Page 2 - Nbcc

NBCC bags Rs 263 crore contract in Kanpur from Income Tax Department

State-owned NBCC has bagged a Rs 263-crore contract in Kanpur from the Income Tax Department. In a statement on Wednesday, NBCC (India) Limited said it has signed a Memorandum of Understanding (MoU) with the Income Tax Department for construction of "Pratyaksha Kar Bhawan" along with a residential complex and multi-story training unit set up at Kheora Bangar, Kanpur, Uttar Pradesh. The estimated value of the project is Rs 263 crore. The Pratyaksha Kar Bhawan will serve as a state-of-the-art office space for the Income Tax Department, enhancing administrative efficiency and providing modern facilities. Additionally, the residential complex will cater to the housing needs of the department's staff, with a variety of quarters designed to meet diverse accommodation requirements. The project is set to be completed within 30 months from the start date. NBCC said it has also been awarded work of demolition and comprehensive design engineering, construction and furnishing of four buildin

NBCC Q2 results: Net profit jumps 53% to Rs 125.13 cr on higher income

State-owned NBCC (India) Ltd on Wednesday reported a 53 per cent increase in its consolidated net profit at Rs 125.13 crore for the quarter ended September on higher income. Its net profit stood at Rs 81.90 crore in the year-ago period. Total income rose to Rs 2,525.95 crore during the second quarter of this fiscal from Rs 2,134.36 crore in the corresponding period of the preceding year, according to a regulatory filing. NBCC is into project management consultancy and real estate businesses.

HSCC gets Rs 1,322 cr worth work orders from ESIC for hospital construction

State-owned NBCC's arm HSCC (India) Ltd has bagged Rs 1,322.48 crore worth of contracts from Employees State Insurance Corporation to construct a hospital at Manesar in Haryana and build additional 500 beds at Faridabad. In a regulatory filing on Tuesday, NBCC informed that HSCC (India) Limited, its wholly-owned subsidiary, has bagged two contracts from Employees State Insurance Corporation with a combined value of Rs 1,322.48 crore. HSCC will construct additional 500 beds, with enhancement of bed strength from 650 to 1,150 beds, at ESIC Medical College and Hospital at Faridabad on a deposit mode basis. The value of the work is Rs 642.69 crore. It will also construct a 500-bedded ESIC Hospital at Manesar (Gurugram), Haryana on a deposit mode basis. The value of work order is Rs 679.79 crore. NBCC is into project management consultancy and real estate businesses.

NBCC arm gets Rs 1,000 crore contract to develop Gondwana University campus

State-owned NBCC said its arm Hindustan Steelworks Construction has bagged a Rs 1,000-crore contract to develop the campus of Gondwana University in Maharashtra. In a regulatory filing, NBCC said its subsidiary Hindustan Steelworks Construction Ltd has recently been awarded a Rs 1,000-crore contract to develop the campus of Gondwana University, Gadchiroli, Maharashtra. NBCC is mainly into project management consultancy and real estate businesses.

NBCC secures Rs 75 crore contract for IIIT Nagpur infra expansion

NBCC (India) Ltd has bagged a Rs 75 crore contract to build additional infrastructure at Indian Institute of Information Technology, Nagpur. The company said in a statement on Thursday it has "secured a prestigious project for the construction and development of additional infrastructure at the Indian Institute of Information Technology (IIIT), Nagpur. " With an estimated project cost of Rs 75 crore, this endeavour marks a significant step forward in enhancing the educational facilities at IIIT Nagpur, located approximately 25 kilometres from the city. Following the successful completion of Phase I, which included an Academic Block (G+5), an Admin Block (G+2), a Hostel Block (G+10) and a Residential Block (G+11), the institute is now ready to expand its infrastructure further. The upcoming Phase II will encompass the construction of an Academic Block B, alongside essential external development work and associated electrical and mechanical services. Additionally, the project will .

Stocks To Watch: Infosys, Car Trade, SBI, Vadilal, NBCC, TVS Holdings

Stocks to Watch: The finance ministry may amend its circular to provide relief to Infosys regarding a Rs 30,000 crore GST demand.

NBCC moves SC to complete stalled projects of realty major Supertech Ltd

The state-owned NBCC on Tuesday moved the Supreme Court seeking to develop and complete embattled realty major Supertech Limited's 17 stalled or partially built projects where around 27,000 hassled home buyers are stuck for years. These 17 projects were launched in the National Capital Region, Dehradun and Bengaluru but completion of the residential units was hit due to financial crisis faced by the realty major which led to insolvency proceedings since 2021. A bench of Justices Sanjiv Khanna and Sanjay Kumar was told by advocate ML Lahoty, appearing for the hassled home buyers, that the National Buildings Construction Corporation Ltd (NBCC) has come forward with a proposal to complete these stalled projects having around 51,000 residential units. Senior advocate Gopal Jain, appearing for NBCC, said the public sector undertaking has filed an intervention application in a matter related to insolvency proceedings of Supertech Ltd to develop the stalled project on the lines of Amrapali

NBCC shares rise on order worth Rs 1,261 crore from Bihar's Health Ministry

NBCC share price moved up by 2.52 per cent at Rs 178.50 per share on the BSE in Monday's intraday deals

NBCC, MTNL sign pact for Rs 1,600 cr worth housing-cum-commercial project

State-owned NBCC (India) Ltd has signed an initial pact to develop a Rs 1,600-crore worth housing-cum-commercial project on a 14-acre land parcel owned by MTNL on Pankha Road in the national capital. In a statement on Thursday, NBCC said that it has signed a Memorandum of Understanding (MoU) with Mahanagar Telephone Nigam Ltd (MTNL) to collaborate and "develop a prominent land parcel of MTNL measuring approximately 13.88 acres located on Pankha Road, New Delhi." This project aims to transform the land into a state-of-the-art residential/ commercial space, leveraging the expertise and resources of both organizations. "The project is valued at Rs 1600 crore approximately," NBCC said. The MoU was signed in the presence of K P Mahadevaswamy, CMD, NBCC, A Robert J. Ravi, CMD, MTNL. MTNL, a leading public sector telecommunications company and NBCC, a Navratna enterprise under the Ministry of Housing & Urban Affairs, have committed to this development project. "NBCC will act as the ...

NBCC shares surge 5% on inking MoU with MTNL for Rs 1,600-cr project

The uptick in NBCC share price came after the company announced that it has inked a memorandum of understanding (MoU) with MTNL for a project worth Rs 1,600 crore.

NBCC approves 1:2 bonus share issue, allocates Rs 90 crore for it

State-owned NBCC (India) Ltd on Saturday said the board has approved issue of bonus shares in a ratio of 1:2 to eligible shareholders and the company will utilise Rs 90 crore free reserve for this purpose. In a regulatory filing, the company informed that the board has approved issuance of bonus shares and fixation of record date. "The Board of Directors has recommended the issuance of bonus shares to the shareholders of the company in the ratio of 1:2 i.e. one new fully paid-up equity share of Rs 1 each for every two existing shares to the eligible members as on the record Date," the company said. The company proposes to issue 90 crore shares as bonus shares. "Free reserves of Rs 90 crore would be utilised for the issue of bonus Shares," the NBCC said. This is subject to the approval of the shareholders in the forthcoming Annual General Meeting. The Board has fixed October 7, 2024 as record date to determine the eligibility of members to receive bonus shares. NBCC is mainly int

NBCC sells commercial properties worth Rs 14,800 cr in Delhi on govt behalf

State-owned NBCC (India) Ltd on Thursday said it has completed the sale of commercial properties worth around Rs 14,800 crore in the national capital on behalf of the government. In a regulatory filing, the company said it has completely sold office space inventory at World Trade Center (WTC) project in Nauroji Nagar. It has also sold 100 per cent retail and commercial space at Downtown Sarojini Nagar. On behalf of the government, NBCC is re-developing Nauroji Nagar, Sarojini Nagar, and Netaji Nagar, while CPWD is executing the other four colonies -- Kasturba Nagar, Thyagraj Nagar, Srinivaspuri, and Mohammadpur. The funds for the redevelopment of these seven colonies is being generated by NBCC through the sale of commercial space at Nauroji Nagar and Sarojini Nagar. Elaborating more, NBCC said in the WTC project at Nauroji Nagar, it has sold a total unsold inventory 1.81 lakh sq ft of commercial space for Rs 908.48 crore during the 27th e-auction. Of the total area sold, about 1.2

NBCC share price gains 5% on selling commercial spaces worth Rs 2,251 cr

The uptick in NBCC share price came after the company announced, via two separate filings, that it has sold commercial spaces worth Rs 2,251 crore.

NBCC Q1 results: Net profit rises 38% to Rs 107 cr on higher income

State-owned NBCC Ltd on Tuesday reported a 38 per cent increase in its consolidated net profit to Rs 107.19 crore for the first quarter of this fiscal. Its net profit stood at Rs 77.41 crore in the year-ago period. The company's total income rose to Rs 2,197.83 crore in the April-June quarter of this fiscal from Rs 1,974.03 crore in the corresponding period of the previous year, according to a regulatory filing. NBCC is into project management consultancy and real estate business.

NBCC zooms 12% on Rs 15,000 cr order win for building satellite township

Shares of NBCC shot up by 11.6 per cent at Rs 188.50 per share on the BSE in Friday's early morning deals. This came after the state owned civil construction firm bagged a major work order

NBCC rallies 4% after arm bags Rs 411 cr order; stock up 38% in six months

The rise in the NBCC share price came after the State-owned company announced that its arm, HSCC (India) Limited, has secured an order worth Rs 411.45 crore.

NBCC gets Rs 70 cr contract from Grid-India for interior works in office

State-owned NBCC (India) Ltd has bagged a Rs 70 crore project from Grid Controller of India for executing interior works in new corporate office in the national capital. In a statement, NBCC said it has inked a memorandum of understanding with Grid Controller of India Ltd (Grid-India) for execution of interior, fit outs and other associated infrastructure works for their new corporate office at Ayurvigyan Nagar, New Delhi. "The tentative value of works to be executed under this MoU is approximately Rs 70 crore," it added. The MoU was signed by Alok Kumar, Senior General Manager, Grid-India and Mudit Bhatnagar, CGM (Engg), NBCC in the presence of S R Narasimhan, CMD, Grid-India; K P Mahadevaswamy, CMD, NBCC; B K Sokhey, Director (Finance), NBCC; Saleem Ahmad, Director (Projects), NBCC and other senior officials from both organizations. Earlier, Grid-India, which is responsible for National Load Dispatch, had purchased this new office of around 61,000 sq ft from NBCC at approximatel

NBCC bags Rs 100 cr from Oil India to build core repository in Guwahati

State-owned NBCC (India) Limited has bagged a Rs 100 crore contract from Oil India to construct a centralised core repository with advanced laboratory facilities at Guwahati in Assam. In a statement on Wednesday, NBCC said it has inked a Memorandum of Understanding (MoU) with Oil India for the construction of a centralised core repository with advanced laboratory facilities at Guwahati in Assam. "This work is valued at Rs 100 crore approximately," it added. The MoU was signed by SalomaYomdo, ED (E&D), OIL and Pradeep Sharma, ED (Engg.), NBCC in the presence of Ranjit Rath, CMD, OIL, K P Mahadevaswamy, CMD, NBCC, Saleem Ahmad, Director (Projects), NBCC and other senior-level officials from both the organisation. NBCC and OIL are also in the final stages of discussion for undertaking various other works, such as the execution of a hospital, group housing, guest house, installation of solar rooftop panels etc. in Assam. "The anticipated value of these works is Rs 900 crore ...

848 stocks hit lower circuit on June 4 post LS polls. Here is what it means

BHEL, Bharat Electronics, Adani Ports and Special Economic Zone, REC, Power Finance Corporation (PFC) from the future & option (F&O) segment stocks tanked 25 per cent

This construction company's stock has climbed 229% in one year; here's why

The State-owned company's profit rose 24.6 per cent on a year-on-year (Y-o-Y) basis to Rs 141.5 crore in the March quarter of financial year 2024 (Q4FY24)