Business Standard

NBCC MD warns employees of stern action against corruption


Press Trust of India New Delhi
State-owned construction firm NBCC's Managing Director P K Gupta on Monday warned company employees against any corrupt practices, days after the CBI arrested a top official for allegedly taking bribe.
The CBI last week arrested a top NBCC official for allegedly receiving a bribe of Rs 4 lakh for clearing bills worth over Rs 24 crore.
NBCC said in a statement that the company is observing vigilance awareness week starting Monday.
Gupta has "sent out a strong message to employees of the company against indulging in any sort of corrupt and unscrupulous activities while discharging their duties at work place or outside," NBCC said in a statement.
There would be no tolerance for any corrupt practices in NBCC or in the name of NBCC, said Gupta, who recently took charge as NBCC's MD.
NBCC India (Ltd) is a Navratna CPSE under the Ministry Of Housing and Urban Affairs (MoHUA).
The company operates in three main segments of project management consultancy, real estate development and EPC contracting.
With a growth of 21.63 per cent and turnover of Rs 7,141.60 crore last fiscal, NBCC said it has been growing with a consistent upward trajectory in the past five years.
The company has an order book of more than Rs 60,000 crore.

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 28 2019 | 6:10 PM IST

Explore News