Page 3 - Nbcc

NBCC bags Rs 66 cr order from Indian Medical Association to plan IMA House

State-owned construction firm NBCC has received a Rs 66 crore order from the Indian Medical Association to plan and execute IMA House in the national capital. In a regulatory filing on Monday, NBCC said it bagged a project management consultancy work order worth Rs 66.32 crore from the Indian Medical Association (IMA). The scope of the order is "planning, designing and execution of IMA House" at Indraprastha, IP Estate, New Delhi. The contract is to be completed within 30 months. NBCC is mainly into project management consultancy and real estate businesses.

NBCC sells commercial space worth Rs 821 crore in Delhi via auction

State-owned construction firm NBCC (India) Ltd has sold commercial properties worth Rs 821 crore at Nauroji Nagar in the national capital through an auction. In a statement on Wednesday, NBCC said it has conducted 20th auction for the sale of commercial space in the World Trade Centre, Nauroji Nagar, New Delhi. "The company has sold 1.98 lakh sq ft built-up area for Rs 821.02 crore, out of which 1.23 lakh sq ft area having sale value of Rs 518.08 crore has been sold to private entities," it added. "Further, as on date the company has sold 17.79 lakh sq ft through open e-auction having sale value of Rs 7,194.10 crore," NBCC said.

DMRC, NBCC to work together in infrastructure development in India, abroad

The DMRC and public sector undertaking NBCC have joined hands to work together in the field of infrastructure development in India and abroad, officials said on Monday. This was announced by the Delhi Metro Rail Corporation (DMRC) in a post on X. "A Memorandum of Understanding (MoU) was signed today between DMRC and NBCC (India) Limited to work together in the field of infrastructure development in India and abroad," it posted.

NBCC posts Rs 77.41 cr profit in Q1, total income rises to Rs 1,965 cr

State-owned NBCC Ltd has posted a consolidated net profit of Rs 77.41 crore in the first quarter of this fiscal year. The company had posted a net loss of Rs 4.84 crore in the year-ago period. Total income increased to Rs 1,965.80 crore during April-June quarter of 2023-24 financial year, from Rs 1,853.24 crore in the corresponding period of the previous year, according to a regulatory filing on Thursday. NBCC is into project management consultancy (PMC) and real estate businesses. NBCC said in a statement that 94.6 per cent of business revenue comes under PMC segment and redevelopment works.

Stocks to Watch: Tata Motors, HCL Tech, Ultratech, NBCC, Mastek, Tata Comm

Stocks to Watch today: Jaguar Land Rover, the luxury automotive subsidiary of Tata Motors, said it will invest £15 billion (Rs 1.53 lakh crore) over the next five years for an electric-first future

NBCC inks MoU with SIDBI for development work of their properties

State-owned NBCC (India) Ltd on Wednesday said it has signed a memorandum of understanding with SIDBI for development work of their properties across India. The MoU (memorandum of understanding) was inked by Pradeep Sharma, CGM (Engg) at NBCC, and Manas Ranjan Hati, DGM at SIDBI, in presence of senior officials from both the sides, the company said in a statement. NBCC is into project management consultancy and real estate development businesses.

Stocks to Watch: Wipro, Reliance, Ajanta Pharma, Infosys, IRB Infra, REC

Stocks to Watch: RIL arm Reliance Polyester has completed acquisition of polyester business of Shubhalakshmi Polyesters & Shubhlaxmi Polytex

Stocks to Watch: HCL Tech, Lupin, Fusion Micro Fin, Five-Star, NBCC, PNB

Stocks to Watch Today: Newly listed Fusion Micro Finance and Five-Star Business are likely to be in focus on the back of strong Q2 performance reported by the companies.

NBCC gets Rs 271 cr order in stalled projects of erstwhile Amrapali Group

State-owned construction firm NBCC (India) Ltd on Monday said it has got work orders worth Rs 271.62 crore in projects of erstwhile realty firm Amrapali Group. In a regulatory filing, the company informed that it has got an order of Rs 42.44 crore for construction of balance works /left out works of Amrapali corporate Hub at IMT Manesar, Gurugram in Haryana. NBCC got an another order of Rs 229.18 crore for "special repair and up-gradation works of civil, electrical, mechanical and plumbing along with all allied works required due to lack of comprehensive maintenance of Amrapali Projects at Noida & Greater Noida". The order value mentioned is including of PMC (project management consultancy) charge and excluding of GST. NBCC has undertaken the completion of many residential projects in Noida and Greater Noida under the aegis of Amrapali Stalled Projects and Investment Reconstruction Establishment (ASPIRE) and supervision of the Supreme Court. NBCC shares closed marginally down by .

Top housing projects going nowhere; litigation, funding major issues

Nearly 500,000 homes, worth Rs 4.48 trillion, were stuck in seven metro markets in the country as things stood at the end of May, according to Anarock Property Consultants

CBI files corruption case against officials of Delhi Jal Board, NBCC

Case was filed for allegedly favouring an ineligible private firm in a contract worth Rs 38 cr for supply, installation, testing, commissioning of electromagnetic flow meters, officials said Saturday.

All Amrapali housing projects are safe, NBCC tells Supreme Court

NBCC informed the Supreme Court that there is no problem with the structural safety of Amrapali projects and it has appointed VNIT Nagpur and NIT Jalandhar to carry out the structural audit.

Ambuja Cements, Nuvoco Vistas gain up to 6% on heavy volumes; here's why

Shares of state-owned construction & engineering company NBCC (India), meanwhile, soared 13 per cent to Rs 39 on the BSE

NBCC assures SC about quality and structural safety of Amrapali projects

National Buildings Construction Corporation (NBCC) has assured the Supreme Court that the construction of stalled projects of Amrapali Group will be of good quality

Lenders expect to close Jaypee Infratech's debt resolution by March

Firm likely to go to Suraksha Realty, which made winning bid of Rs 7,736 crore as against govt-owned NBCC India's Rs 6,536 crore offer last June

Supreme Inds, Balrampur, NBCC gain up to 6% on F&O inclusion from Dec 31

he move expected to boost participation as investors and institutions can hedge underlying positions in the stock.

150 Amrapali home buyers to get flats on Diwali, Supreme Court told

Around 150 flats completed by NBCC in a stalled project since the real estate company ran into trouble will be given to them on the occasion of Diwali, the Supreme Court was informed on Monday

Stocks to watch: ZEEL, Info Edge, NBCC, Biocon, United Breweries, SJVN

State-owned power giant NTPC has bagged 1.9 GW solar projects in CPSU Scheme-II tender

NBCC Q1 consolidated net profit jumps over three-fold to Rs 37 crore

State-owned construction firm NBCC on Friday reported an over three-fold jump in its consolidated net profit at Rs 37.07 crore for the quarter ended June

Suraksha group may have to cross legal hurdles to take control of Jaypee

With Jaypee in its kitty, Suraksha will get highly visible assets such as the Noida-Agra Expressway and the land bank around the expressway, and 730-bed hospitals in Noida and Bulandshahr