Page 5 - Nbcc

Construction firm NBCC posts Rs 45.61 crore profit in Sept quarter

State-owned construction firm NBCC on Wednesday reported a consolidated net profit of Rs 45.61 crore for the quarter ended September. The company had posted a net loss of Rs 90.91 crore in the year-ago period. Total income stood at Rs 1,426.27 crore in the second quarter of this fiscal year as against Rs 1,720.46 crore in the corresponding period of the previous year, according to a regulatory filing. The board also decided to close NBCC Engineering & Consultancy Limited, a wholly-owned subsidiary company of NBCC, through Winding-up. It also approved the closure of NBCC Gulf LLC, a foreign subsidiary company of NBCC, through liqui00dation, the filing said.

NBCC slips 3% as consolidated profit for June quarter plunges 88% YoY

NBCC's sales for the quarter declined 64.10 per cent to Rs 676.95 crore.

NBCC Q4 net profit down 41% at Rs 83.77 cr, total income drops Rs 2,651 cr

Its net profit stood at Rs 142.45 crore in the year-ago period, the company said in a regulatory filing

NBCC signs MoU with Election Commission to build office building at Dwarka

State-owned firm NBCC has bagged Rs 150 crore project from Election Commission of India to design and construct an office building at Dwarka in the national capital

Jaypee Infratech's chief financial officer Pramod Kumar Aggarwal resigns

IMC formed pursuant to directions of NCLAT had requested Aggarwal to continue till July 31, 2020, for smooth functioning/transition

NBCC India bags two project orders worth Rs 204 crore in Seychelles

In a regulatory filing, NBCC (India) Limited informed that it has received two orders on PMC (Project Management Consultant) basis

NBCC: Weak margins, muted pace of real estate monetisation key overhangs

The stock has already corrected by almost half in the last one year (a third since January highs). But, as the outlook remains weak, it could continue to lag

Allow banks to release sanctioned loans to Amrapali homebuyers: SC to RBI

A bench headed by Justice Arun Mishra issued the directions after observing that the construction of the housing projects had come to a standstill due to lack of funds

NCLT approves NBCC's resolution plan for Jaypee Infratech with some tweaks

NBCC has proposed to complete over 20,000 flats in the next three-and-a-half years

NBCC gets NCLT nod to acquire Jaypee Infratech through insolvency process

In its hearing on Tuesday, the Principal bench of NCLT,headed by Acting President B S V Prakash Kumar, gave a go-ahead to the resolution plan of NBCC

Jaypee Infra's IRP approaches NCLT Allahabad for approval of NBCC's bid

Last month, NBCC won the bid to acquire Jaypee Infratech after financial creditors, including lenders and homebuyers, approved its resolution plan

NBCC bags Rs 1,393 cr 'East Delhi Hub' project, Rs 200 cr order from OTPCL

The scope of work includes master planning of the entire project and construction of 1,600 residential units, external amenities, infrastructure services and other developmental works

Most homebuyers, some lenders vote for NBCC's bid to acquire Jaypee Infra

This is the third round of bidding process, initiated on the direction of the apex court.

Jaypee homebuyers' body urges lenders, flat owners to vote for NBCC bid

This is the third round of bidding process, which has been initiated on the direction of the apex court.

Jaypee Infra lenders to put bids of NBCC, Suraksha on vote simultaneously

Anuj Jain was appointed as an interim resolution professional (IRP) to conduct insolvency process and also manage the affairs of the company.

Jaypee Infra: Suraksha may offer higher compensation to buyers, lenders

NBCC Ltd is also actively considering offering more land to lenders and reduce timeline for completion of about 20,000 flat

Jaypee Infra insolvency: NBCC may offer more land to lenders in final bid

For homebuyers, NBCC is looking to reduce the deadline for completing pending flats from four years timeline proposed in the bid submitted on November 17

Jaypee Infratech lenders ask NBCC, Suraksha Group to sweeten takeover bids

The Committee of Jaypee Creditors met NBBC and Suraksha representatives for several hours to discuss threadbare their takeover offers, before asking them to further revise the bids, say sources

NBCC's rise depends on project execution, analysts slash FY20 estimates

With redevelopment projects suffering, it is not surprising that the company's profitability is dented

Homebuyers seek further talks on NBCC's revised bid for Jaypee infra

Homebuyers of Jaypee Infratech want NBCC to acquire the debt-laden firm in an ongoing insolvency process and have asked their representative in a panel of creditors to further negotiate on the bid submitted by the state-owned firm. P&A Law Offices, which represents and advises nine registered homebuyers associations, has written a letter to Kuldeep Verma, who is an authorised representative of homebuyers in a committee of creditors (CoC). "The homebuyers unequivocally wish that NBCC should take over the JIL (Jaypee Infratech Ltd)....You are hereby instructed to endeavour to negotiate with NBCC so that its revised bid can be voted upon first," the letter said. The law firm pointed out that the bid of Suraksha Realty, which is also in the race to acquire JIL, could be first put for voting process as per the current result of evaluation of resolutions plans of the two contenders. While negotiating with the NBCC, homebuyers have asked their representative Verma to ensure claim for ...