Page 7 - Nbcc

NBCC's rise depends on project execution, analysts slash FY20 estimates

With redevelopment projects suffering, it is not surprising that the company's profitability is dented

Homebuyers seek further talks on NBCC's revised bid for Jaypee infra

Homebuyers of Jaypee Infratech want NBCC to acquire the debt-laden firm in an ongoing insolvency process and have asked their representative in a panel of creditors to further negotiate on the bid submitted by the state-owned firm. P&A Law Offices, which represents and advises nine registered homebuyers associations, has written a letter to Kuldeep Verma, who is an authorised representative of homebuyers in a committee of creditors (CoC). "The homebuyers unequivocally wish that NBCC should take over the JIL (Jaypee Infratech Ltd)....You are hereby instructed to endeavour to negotiate with NBCC so that its revised bid can be voted upon first," the letter said. The law firm pointed out that the bid of Suraksha Realty, which is also in the race to acquire JIL, could be first put for voting process as per the current result of evaluation of resolutions plans of the two contenders. While negotiating with the NBCC, homebuyers have asked their representative Verma to ensure claim for ...

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

Jaypee insolvency: Lenders meet on Nov 28 to review NBCC, Suraksha bids

NBCC and Suraksha might be asked to submit their final plans after the next CoC meet on November 28 and voting process could be conducted before December 10

Jaypee Infra lenders discuss NBCC, Suraksha bids; to meet again by Nov-end

As many as 13 banks and over 23,000 home buyers have voting rights in the CoC. Buyers have nearly 60 per cent votes. For the bid to be approved, 66 per cent votes are required.

NBCC in a fresh bid for Jaypee Infra, may keep unsold flats of Rs 1,750 cr

This was one of the reasons for lenders voting out the NBCC's resolution plan in June this year

NBCC, Suraksha Realty asked to make fresh bids for Jaypee Infratech

The crisis-hit subsidiary of Jaiprakash Associates has an outstanding debt of nearly Rs 9,800 crore

Yamuna Expressway authority asked to refund Rs 41.14 cr to Jaypee Infra

In the order, the tribunal also directed the YEIDA to ensure that the development work is not obstructed by the Noida development authority.

SC seeks homebuyers, NBCC suggestion on Amrapali unsold inventory

Top court to next hear the matter on October 4, seeks govt suggestion on how GST will be charged

Will you give revised proposal to complete Jaypee projects: SC asks NBCC

The Bench posted the matter for further hearing on Thursday and extended the status quo order till then

NBCC to get Rs 7 cr to finish 2 Amrapali projects; ED gets audit report: SC

Forensic audit report be given to ED, Delhi police, ICAI in Amrapali case: SC

NBCC stock falls on concerns of weak execution and earnings growth

The company's order book at Rs 68,000 crore on the standalone level and Rs 85,000 crore at the consolidated level means more than eight years of revenues visibility

Explained: Why NBCC's new trouble-shooting role may be troublesome

A segment-wise breakup of NBCC's order book shows that close to 95 per cent comprises PMC, the remaining five per cent is EPC and real estate combined

NBCC submits plan to complete unfinished projects of debt-laden Unitech

Court seeks homebuyers', Unitech's response over plan, to next hear the matter on August 9

SC cancels RERA registration of Amrapali Group; NBCC to take over projects

In a relief to the home buyers, the Supreme Court has ordered NBCC to finish all pending projects of Amrapali Group

Derivative strategy on NBCC by HDFC Securities

Derivative strategy by Nandish Shah, Senior Technical & Derivative Analyst, HDFC Securities.

NBCC likely to submit revised bid by April 25 to buy Jaypee Infratech

NBCC and Suraksha Group are in race to acquire bankruptcy-bound realty firm Jaypee Infratech

NBCC will turnaround Jaypee, if it wins the bid: Anoop Kumar Mittal

If NBCC gets Jaypee, we will deliver houses in three years, says NBCC CMD Anoop Kumar Mittal

Despite strong order book, muted profitability a major concern for NBCC

The declining margin trajectory of the firm is one reason for caution

NBCC to construct ayurveda and naturopathy hospital in Goa for Rs 268 cr

NBCC will complete the 50-acre project in the next 24 months, the company said in a statement