, BHEL: PSU stocks are on fire; analysts see more headroom

The S&P BSE PSU index has gained over 90 per cent in the last one year, rising much higher than the S&P BSE Sensex that has surged nearly 19 per cent during this period, show ACE Equity data

NBCC gets Rs 218 crore order from National Institute of Fashion Technology

The nature of work order is project management consultancy (PMC) on a deposit work basis

State-owned NBCC bags Rs 89 cr order from DMRC to construct staff quarters

State-owned NBCC on Friday said it has bagged a contract worth Rs 89 crore from the Delhi Metro Rail Corporation Ltd (DMRC) to construct staff quarter residential building for the Bhubaneswar metro rail project. NBCC has been engaged for the construction of a staff quarter residential building by DMRC as Project Management Consultant (PMC), the company said in a statement. The total cost of the work is Rs 88.90 crore. Earlier this year, an MoU was signed between DMRC and NBCC to work together in the field of infrastructure development in India and abroad. NBCC (India) Ltd is a Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company has been listed with National Stock Exchange (NSE) and BSE since 2012. The company is mainly into PMC and real estate business.

State-owned NBCC sells 5,000 flats of Amrapali Group for Rs 2,900 crore

State-owned NBCC on Tuesday announced sales of 5,000 units for Rs 2,900 crore across several residential projects of 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. "In a step towards the resolution of the stuck Amrapali project, NBCC has completed the sale of 5,000 flats having a value of around Rs 2,900 crore. This is a significant step towards delivering relief to the thousands of purchasers who have been waiting for years for their apartments," the company said in a statement. With this, the company has completed the sale of over 80 per cent of the inventory available. The sale of these 5,000 units has been conducted by ASPIRE, a company floated to complete the pending Amrapali projects, under the supervision of the Supreme Court-appointed court receiver. According to NBCC, there were 46,575 apartments

State-owned NBCC bags Rs 1,500 cr project management consultancy contract

State-owned NBCC has bagged a Rs 1,500 crore project management consultancy contract for construction of 1,469 warehouses and other infrastructure related to the agriculture sector. In a regulatory filing, NBCC said it has bagged the work order from National Cooperative Development Corporation (NCDC) and Primary Agriculture Cooperative Society (PACS) in various states. The cope of work is "construction of 1,469 nos. warehouses and other agri infrastructure under the World's Largest Grain Storage Plan in cooperative sector at various locations across India", it said. In may this year, the Union Cabinet approved the constitution and empowerment of an inter-ministerial committee for facilitation of the "World's Largest Grain Storage Plan in Cooperative Sector" by convergence of various schemes of the Ministry of Agriculture, Ministry of Consumer Affairs, Food and Public Distribution and Ministry of Food Processing Industries.

NBCC sells nearly 400,000 sq ft commercial space in Delhi for Rs 1,558 cr

State-owned construction firm NBCC (India) Ltd on Friday said it has sold nearly 4 lakh square feet of commercial space at the World Trade Centre in Nauroji Nagar, South Delhi for Rs 1,557.51 crore through an auction. NBCC conducted 21st auction for the sale of commercial space in the World Trade Centre, Nauroji Nagar. "The company has sold a total unsold commercial inventory of 3.91 lakh sq. ft. (approx) having sale value of Rs 1,557.51 crore," NBCC said in a statement. Out of the total area sold, 2.97 lakh square feet having sale value of Rs 1,183.7 crore has been sold to private entities. "This is the highest sale realisation in a single auction since the launch of WTC, New Delhi in 2017," the company said. So far, NBCC has sold a total unsold commercial inventory of 21.7 lakh square feet through open e-auction having sale value of Rs 8,751.61 crore. Housing and Urban Affairs ministry has appointed NBCC as implementing agency for re-development of Nauroji Nagar. NBCC is author

Stock of this PSU civil construction company zoomed over 60% in 3 months

Share of NBCC (India) hit over 5-year high at Rs 69.90, as they rallied 8 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market on back of heavy volumes.