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NBCC (India) Ltd.

BSE: 534309 Sector: Infrastructure
NSE: NBCC ISIN Code: INE095N01023
BSE LIVE 15:46 | 18 Aug 208.10 1.00
(0.48%)
OPEN

207.10

HIGH

210.25

LOW

205.00

NSE 15:59 | 18 Aug 208.30 1.00
(0.48%)
OPEN

205.20

HIGH

210.20

LOW

204.80

OPEN 207.10
PREVIOUS CLOSE 207.10
VOLUME 114570
52-Week high 219.30
52-Week low 133.07
P/E 51.77
Mkt Cap.(Rs cr) 18,729
Buy Price 0.00
Buy Qty 0.00
Sell Price 208.10
Sell Qty 426.00
OPEN 207.10
CLOSE 207.10
VOLUME 114570
52-Week high 219.30
52-Week low 133.07
P/E 51.77
Mkt Cap.(Rs cr) 18,729
Buy Price 0.00
Buy Qty 0.00
Sell Price 208.10
Sell Qty 426.00

NBCC (India) Ltd. (NBCC) - Chairman Speech

Company chairman speech

Dear Shareholders

The country’s construction sector is poised to grow at 7-8% each year over thenext decade. The economic growth will pick up with the initiatives taken by the Governmentto remove barriers to foreign investment and plans to build 100 smart cities for managingthe high level of urbanization. States have been allotted with the number of cities thatcan be made smart. Cities those deserve funding will be controlled by an apex committeewhile other modalities will be chalked out by the state by involving citizen groupsthrough a consultative process. Several countries are willing to give technical supportand have shown their interest with regard to joining smart cities projects through PPP.The Hon’ble Union Urban Development Minister has expressed involvement by them in abig way because smart cities require huge investment which will come from internal aswell as external sources.

Financial Performance

I would like to share with you that performance of your Company has not been impactedby the industry’s trend in the past partially due to its unique business operationswhich are spread in the areas of project management & consultancy infrastructure andreal estate and also attributed to its internal strengths in delivering quality and timelycompletion of projects. NBCC has been able to put up yet once again encouragingperformance during the financial year 2014-15. In comparison to previous year financialresults the total income increased by 14.84% from Rs.4070.10 crore to Rs.4674.14 croreand the profit after tax surged by 8.09% from Rs.257.45 crore to Rs.278.28 crore and theCompany has therefore recommended a dividend of 55% for the financial year 2014-15.

Order Book Position

Your Company procured new business of the order of Rs.7012.96 crore during thefinancial year 2014-15 and thus managed to build up a strong closing order book positionat Rs.18181.18 crore.

Business Initiatives

NBCC having an established brand name significant experience proven track record& industry knowledge and technical expertise would look forward to capitalize ongrowth opportunities and participate in the construction and development of residentialand commercial properties low cost and affordable housing and provide green buildingsolutions sustainable & environmentally friendly solutions urban water & sewagetreatment for the planned smart cities. Here I would also like to draw reference to theMoUs executed by your Company with the Delhi Development Authority for Construction of‘East Delhi Hub’ and ‘Sanjay Lake View’ projects on Transit OrientedDevelopment (TOD) norms and Smart City concept in Delhi. The transit- oriented developmentpolicy involve development on both sides of the mass rapid transport system on 3Dscharacteristics high density diversity of real estate formats and distance from themetro.

Apart from new business opportunities offered through establishment of smart cities anddevelopment on transit oriented norms your Company has taken several other initiativesboth within and outside the country. These include execution of MoUs with Air India;NAWADCO; IITs at Roorkee & Kanpur; and CPWD. Towards promotion of technicalcollaboration execution of infrastructure projects and tap consultancy service marketabroad NBCC has signed MoUs with foreign entities viz. Al Naba Services LLC; Sultanateof Oman; Construction Industry Development Board Holdings Sdn. Bhd. Malaysia; and FormYapi Malzemeleri Insaat Samayi Ticaret Ltd Turkey.

Re-development of General Pool Residential Accommodation (GPRA) successfully by NBCC onself financing basis earlier at New Moti Bagh New Delhi has paid dividends. WhileRe-development of GPRA at East Kidwai Nagar New Delhi on similar pattern is presently inprogress three more re-development works of old government colonies at Kasturba NagarThyagraj Nagar and Netaji Nagar in the capital have already been allocated by theGovernment. In addition Government is also considering to entrust re-development works ofthree other government colonies to your Company. These re-development works havecompletely altered the way the government accommodation had been perceived in the pastbesides it has been able to provide sustainable growth potential to the Company.

Your Company the only Government corporate body in the real estate sector having landbank of 132 acres at different locations in the country will continue to focus onaffordable housing and building aesthetically designed commercial properties encompassinggreen building compliant features. Development of these land holdings in a phased mannerwill be a continuous source of growth and steady income ahead.

Further endeavors are being made by your company with the Ministry of Heavy Industriesand concerned departments to associate in the process of conversion of idle/surplus landowned by sick and other CPSUs into gainful assets and source of revenue generation.

R&D And Technology Up-gradation

Your Company has set up a centre of Innovation and R&D in July 2014 as a wellthought out plan to address certain demanding issues related to construction withreference to adoption of new technology eco friendly green building materials forsustainable safe faster cost effective and quality construction.

MOU between NBCC and IIT Roorkee has been executed to open a Joint Research andDevelopment Centre for sustainable civil infrastructure at IIT Roorkee.

Corporate Social Responsibility(CSR) & Sustainability

Business strategy of your company is modeled to look beyond professional matrices andfocus on other intangible assets like value addition in terms of improved efficiencyenvironmental protection community development women empowerment etc. CSR is not justobeying the laws but much more beyond that. Your Company has volunteered in theup-liftment of the society and community development. Active involvement in many socialprograms to promote cleanliness education skill development public utility schemes onsocio economic growth is being encouraged. Your company has been conferred with a SwachhBharat Ratna Award-2015.

Construction Conclave

NBCC National Construction Conclave to congregate best minds in the constructionindustry for a unique deliberations on the way to achieve sustainable infrastructuredevelopment was organised in which Late Dr. A P J Abdul Kalam Former President of Indiadelivered a key note address on the occasion.

Corporate Governance

In alignment with the corporate objective to be the first ranked construction companyin the country the corporate governance framework in your company ensures timelydisclosures and share accurate information effective decision making transparency inbusiness transactions statutory and legal compliances and carrying business in ethicalmanner to retain the trust of all stakeholders.

Acknowledgements

I express my sincere gratitude for the whole hearted support and able guidance providedto the company by my colleagues on the Board of Directors various ministries and othergovernment departments. Further I am thankful to the esteemed shareholders clients andcontractors for their support confidence and trust reposed in affairs of the company.

I am also thankful to all the dedicated employees of the company without whose supportit would not have been possible to achieve the current level of performance and wish fortheir continued support in future as well.

Sd/-Dr. Anoop Kumar Mittal

Chairman-cum-Managing Director