NBCC bags Rs 3,200 cr project in Mumbai from finance ministry

Image
Press Trust of India New Delhi
Last Updated : Sep 20 2017 | 6:32 PM IST
State-owned construction firm NBCC Ltd today said it has bagged Rs 3,200 crore project from the union finance ministry to develop a residential-cum-office complex in Mumbai.
In a BSE filing, NBCC informed that it has got LOI (letter of intent) from Department of Customs and Excise for "planning, designing and construction of office complex and residential quarters at Wadala, Mumbai amounting to Rs 3,200 crore on self-revenue generation model".
NBCC has an order book of Rs 75,000 crore at present and hopes that the figure will reach to Rs 1 lakh crore soon.
The company, which is under the administrative control of Ministry of Housing and Urban Affairs, is present in three main segments - Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 20 2017 | 6:32 PM IST

Next Story