Page 3 - Nbcc (india)

NBCC gets Rs 218 crore order from National Institute of Fashion Technology

The nature of work order is project management consultancy (PMC) on a deposit work basis

NBCC sells commercial space for Rs 905 cr in Delhi's World Trade Centre

State-owned NBCC (India) Ltd has sold 2.23 lakh square feet of commercial space for Rs 905 crore in the World Trade Centre project at Nauroji Nagar in the national capital. In a statement, NBCC said it has conducted the 22nd auction for the sale of commercial space in the World Trade Centre. "The company has sold a total unsold commercial inventory of 2.23 lakh square feet (approx) having a sale value of Rs 905.01 crore, out of which 0.43 lakh square feet area having sale value of Rs 191.84 crore has been sold to private entities," it added. As of date, the company has sold a total unsold commercial inventory of 23.92 lakh square feet through open e-auction, having a sale value of Rs 9,656.62 crore. The Ministry of Housing and Urban Affairs has appointed NBCC, a Navratna company, as the implementing agency for the redevelopment of Nauroji Nagar, New Delhi. NBCC is authorised to market the commercial space on a freehold basis. NBCC is mainly into PMC (project management consultancy

NBCC Q2 net profit falls 16% on provisioning for loss in Gurugram project

State-owned NBCC (India) Ltd has reported a 16 per cent decline in its consolidated net profit to Rs 81.90 crore for the second quarter of this fiscal due to provisioning for expected loss in a Gurugram housing project. Its net profit stood at Rs 97.72 crore in the year-ago period. The total income, however, rose to Rs 2,129.09 crore during the July-September period of 2023-24 from Rs 2073.89 crore in the corresponding period of the previous year, a regulatory filing said on Thursday. The company's consolidated net profit increased to Rs 159.31 crore in the September 2023 quarter against Rs 92.87 crore in the year-ago period. Its total income rose to Rs 4,094.90 crore in the first six months of this fiscal from Rs 3,927.13 crore in the corresponding period of the previous year. A preferred partner of the government for infrastructure projects, NBCC's 93.22 per cent of business revenue comes from the PMC (project management consultancy) segment and redevelopment works on a consolid

Stocks to Watch today, Sep 28: Adani Ports, Apollo Hosp, NBCC, Zee, KEC

Stocks to watch on Thursday, September 28 2023: Telecom stocks too may see some action after Trai data for July showed considerable new subscriber additions for Jio and Airtel; and loss of market shar

NBCC soars 13%, hits 52-week high on Rs 180-cr order win, MoU with govt

NBCC (India), on Wednesday, signed a quadripartite memorandum of understanding (MoU) with Ministry of Steel, Rashtriya Ispat Nigam Limited (RINL), and National Land Monetisation Corp. Ltd. (NLMC)

NBCC (India) Q4 results: Net profit rises 205% to Rs 108 cr, revenue up 14%

The company's revenue from operation rose by 14.28 per cent to Rs 2,790 crore for the March quarter as compared to Rs 2,441 crore in the year-ago period

ICICI Bank, HUL, ITC help lift Sensex 177 pts, Nifty above 18,600; PSBs dip

CLOSING BELL: The S&P BSE Sensex hit a fresh life-time high at 62,887, and the Nifty 50 registered a new summit at 18,678 on Tuesday.

Hardeep Singh Puri NBCC to equip itself to maximise its opportunities

Puri has urged public sector construction company NBCC to equip itself to maximise its opportunities by building the appropriate capacities, and bidding and winning contracts on its own merit

Amrapali homebuyers urged to form association to take over project upkeep

The court received requested the Amrapali unit owners to step forward as neither NBCC nor the contractor will oversee the project's maintenance

NBCC Q2 profit rises 68% to Rs 72 cr; revenue up at Rs 1,961 cr

State-owned construction firm NBCC on Friday reported a 68 per cent rise in its consolidated net profit to Rs 72.03 crore for the second quarter ended September 30. The company had posted a net profit of Rs 42.80 crore in the year-ago period. The total income rose to Rs 1,960.91 crore in the second quarter of this fiscal from Rs 1,426.27 crore in the year-ago period, according to a regulatory filing. Delhi-based NBCC had posted a net profit of Rs 221.80 crore over a turnover of Rs 7,012.35 crore for the entire 2020-21 financial year. NBCC is engaged in project management consultancy (PMC) and real estate businesses.

SPV of state-run firms may be tasked to redevelop land bank with sick PSUs

The govt may rope in state-run developers such as NBCC (India) to maximise value from the sale of sick and loss-making PSUs that failed to generate suitable investor in the initial round of bidding

Banks show interest in funding stalled projects of Amrapali group: NBCC

State-owned NBCC Ltd on Tuesday said that banks have shown interest in providing funds to complete the stalled projects of defunct Amrapali group. On July 23, 2019, the Supreme Court ordered cancellation of the registration of Amrapali Group under real estate law RERA. The court had directed NBCC to complete the stalled projects of the group. In a statement, NBCC said that the monitoring committee appointed by the Supreme Court convened a meeting on Monday with nationalised and private banks to discuss the financing for Amrapali Projects. NBCC's Executive Director was present in the meeting. "Post MoU signing of Ld Court Receiver with SBICAP Ventures Ltd for funding 6 Amrapali Projects at Noida and Greater Noida last week, other reputed banks have shown interest in funding the stalled Amrapali Projects," NBCC said in a statement. More than 42,000 homebuyers, who have been waiting for possession of their dream homes, will be benefited by this progressive initiative, it ...

Voting on Suraksha offer for Jaypee Infra deferred; bidders get more time

Committee of Creditors gives Suraksha and NBCC India seven days to file revised bids.

CoC to review NBCC offer for Jaypee Infra on Monday before vote on Suraksha

Homeowners, Suraksha cry foul; say move illegal as per SC order

NBCC bags a contract worth about Rs 597 crore in Uttarakhand

State-owned construction firm NBCC (India) Ltd said it has bagged a contract worth about Rs 597 crore in Uttarakhand

State-owned NBCC business bags orders worth Rs 1,165 crore in October

State-owned construction firm NBCC (India) said it has bagged business orders worth Rs 1,165.52 crore last month

Committee on Public Undertakings to examine AAI, NBCC among others

11 issues have been chosen for Comprehensive Examination, eight for horizontal study and five subjects for audit based purposes

NBCC India bags two project orders worth Rs 204 crore in Seychelles

In a regulatory filing, NBCC (India) Limited informed that it has received two orders on PMC (Project Management Consultant) basis

NBCC up 11% despite a 68% fall in standalone net profit for March quarter

Sales declined 33.29 per cent to Rs 1,569.57 crore as against Rs 2,353 crore in the corresponding quarter of the previous fiscal.

NBCC has over Rs 1,660 crore dues towards its vendors: Ministry of Housing

The disclosure comes at a time when it is a top contender to takeover and complete major stalled projects, including Jaypee Infratech, and has the mandate to complete the stalled projects of Amrapali