NBCC sets up new subsidiary in Oman

State-run NBCC today said it has incorporated a subsidiary in Oman to carry out commercial construction activities.
It has 70 per cent stake in 'NBCC Gulf LLC' and 30 per cent is held by 'Al Naba Holding LLC' - a leading business group in Oman, NBCC said in a regulatory filing.
NBCC Gulf LLC is established to carry out commercial construction activities of buildings, roads, airport, harbour, water sewerage and electricity network in Oman, the filing added.
The company also has a wholly owned subsidiary NBCC Services Ltd. NSL provides logistic support, manpower, or services of all kinds to government or body corporate.

It also acts as execution and implementation agency to undertake corporate social responsibilities projects and heritage building restoration work on behalf of its own or for government.
In July, the company secured total business amounting about Rs 540.81 Cr from various clients.
NBCC is a 'Navratna' PSU and mainly deals in project management consultancy (PMC), real estate development and EPC contracting.
PMC segment contributes about 70 per cent to its annual revenue.