NBCC expects 3 redevelopment projects worth Rs 25,000 cr

State-run NBCC is expecting three projects for redevelopment of the government properties worth about Rs 25,000 crore in the national capital.
The company's order book as of now stands at over Rs 35,000 crore and is likely to touch Rs Rs 60,000 crore in next few months, NBCC Chairman and Managing Director Anoop Mittal told reporters here.
Over the last year, National Buildings Construction Corporation (NBCC) has secured some big-ticket projects including redevelopment of exhibition centre of ITPO for Rs 2,149 crore and AIIMS redevelopment works project worth Rs 5,828 crore.
"..Very soon NBCC is likely to add to its kitty, three more works of redevelopment of government properties valuing approximately Rs 25,000 crore and located at Netaji Nagar, Sarojini Nagar and Nauraji Nagar in Delhi," Mittal said.

The company has reported six per cent increase in its consolidated net profit at Rs 141.48 crore and 40 per cent rise in income from operations to Rs 2,313.38 crore in the fourth quarter of last fiscal.
For the entire 2015-16 financial year, NBCC's net profit increased to Rs 311.13 crore and income from operations rose to Rs 5,838.27 crore.

National Buildings Construction Corporation (NBCC) is under the administrative control of Ministry of Urban Development and is present in three main segments -- Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.
Speaking about acquisition of Hindustan Steelworks Construction Ltd (HSCL), Mittal said this would allow the company to enter into the steel vertical where it has no presence at present.

He added that excess land parcels available with HSCL shall be conveniently monetised by the company to pay off the former's bank loans not covered by the government grant.
Mittal also said NBCC has been setting up toilets in various parts of the country under the government's Swachh Bharat Campaign.