Page 3 - Nbcc

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)

NBCC Ltd Q4 results: Consolidated net profit rises 26% to Rs 136 crore

State-owned construction firm NBCC Ltd on Tuesday reported a 26 per cent growth in its consolidated net profit to Rs 136.08 crore for the quarter ended March 2024. Its net profit stood at Rs 108.4 crore in the year-ago period. Income from operations rose to Rs 4,024.5 crore in the fourth quarter of the last fiscal as compared to Rs 2,813.35 crore in the corresponding period of the previous year, according to a regulatory filing. During the 2023-24 fiscal, net profit rose to Rs 401.55 crore from Rs 266.66 crore in the preceding year. Income from operations grew to Rs 10,432.63 crore in the last fiscal as against Rs 8876.36 crore in the 2022-23 fiscal. NBCC is into project management consultancy (PMC) and real estate business.

Stocks to watch on May 9: HG Infra, Piramal Ent, BSE, NBCC, SKF India

Stocks to watch on May 9, 2024: HG Infra reported its Q4 earnings with a net profit increase of 11.2 per cent at Rs 190 crore compared to Rs 170.9 crore in the previous year

NBCC secures new work orders worth Rs 23,500 crore in 2023-24 fiscal

State-owned construction firm NBCC Ltd on Tuesday said it secured projects worth Rs 23,500 crore during the last fiscal year. In a statement, NBCC said it has secured significant business during 2023-24 financial year. The company "has secured record new works of Rs 23,500 crore on consolidated basis and Rs 18,400 crore on standalone basis, as compared to Rs 6,700 crore (consolidated basis) and Rs 4,225 crore (standalone basis) in preceding fiscal." Among the major orders received in 2023-24, NBCC said it has got additional FAR (floor area ratio) works in Amrapali worth about Rs 10,000 crore. NBCC Chairman and Managing Director K P Mahadevaswamy emphasised the company's strength in the construction and infrastructure domain, particularly in redevelopment and land monetisation endeavours. "With a robust order book and a strategic focus on redevelopment and land monetisation, NBCC is well-positioned to not only sustain but also incrementally elevate its growth trajectory, propelling

NBCC planning to set up its own NBFC to help save over $100 million

The Indian government owns infrastructure financial institutions but no other state-run company has created a unit to help it finance projects

NBCC sells 480,000 sq ft commercial space in South Delhi for Rs 1,905 crore

State-owned construction firm NBCC (India) on Wednesday said it has sold 4.8 lakh square feet of commercial space in South Delhi for Rs 1,905 crore on behalf of the government. In the 25th e-auction for commercial space at World Trade Centre (WTC) in Nauroji Nagar here, NBCC achieved the highest sale realization till date with the sale of 4.8 lakh square feet of commercial space for Rs 1,905 crore. "Power Finance Corporation Ltd, Security Printing and Minting Corporation of India Ltd and Solar Energy Corporation of India Ltd are the major organisations who bought space during this e-auction," it added. Out of the total area sold, around 4.38 lakh square feet having a sale value of about Rs 1,740 crore has been sold to public sector units (PSUs). The total number of successful bidders was five, out of which three were PSU bidders and two private entities. As on date, NBCC has sold a total commercial space of over 30 lakh square feet through 25 e-auctions having a sale value of over

NBCC gets nod from Greater Noida Authority to build five Amrapali projects

The approval is for the development of unused and purchasable floor area ratio (FAR) "in furtherance of existing projects of Amrapali valuing approximately Rs 10,000 crore," the company said

NBCC bags Rs 560 cr contract to construct permanent campus of NIT, Sikkim

State-owned NBCC on Tuesday said it has bagged a contract worth Rs 560 crore to construct a permanent campus of the National Institute of Technology, Sikkim. In a regulatory filing, NBCC informed that it has bagged a contract for the construction of the permanent campus of NIT Sikkim at Dung dung Khamdong, Gangtok, Sikkim. The size of the contract is Rs 560 crore. NBCC is mainly into project management consultancy (PMC) and real estate.

NBCC bags housing redevelopment project for MEA worth Rs 262 crore

State-owned NBCC Ltd on Thursday said it has bagged a Rs 262 crore project to redevelop Ministry of External Affairs Housing in the national capital. In a statement, NBCC said the "Bhoomi Poojan Ceremony" for the redevelopment of Ministry of External Affairs Housing at KG Marg took place on February 14, 2024. Y K Sailas Thangal, Joint Secretary in MEA; Nidhi Anand, Senior Architect, MEA and K P Mahadevaswamy, CMD, NBCC, among others attended the event. "With a project value of approximately Rs 261.70 crore, NBCC has been entrusted with the execution of this transformative endeavour. The scope of work includes construction of 54 Type-VI Quarters, 18 Type-IV Quarters, and 18 Transit Quarters...," NBCC said. This initiative reaffirms the commitment of both MEA and NBCC to enhance infrastructure and create conducive living environment for its residents. NBCC is into Project Management Consultancy (PMC) and real estate business.

IRFC, NBCC, SJVN, BHEL: PSU stocks are on fire; analysts see more headroom

The S&P BSE PSU index has gained over 90 per cent in the last one year, rising much higher than the S&P BSE Sensex that has surged nearly 19 per cent during this period, show ACE Equity data

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

State-owned NBCC bags Rs 89 cr order from DMRC to construct staff quarters

State-owned NBCC on Friday said it has bagged a contract worth Rs 89 crore from the Delhi Metro Rail Corporation Ltd (DMRC) to construct staff quarter residential building for the Bhubaneswar metro rail project. NBCC has been engaged for the construction of a staff quarter residential building by DMRC as Project Management Consultant (PMC), the company said in a statement. The total cost of the work is Rs 88.90 crore. Earlier this year, an MoU was signed between DMRC and NBCC to work together in the field of infrastructure development in India and abroad. NBCC (India) Ltd is a Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company has been listed with National Stock Exchange (NSE) and BSE since 2012. The company is mainly into PMC and real estate business.