NBCC targets Rs 1 lakh crore work order book by March – Newz9

NEW DELHI: State-owned National Buildings Construction Corporation (NBCC) Ltd is aiming to increase with plans to develop its consolidated order book to Rs 1 lakh crore by March subsequent 12 months, up from the present Rs 84,400 crore, because it focuses on broadening its enterprise presence throughout India.
NBCC (India) Ltd operates in challenge administration consultancy (PMC), engineering, procurement and development (EPC), and actual property sectors.
KP Mahadevaswamy, chairman and managing director at NBCC advised buyers, “NBCC has an order book of around Rs 84,000 crore. We are targeting to take Rs 1 lakh crore at the end of this financial year.”
A transcript of a dialogue with buyers revealed that the whole consolidated order book stands at Rs 84,400 crore, with NBCC’s share amounting to roughly Rs 70,400 crore. The remaining portion of the order book belongs to its subsidiaries.
Mahadevaswamy famous that round 55 per cent of the whole order book is from PMC/EPC, whereas the remaining 45 per cent is from redevelopment tasks,
He additional mentioned that the redevelopment tasks take 4-5 years, whereas regular PMC takes solely 1.5-2 years, information company PTI reported.
NBCC, on behalf of the central authorities, has taken on the redevelopment of a number of housing colonies within the nationwide capital.
The development firm is already finishing stalled tasks of the Amrapali Group.
In a regulatory submitting on Thursday, the corporate mentioned the National Company Law Appellate Tribunal (NCLAT), has “appointed NBCC (India) Ltd as Project Management Consultant for the completion of 16 projects of Supertech Ltd”.
The firm has been appointed as a guide “with no liability, and it will complete the Supertech projects within three years”.
NBCC will full 16 tasks, comprising 49,748 homes in Uttar Pradesh, Uttarakhand, Haryana, and Karnataka.
“The tentative construction cost of the project is about Rs 9,445 crore, including 3 per cent contingency. The consultancy fee has been fixed as 8 per cent, including 1 per cent marketing fee,” the entity revealed.
NBCC’s whole revenue for the second quarter of this fiscal 12 months elevated to Rs 2,525.95 crore, up from Rs 2,134.36 crore in the identical interval final 12 months. The firm additionally reported a 53 per cent rise in consolidated web revenue, reaching Rs 125.13 crore for the September quarter, in comparison with Rs 81.90 crore within the earlier 12 months.