PRESS RELEASE | NBCC (India) Ltd. (2024)

Construction of new training centre & renovation of REC Institute of Power Management Training (RECIPMT), Hyderabad

NBCC has recently received work order related to construction of new training centre & renovation of existing buildings of REC Institute of Power Management Training at Hyderabad.

The project cost is approximately Rs. 100.00 crore, out of which Rs. 60 crore is for Construction of new training centre, hostel, classrooms, auditorium, Kitchen/Dining facility, landscaping in the entire campus, etc. The remaining Rs 40 crore is expected to be spent on demolition of old/ unsafe existing elevated service reservoir, its new construction with modified design/ capacity and renovation of existing RECIPMT buildings comprising of office building, classrooms, hostel & allied buildings.

This is a first such assignment secured by NBCC (India) Limited by participating in tender through GeM portal as a seller. NBCC has secured this tender on Quality Cost Based System (QCBS) method by receiving highest marks after competing with other bidders through GeM.

REC Institute of Power Management Training (RECIPMT) has a land measuring 14 acres in Hyderabad. With the award of executing this work, NBCC shall strive to facelift the old buildings and also to develop new infrastructure for equipping state of the art facilities within the institute.

Photo Caption: Shri K.P. Mahadevaswamy, CMD, NBCC addressing employees on the occasion of International Day of Yoga 2024

On the occasion of International Day of Yoga 2024, NBCC (India) Ltd., a Navratna CPSE, organized yoga sessions and workshops at its Corporate Office and other offices/ projects across India on 21.06.2024. At its Corporate Office in New Delhi, yoga session was organized in the morning in association with Bhartiya Yog Sansthan. Shri K.P. Mahadevaswamy, CMD, Smt. B.K. Sokhey, Director (Finance), senior officials and employees of company attended the sessions and performed various yogasanas.

On this occasion a workshop on "Meditation for a Healthy &Happy life" was also organized at its corporate office. The workshop was organized in collaboration with Prajapita Brhama Kumaris Ishwaiya Vishwavidyalaya (PBKIVV), New Delhi. The workshop emphasized the importance of meditation in daily life and the significant role that yoga & meditation can play for stress management & development of positive attitude.

Photo Caption: Dignitaries after the signing of MoU between NBCC and Grid-India

NBCC (India) Limited on 14.06.2024 has inked a MoU with Grid-India (Grid Controller of India Limited) 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. 70.00 Crore.

The MoU was signed by Shri Alok Kumar, Senior General Manager, Grid-India and Shri Mudit Bhatnagar, CGM (Engg.), NBCC in the presence of Shri S.R. Narasimhan, CMD, Grid-India, Shri K.P. Mahadevaswamy, CMD, NBCC, Smt. B.K. Sokhey, Director (Finance), NBCC, Shri Saleem Ahmad, Director (Projects), NBCC and other senior level officials from both the organizations

Earlier, Grid-India, which is responsible for “National Load Dispatch” had purchased this new office from NBCC with around 61,000 sqft at approximately Rs. 270 Crore and has now entrusted NBCC for furnishing its office as well. The new office shall be a Green Building with all sustainable features viz. energy efficient light fixtures, smart building technology, low flow plumbing fixtures. The new building is not only an efficient engineering feat but also amalgamates environmental ecosystem around it with a green belt running alongside and landscaping complementing the modern architecture.

This collaboration between NBCC and Grid-India exemplifies the synergy between two leading entities in their respective fields, pooling their expertise to create a cutting-edge corporate facility that not only meets operational needs but also sets new benchmarks in environmental responsibility and employee well-being.

Caption: Signing of MoU between NBCC and Department of Social Security & Empowerment of Persons with Disabilities (SSEPD), Government of Odisha

NBCC, a leading Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs, will soon be constructing projects in the state of Odisha. The company entered into a Memorandum of Understanding (MoU) with the Department of Social Security & Empowerment of Persons with Disabilities (SSEPD), Government of Odisha on 13.06.2024 for the planning, designing and construction of an Integrated Infrastructure Complex (IIC) in Bargarh district of Odisha. The MoU was signed by Shrimati Niyati Pattnaik (OAS-SS), Director, SSEPD and Shri Rakesh Narayan Sinha, General Manager (Engg), SBG Odisha, NBCC in the presence of officials from both organizations..

The Integrated Infrastructure Complex (IIC) project holds significant promise for the Bargarh district and its communities. With an approximate project cost of about Rs 73.00 Crore, it aims to serve as a cornerstone for empowerment and accessibility for persons with disabilities. The total built-up area of the building stands at an impressive 8974.72 sqm, providing an ample room for offices, amenities, and communal spaces. The building is designed to be inclusive, with facilities such as lift, staircase, and ramp, ensuring seamless access for individuals with mobility challenges. This facility shall also feature spaces for yoga, meditation, recreation, and spiritual discussions, promoting social interaction and well-being.

Similarly, NBCC has also recently signed an MoU with Odisha State Co-operative Bank (OSCB) for works relating to planning, designing and execution of various buildings of OSCB at Bhubaneswar, Angul, Gopalpur and Cuttack. The tentative value of works to be executed under this MoU is approximately Rs. 82.00 Crore. The MoU was signed by Dr. Kulamani Padhi, Chief General Manager, OSCB and Shri Rakesh Narayan Singh, General Manager (Engg.) in the presence of other senior officials from both the organizations.

NBCC (India) Limited, a Navratna CPSE, inked Memorandum of Understanding (MoU) with Oil India Limited (OIL) on 11.06.2024, for Construction of OIL’s centralized core repository with advanced laboratory facilities at Guwahati, Assam. This work is valued at Rs. 100 Crore approximately.

The MoU was signed by Shri SalomaYomdo, ED (E&D), OIL and Shri Pradeep Sharma, ED (Engg.), NBCC in the presence of Dr. Ranjit Rath, CMD, OIL, Shri K.P. Mahadevaswamy, CMD, NBCC, Shri Saleem Ahmad, Director (Projects), NBCCand other senior level officialsfrom both the organization.

Further, NBCC and OIL are also in final stages of discussion for undertaking various other works, such as execution of hospital, group housing, guest house, installation of solar rooftop panelsetc. in Assam. The anticipated value of the works is Rs. 900 Crore approximately.

In the recent past, NBCC has received work order from Kochi Metro Rail Limited valuing Rs. 700 Crore for the developing 17.4 acres in Kakkanad and Ernakulam, Kerala. Similarly, NBCC will also be executingthe construction of boy’s hostel for Hindu College, University of Delhi with an approximate value of Rs. 70 Crore.The company will also be executing the construction of office-cum-training institute of Institute of Company Secretaries of India (ICSI)at Khaitabad, Hyderabad with an approximate value of Rs. 9 Crore.

NBCC, a leader in sustainable development, is proud to announce its extensive participation on World Environment Day 2024 with a plantation drive across its projects in India and abroad. As part of its commitment to environmental stewardship, NBCC and its subsidiaries have undertaken a monumental effort to plant over 3000 saplings in various parts of India, Maldives and Mauritius.

On the occasion Shri K.P. Mahadevaswamy, CMD, NBCC said, "We believe that together, we can make our planet a better place to live by adopting sustainable practices at our homes and work places. NBCC is committed to adopting practices which would help creating a greener and carbon neutral future."

The plantation drive by NBCC and its subsidiaries signifies a collective commitment to cultivating a sustainable future by planting trees and nurturing green spaces. NBCC strives to mitigate the impacts of climate change, enhance biodiversity, and create healthier communities.

The Board of Directors in its meeting held on Tuesday i.e., May 28, 2024 approved the Financial Results of the company for the quarter and year ended on 31.03.2024. Company reported operational income of Rs 10,432.64 Cr. and Rs.4024.50 Cr. on consolidated basis for Year & Quarter ended on 31.03.2024 representing a growth of 17.53% and 43.05% on YoY basis respectively.

On standalone basis, company has achieved operational income of Rs.8050.62Cr. for year ended 31.03.2024 & Rs.3031.90 Cr. for quarter ended 31.03.2024 showcasing increase of 19.51% & 36.12% respectively on YoY basis.

The Profit After Tax (PAT) stood at Rs.414.38 Cr. on consolidated basis & Rs.344.36 Cr. on standalone basis thereby representing growth of 49.05% & 48.99% respectively on YoY basis for the year ended 31.03.2024.

This encouraging financial performance of NBCC is attributed to its diversified portfolio, encompassing key sectors such as redevelopment, real estate development, infrastructure projects, project management consultancy, engineering procurement & construction (EPC), hospital consultancy, stuck Amrapali Projects, PSU land redevelopment and more. Leveraging its expertise and strategic partnerships, NBCC has successfully executed a myriad of prestigious projects, contributing to the nation's infrastructure development and economic progress.

NBCC with its robust order book and a strategic focus on redevelopment, PSU land redevelopment, real estate development, agriculture works, overseas expansion and PMC works is well positioned to be a proactive CPSE in India’s future development.

The office of Hon’ble President of India appreciated Shri K.P. Mahadevaswamy, CMD, NBCC along with NBCC team in recognition to their role in constructing the wooden replica of historic flag post at Rashtrapati Nilayam, Hyderabad on 14.05.2024 for its exemplary work in restoring the flag post at Rashtrapati Nilayam in record time. "The dedication and hard work shown by Shri K.P. Mahadevaswamy, CMD, NBCC and NBCC team were truly instrumental in completion of the project." said the appreciation letter

The completed replica flag post was unveiled by Smt. Droupadi Murmu, Hon’ble President of India in a ceremony held at Rashtrapati Nilayam, Hyderabad on 21.12.2023, and was attended by dignitaries and officials from NBCC and Rashtrapati Nilayam.

This is the highest wooden flag post in the country. The total height of the flag post is 36 meters (i.e. 120 feet) from the top of the old foundation.The recently inaugurated flagpost is made up of high-quality teak wood which is more than 80 years old. Lateral support of total 18 stay wires are provided to keep the flag pole standing in balanced position which are fixed to the stone foundation installed in the ground through the flag post. The work was executed maintaining the highest quality standards and after following guidelines and formalities.The entire work of erecting the flagpost was completed in a period of less than 2 months. At the crucial juncture of erection of the flagpost, NBCC team braved stormy weather conditions including incessant rains to complete the work within time. This was owing to the dedication of NBCC team engaged in the work and its supportive and inspiring leadership.

The history of Rashtrapati Nilayam, Hyderabad over the years has witnessed the ebb and flow of time, bearing witness to India's journey towards independence and its subsequent emergence as a sovereign republic. The historic flag post also stood witness to the integration of Hyderabad state into the Indian Union in 1948.

However, the passage of time had taken its toll on this iconic structure, leaving it weather-beaten and worn. Recognizing the significance of preserving this tangible link to the past and a poignant tribute to the nation's rich history and unwavering spirit, NBCC (India) Limited undertook this monumental endeavor. This symbolic structure, steeped in heritage and patriotism, stands as a testament to India's enduring legacy and the spirit of unity that binds its people together.

In a world where time is often measured in seconds and minutes, NBCC's feat serves as a powerful reminder of the enduring value of our cultural heritage. As the flag waves proudly atop the newly restored flag post, it stands as a beacon of hope and inspiration, reminding us of the sacrifices made by those who came before us and the ideals for which they stood.

Amrapali: NBCC has successfully completed about 19,000 units in just three years (including 2-years under the influence of COVID-19 pandemic). The company is committed to deliver another 19,000 units before March 2025.NBCC along with Aspire team has achieved sale of over 6,300 units in Amrapali Projects with total sale value of more than Rs. 3,650 Crore.

WTC Nauroji Nagar: NBCC has sold commercial real estate inventory valuing approximately Rs. 6,500 Crore this FY as compared to around Rs. 2,100 Crore in last FY. As on date, the company has sold a total commercial inventory of over 30 lakh sqft through 25 e-auctions having a sale value of over Rs 12,100 Crore. The project is rapidly progressing towards completion with achievement of more than 95% of physical progress.

Works Awarded: During the financial year 2023-2024, at a consolidated basis, the Company has awarded works of approx.Rs. 9,800 Crore pertaining to different projects compared to works of approx. Rs. 6,050 Crore last year,by registering a significant growth of about 62%.

Shri K. P. Mahadevaswamy, CMD of NBCC (India) Limited, , emphasized the company's strength in the construction and infrastructure domain, particularly in redevelopment and land monetization endeavours. He highlighted, “With a robust order book and a strategic focus on redevelopment and land monetization, NBCC is well-positioned to not only sustain but also incrementally elevate its growth trajectory, propelling sustainable development forward in India's construction and infrastructure landscape.”

The project was executed at a cost of over Rs. 9 Crore, showcasing NSL’s commitment to excellence in infrastructure development. Spanning across 24,765 sqft, the facility offers a myriad of amenities, including a Bar Lounge, Multipurpose Hall, Library, T.T. Room, Library Cafeteria, Yoga Room, and various sports facilities. The club also boasts features such as Squash Court, Badminton Court, Basket Ball Court, Kitchen, and water bodies.

The inauguration of Scope Social Interaction on Public Sector Day underscores the celebration of collaborative efforts and the spirit of camaraderie within the public sector. The club stands as a testament to NBCC's and its subsidiary company’s unwavering dedication to delivering excellence in every project undertaken.

NBCC (India) Ltd during 25th e-auction for WTC Nauroji Nagar, New Delhi has achieved highest sale realization till date with the sale of 4.8 lakh sqft of commercial space for Rs. 1905 Crore. Power Finance Corporation Limited, Security Printing and Minting Corporation of India Limited and Solar Energy Corporation of India Limited are the major organizations who bought space during this e-auction. Out of the total area sold, around 4.38 lakh square feet having sale value of approximately Rs 1,740 Crore has been sold to PSU entities. The total numbers of successful bidders were five, out of which three were PSU bidders and two private entities. The sale marks a significant milestone for the company and demonstrates the exceptional demand for premium commercial space in India's capital.

As on date, the company has sold a total commercial inventory of over 30 lakh sqft through 25 e-auctions having a sale value of over Rs 12,100 Crore. The WTC project, a landmark development, has attracted marquee buyers across various industries. The project is rapidly progressing towards completion with more than 94% of physical progress achieved.

World Trade Centre is redeveloped as commercial centre having approximately 34 lakhs square feet of commercial built up area which is being constructed in place of 628 numbers of old/ dilapidated quarters. Situated in Nauroji Nagar, the WTC enjoys close proximity to major establishments, recreational areas, and transportation hubs like the Ring Road, metro stations, airports, and hospitals. This makes it an attractive location for businesses seeking excellent connectivity and accessibility. The project encompasses about 25 acres of land and features 12 towers, each with 10 floors, offering ample space for businesses to grow and expand.

The WTC Nauroji Nagar have been designed to achieve 3 star GRIHA rating. The concept of efficient water management has been incorporated with focus on water recycle and reuse. The building is equipped with efficient insulation using double glazed façade system in every tower, energy efficient lighting system in lobbies to reduce energy consumption, heat insulated roofs. Rooftop solar panels are installed to minimize the energy consumption from conventional resources. Further adequate capacity STP has been planned along with the concept of Zero Waste Discharge.

With a workforce of around 3,000 engaged in the construction at this moment, NBCC has generated more than 2 million mandays while executing this project.

Under the esteemed patronage of the Ministry of External Affairs, NBCC (India) Ltd. has been entrusted with the responsibility to construct a state-of-the-art complex at CGI, situated in the Al-Hamara District of Jeddah, Saudi Arabia. The project encompasses the construction of a Chancery building, a Multi-purpose hall, and residences for officials, all strategically designed to meet the diverse needs of the Indian diplomatic mission.Spanning across a Government of India-owned plot measuring 9,505 square meters, the complex is envisioned to serve as a symbol of India's diplomatic presence in Saudi Arabia, fostering stronger bilateral ties and facilitating seamless interactions between the two nations.

Commenting on this significant milestone,Shri. K.P.Mahadevaswamy, CMD, NBCC expressed his enthusiasm, stating, "We are honored to have been entrusted with this prestigious project by the Ministry of External Affairs. NBCC is committed to delivering world-class infrastructure that not only reflects India's architectural heritage but also embodies modernity and functionality. We look forward to executing this project with utmost dedication and precision, contributing to the enhancement of India's diplomatic outreach in the region."

The construction of the Chancery-Cum-Residential Complex is estimated to cost Rs. 249 crore approximately affirming the commitment of both NBCC (India) Ltd. and the Ministry of External Affairs to uphold the highest standards of quality and excellence.As NBCC (India) Ltd. embarks on this transformative journey, it reaffirms its dedication to realizing the vision of a progressive and resilient India on the global stage.

In a spirited effort to advocate for gender empowerment and recognize the invaluable contributions of its female workforce, Navratna CPSE NBCC (India) Ltd. hosted a celebratory function on International Women’s Day.

The event, held at the esteemed India Habitat Centre in New Delhi, was a testament to NBCC’s commitment to fostering gender diversity and honoring the dedication of its women employees. The highlight of the ceremony was the felicitation of women employees who have served the company for an exceptional 30 years. Shri K.P. Mahadevaswamy, the Chairman-and-Managing Director of NBCC, presented mementoes to these esteemed individuals, acknowledging their enduring commitment to the company’s growth and success.

Welcoming esteemed guests and participants, Shri Swamy reiterated NBCC’s unwavering support for gender equality and expressed gratitude for the continuous contributions of female employees. The event was further enriched by the presence of Smt B.K. Sokhey, Director (Finance) as Chief Guest and she was recognised as “The Lady Icon of NBCC”.

Throughout the day, attendees were treated to a variety of engaging activities, including musical renditions, dance performances, and talent shows, fostering a sense of camaraderie and celebration among all present. The event was graced by senior officials Shri Saleem Ahmad, Director (Projects) and Smt Ritu Pande, Chief Vigilance Officer captivated the audience with their motivational address.

The celebration served as a poignant reminder of the importance of gender empowerment and the indispensable role of women in driving organizational success. NBCC remains steadfast in its commitment to promoting inclusivity and diversity in the workplace, ensuring a conducive environment for all its employees to thrive and excel.

NBCC (India) Ltd during 24th e-auction has sold approximately 2 lakh square feet of commercial space for approximately Rs. 830 crore in the World Trade Centre project at Nauroji Nagar, New Delhi. The major corporation who has bought space in this e-auction includes NBCC, Oil India Limited and Hamdard Laboratories. Out of the total area sold, around 1.50 lakh square feet having sale value of approximately Rs 605 crore has been sold to PSU entities. The total numbers of successful bidders were six, out of which two were PSU bidders and four private entities. The sale marks a significant milestone for the company and demonstrates the exceptional demand for premium commercial space in India's capital.

As on date, the company has sold a total commercial inventory of over 26 lakh square feett through a series of 24 e-auctions having a sale value of over Rs 10,600 crore. The WTC project, a landmark development, has attracted marquee buyers across various industries. The company has successfully sold around 80% commercial inventory till date, achieving impressive sales figures and setting new benchmarks in the real estate sector.

World Trade Centre is redeveloped as commercial centre having approximately 34 lakhs square feet of commercial built up area which is being constructed in place of 628 numbers of old/ dilapidated quarters. Situated in Nauroji Nagar, the WTC enjoys close proximity to major establishments, recreational areas, and transportation hubs like the Ring Road, metro stations, airports, and hospitals. This makes it an attractive location for businesses seeking excellent connectivity and accessibility. The project encompasses 25 acres of land and features 12 towers, each with 10 floors, offering ample space for businesses to grow and expand. One can experience the best of both worlds with office and retail spaces, besides Convention Centre, Conference facilities, Board rooms, exhibition centre, auditorium, F&B etc under one roof.

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 authorized to market the commercial space on a freehold basis. With a workforce of around 3,000 engaged in the construction at this moment, NBCC has generated more than 2 million mandays while executing this project.

As a part of the redevelopment of 7 General Pool Residential Accommodation (GPRA) colonies in New Delhi, NBCC has also being tasked with the execution of government colonies at Sarojini Nagar and Netaji Nagar.

NBCC has been a pioneer in bringing and successfully implementing the redevelopment model. In view of this, a unique self-revenue generating model to redevelop the existing old dilapidated Govt colonies and properties is being executed by NBCC.

NBCC (India) Limited, a Navratna PSU under the Ministry of Housing and Urban Affairs, has signed a Memorandum of Understanding (MoU) with IFCI Ltd, a leading financial institution, to collaborate on planning, designing, and executing infrastructure projects, along with repair and renovation works for IFCI's properties across India. The MoU was formally signed by Shri Mudit Bhatnagar, SBG Head (Delhi-1), representing NBCC, and Shri Omkar Chand Rana, GM (Engg.) from IFCI Ltd.

Under this strategic partnership, NBCC will leverage its expertise in infrastructure development and project management to undertake a range of initiatives aimed at enhancing IFCI's properties and supporting its infrastructure requirements nationwide. The activities under the MoU shall be executed for commercial properties of IFCI in Mumbai, Delhi, Chennai, Bengaluru, Ahmedabad, Hyderabad and residential properties of IFCI in Delhi, Kolkata, Mumbai, Ahmedabad, Bengaluru, Chandigarh and Bhubaneshwar.

The approximate value of the works to be executed under this MoU is estimated at Rs. 150 Crore. This collaboration underscores NBCC's commitment to delivering high-quality infrastructure solutions and reinforces its position as a key player in the construction and engineering sector.

NBCC (India) Limited, a Navratna enterprise under the Ministry of Housing and Urban Affairs, has announced the successful e-auction of approximately 61,000 square feet of commercial built-up area in the highly sought-after location of Ayurvigyan Nagar, South Delhi. The transaction, valued at Rs. 272.68 crore, marks a significant milestone in the utilization of prime real estate for commercial development in the national capital.

The esteemed buyer, M/s Grid Controller of India Ltd., a prestigious PSU under the Ministry of Power, has secured this deal at a basic sale price of Rs. 36,000 per square feet. This acquisition by Grid Controller of India Ltd. highlights the strategic importance and commercial viability of the Ayurvigyan Nagar area, which is well-connected to major transportation networks and is at the heart of Delhi's business district.

This commercial space, part of the ambitious Redevelopment Project spearheaded by NBCC for the All India Institute of Medical Sciences (AIIMS) Delhi, is designed to meet the highest standards of modern infrastructure. Named “Grande Rue,” the project encompasses three levels of basem*nt parking capable of accommodating 150 cars and features a Ground+3 storey structure dedicated to commercial use.

The proceeds from this sale are earmarked for a noble cause – the construction of housing for the faculty and staff members of AIIMS Delhi. This initiative not only addresses the housing needs of AIIMS employees but also contributes to the overall development and upliftment of the Ayurvigyan Nagar area.

The Grande Rue project is a testament to NBCC’s innovative approach to redevelopment and its ability to create sustainable and beneficial outcomes for all stakeholders involved.

In a recent development regarding the Amrapali projects, NBCC (India) Limited, a Navratna CPSE, has been granted an in-principle approval by the Greater Noida Authority for a 3.5 Floor Area Ratio (FAR). The projects, estimated at a value of around ₹10,000 crore, include Centurian Park (GH-05, Sector Tech Zone-IV, Greater Noida), Golf Homes (GH-02, Sector-4, Greater Noida), Leisure Park (GH-01, Tech Zone-IV, Greater Noida), Leisure Valley (GH-02, Tech Zone-IV, Greater Noida), and Dream Valley (GH-09, Tech Zone-IV, Greater Noida), all located in the Tech Zone-IV sector of Greater Noida.

In March 2023, the Hon’ble Supreme Court asked NBCC to submit a proposal on the unused Floor Area Ratio which is the ratio between a building’s total constructed floor area and the land area. This additional FAR would allow NBCC to construct new dwellings on the unused land in the five projects, sell them and utilize the proceeds to pay off the embattled firm’s pending dues.

Collectively, these projects span a total plot area of 305.59 acres, with 75.24 acres of vacant plot area now earmarked for development. The FAR development is set to encompass close to 1.6 Cr. Square Feet, offers a variety of unit types including 4BHK, 3BHK, and 2BHK units. The number of units per floor will vary, ranging from 4 to 8, with a total of 80 towers planned in these 5 projects. The built-up area is projected to reach around 2.23 Cr. Square Feet excluding basem*nt area.

On this occasion, Shri K.P. Mahadevaswamy, CMD, NBCC said, “By diligently completing these projects, NBCC is not just constructing buildings, but fulfilling the dreams of thousands of homebuyers who have invested their hard-earned money and aspirations into these projects. Completion will provide them with their long-awaited homes, bringing stability and happiness to their lives. The company is confident that through its dedicated efforts and continued support from stakeholders, it will achieve this ambitious target and deliver justice to the Amrapali homebuyers.”

Status of the existing/ongoing work: There are 26 projects in total with 11 projects in Noida, 14 projects in Greater Noida and one project in Manesar. 12 Amrapali projects, namely Eden Park, Sapphire-1, Princely Estate, Silicon City-1, Platinum & Titanium, Zodiac, and Silicon-2 located in Noida and the projects of Castle, Leisure Valley Villas, Centurian Park Low Rise & O2 Valley, Kingswood and Leisure Park located in Greater Noida have been completed by NBCC.

Currently, 14 projects are under execution. A strong workforce of approximately 10,000 is working across various projects. One commercial project in Greater Noida, i.e., Tech Park is yet to be started.

NBCC has completed and started to hand over units to Ld. Court Receiver/Committee/Home Buyers. Around 16,000 flats across various projects are completed. NBCC is committed to complete the projects having approximately 22,000 units including finishing work before March 2025. Close to 6000 units have been sold with a sale value of close to Rs 3500 Crore.

Both companies sign 3 nos. of Memorandum of Understandings (MoUs)

In a significant stride towards bolstering infrastructure development and urban rejuvenation, NBCC (India) Limited, a Navratna CPSE, has entered into a strategic partnership with the Housing and Urban Development Corporation Limited (HUDCO). 3 MoUs were signed between the two entities marking a pivotal moment in advancing collaborative efforts in various domains crucial to societal welfare and economic growth.

The MoUs were formalized in the presence of Shri K. P. Mahadevaswamy, CMD of NBCC and Shri Sanjay Kulshrestha, CMD of HUDCO, along with other senior officials from both organizations. Their visionary leadership and unwavering commitment to excellence underscore the shared goal of driving inclusive growth and transforming India's urban landscape.

Consultancy/ Fee Based Projects
This MoU underscores NBCC and HUDCO's shared commitment to undertaking Consultancy/Fee-based projects in key sectors including residential, commercial, institutional, and affordable housing projects. This collaboration aims to harness the collective expertise of both entities to deliver high-quality, sustainable infrastructure solutions that meet the evolving needs of urban communities.

CSR
Under this Memorandum of Understanding (MoU), NBCC and HUDCO plan to work on advancing Corporate Social Responsibility (CSR) endeavors, with a primary focus on identified development and construction projects. This collaboration spans a comprehensive spectrum of activities, encompassing financing, design, construction, and procurement of essential materials and equipment. Through this partnership, NBCC and HUDCO aim to synergize their efforts to facilitate the realization of sustainable infrastructure initiatives, catering to the burgeoning needs of urban societies.

Asset Monetization In a concerted effort to optimize asset utilization and drive economic growth, NBCC and HUDCO will also collaborate on Asset Monetization activities. This strategic partnership will focus on devising robust monetization strategies, conducting techno-economic feasibility studies, and providing end-to-end transaction advisory services. By leveraging innovative approaches such as Public-Private Partnerships (PPP), the two entities aim to unlock the latent value of public and private assets, thereby fostering economic prosperity and sustainable development

This collaborative endeavour between NBCC and HUDCO reflects a steadfast commitment to leveraging synergies, fostering innovation, and driving sustainable development.

NBCC (India) Limited, a Navratna CPSE, is proud to announce its partnership in the development of the permanent campus of the esteemed National Institute of Technology, Sikkim. This monumental endeavour underscores NBCC's commitment to fostering educational excellence and infrastructural development across the nation.

The campus site is situated amidst the serene landscapes of Khamgdong village located 45 kms away from Gangtok. The sprawling 100-acre campus will see the development in 50 acres as permanent campus of NIT Sikkim and serve as a beacon of innovation and academic brilliance. With an estimated investment of approximately Rs. 560 Cr, NBCC will spearhead the execution of construction and development of state-of-the-art facilities tailored to meet the institute's mission and objectives.

Shri K.P. Mahadevaswamy, Chairman & Managing Director, NBCC, expressed his enthusiasm, stating, "The development of NIT Sikkim's permanent campus is a testament to NBCC's unwavering commitment to nation-building through infrastructural excellence. We are dedicated to ensuring that the institute's vision of imparting top-notch technical education is realized to its fullest potential."

The meticulously planned campus will feature cutting-edge infrastructure designed to facilitate world-class technical education. From academic and administrative edifices to hostel accommodations and recreational amenities, every aspect of the campus has been thoughtfully curated to foster holistic growth and learning.

Key highlights of the project include:
The total BUA of the project will be over 92,000 sq.m comprising of major blocks; i.e. Academic building, Hostel/Faculty & Staff Quarters, Sports facility and common facilities.

Furthermore, external development works including roads, pathways, boundary walls, street lighting, drainage systems, and green spaces will enhance the overall ambiance of the campus, creating a harmonious blend of nature and modernity.

With construction set to commence soon, NBCC looks forward to delivering a landmark project that will not only elevate the educational landscape of Sikkim but also contribute to the nation's progress in the field of technical education, generate employment to the tune of 2.75 lakh mandays approximately and boost the economy

NBCC also has had the privilege of executing the other world class educational institutes in the hilly regions such as IIT Mandi, Himachal Pradesh, National Sports University , Manipur, Pt. Jawaharlal Nehru Govt. Medical College & Hospital, Chamba, National Institute of Design, Jorhat, Assam etc.

NBCC (India) Limited, a Navratna CPSE under the Ministry of Housing and Urban Affairs, shall be executing key projects in the states of Uttar Pradesh, Madhya Pradesh and Telangana.

NBCC will undertake infrastructural development works for the Rani Lakshmi Bai Central Agriculture University across multiple campuses in Jhansi, Datia, Newari, and Morena/Khajuraho over the next three years. The project, valued at Rs 331.9 Cr, underscores NBCC's commitment to contributing to the advancement of educational infrastructure in the country. The development works include construction of Boys Hostel, Girls Hostel, Academic buildings comprising of classrooms and labs for Jhansi campus. Construction of Auditorium, sports facility, fisheries ponds and hostels shall be done for Datia Campus. The Office building, training hall and external development shall be executed for Newari Campus and Academic building and hostel for undergraduates shall be built for Morena/Khajuraho campus. NBCC has already been associated with the university for execution of various infrastructure.

In another significant development NBCC has been entrusted with the responsibility of implementing the renovation and furnishing of the Institute of Chartered Accountants of India (ICAI) Bhawan in Noida. Under the terms of the MoU signed between NBCC and ICAI in the project's cost is approximately Rs. 24.98 Cr. The renovation works of total plot area of 1995 sqm will be done by NBCC which includes dismantling the existing floorings, walls, staircases, lifts, toilets etc and planning, designing, providing architectural and engineering consultancy services for the office floor layouts, civil works etc. Other works include terrace PEB works, solar works, stack car parking, sumps, drainages system and various electrical works.

Further, a Memorandum of Understanding (MoU) with the High Court of Telangana for the development of a single Court Complex and Residential Quarter in Boath, Adilabad district, Telangana.The MoU, signed on February 18, 2024, marks a significant step towards enhancing the judicial infrastructure in the region. Principal District & Sessions Judge, Adilabad district, Telangana and Chief General Manager (Engineering), NBCC were the signatories to the agreement. The ceremony witnessed the presence of Registrar (Infrastructure), High Court of Telangana along with other esteemed officials from both the High Court and NBCC.The project, with an estimated cost of approximately Rs.12.17 Cr, aims to provide state-of-the-art facilities for the judicial fraternity and ensure efficient delivery of justice in the region. NBCC through its continued good performance is expecting to secure more projects for building of judicial infrastructure in the state.

The court complex and residential quarter will be built on an area of 27190 sq ft and 3262 sqft in Boath mandal,50 kms away from district headquarter Adilabad, Telangana. The building will be divyangjan friendly andequippedramps and lifts. Power back shall be through UPS and DG set. The campus will be equipped with CCTVs and rain waterpits..These initiatives reflect NBCC's dedication to executing projects of national importance across diverse sectors, including judiciary, education, and professional services.

World Trade Centre situated in Nauroji Nagar is inching towards completion. The project is rapidly progressing towards completion with more than 90% of physical progress achieved.

During the recent 23rd auction of World Trade Centre the company has sold an unsold commercial inventory of 48000 sq. Ft (approx) having a sale value of Rs 191.20 crore. As on date, the company has sold a total unsold commercial inventory of 24.4 lakh sq.ft. through multiple open e-auctions having sale value of Rs. 9848 crore (approximately) thereby achieving more than 70% inventory sale. With a workforce of around 3000 engaged in the construction of the project, it is expected that the project will be completed in the current FY 2023-24. Many prominent corporate have invested in WTC including HDFC, GAIL, Petronet LNG etc. Recently, HDFC has bought a full tower valuing Rs. 1130 Cr. owing to the popularity of the project.

As a part of the redevelopment of 7 GPRA colonies in New Delhi, NBCC was tasked with the construction of three government colonies, i.e., Sarojini Nagar, Nauroji Nagar and Netaji Nagar. Netaji Nagar originally consisted of 2772 old dilapidated quarters with appx 1.50 lakhs sqm BUA. These old dilapidated quarters are being redeveloped with construction of 2458 new GPRA units with appx. 4.82 lakh sqm of BUA, GPOA with 2.42 lakh sqm and associated social infrastructure. Sarojini Nagar colony is being redeveloped partly as residential colony with 6730 GPRA quarters having 10.85 Lakhs sqm BUA and partly as Commercial hub with 35000 sqm BUA and associated Social infrastructure. The projects will be completed and handed over in phased manner over a period of 2-3 years thereby changing the landscape of nearby adjacent area. The total employment generation across the three colonies executed by NBCC is over 1.12 Cr. man-days till now.

New Delhi’s only World Trade Centre at Nauroji Nagar recently saw the inauguration of its first office space. The state of the art office of Central Registrar of Cooperative Societies (CRCS) was inaugurated by Shri Amit Shah, Hon’ble Union Minister for Home and Cooperation.

The "Bhoomi Poojan Ceremony" for the redevelopment of Ministry of External Affairs Housing at KG Marg, New Delhi, took place on February 14, 2024. The event witnessed the presence of esteemed dignitaries including Shri Y.K. Sailas Thangal, Joint Secretary, MEA, Ms. Nidhi Anand, Senior Architect, MEA and Shri K.P. Mahadevaswamy, CMD, NBCC. Ms. B.K Sokhey, Director (Finance), NBCC, Shri Saleem Ahmad, Director (Projects), NBCC and Shri Manoj Shrivastava, GM, NBCC along with other distinguished guests from both organizations were present on the occasion.

With a project value of approximately Rs 261.70 Crores, NBCC has been entrusted with the execution of this transformative endeavor. The scope of work includes the construction of 54 Type-VI Quarters, 18 Type-IV Quarters, and 18 Transit Quarters, reflecting a commitment to providing modern and sustainable housing solutions. The project's overarching objective is to achieve a 4 Star GRIHA rating, underscoring the emphasis on environmental sustainability and energy efficiency.

This initiative marks a significant step forward in the development of landscape of KG Marg, New Delhi and reaffirms the commitment of both the Ministry of External Affairs and NBCC to enhance infrastructure and create conducive living environment for its residents.

In a significant milestone for the University of Delhi's expansion efforts, the "Bhoomi Poojan Ceremony" for the construction of a new Academic Building for the Faculty of Technology took place today at the North Campus of the University of Delhi. The esteemed event was graced by Prof. Yogesh Singh, the Hon’ble VC of Delhi University. Shri K.P.Mahadevaswamy, CMD, NBCC. Shri Saleem Ahmad, Director (Projects), NBCC along with other senior officers from both organizations were present on the occasion.

The Academic Building for the Faculty of Technology is a visionary project, with a total estimated cost of Rs. 195.65 Crore, to be executed by NBCC. Spanning approximately 285,000 sq. ft., the state-of-the-art facility will comprise classrooms, labs, workshops, HoD office, professor’s & allied staff offices, admin & accounts offices, and a multipurpose hall.

With a commitment to sustainability, the project aims to achieve a 3 Star GRIHA rating. Notable sustainable features include greywater recycling for landscape irrigation and flushing, passive design strategies, solar photovoltaic energy generation, and a rainwater harvesting system. Additionally, the building will ensure barrier-free circulation to make it accessible for all.

The University of Delhi's endeavour to provide world-class pedagogy is further underscored by its investment in large infrastructure projects. Alongside the Academic Building for the Faculty of Technology, other major projects include the "Academic Building for Institute of Eminence" and New Hostel Buildings, collectively valued at approximately Rs. 650 Crore, all the projects are being executed by NBCC.

This new Academic Building signifies the University's commitment to innovation, sustainability, and providing enhanced learning environments for its students and faculty.

The company earned Profit Before Tax of Rs. 125.66 Cr. and Profit After Tax of Rs 93.67 Cr. on standalone basis for the quarter ended on 31.12.2023, showcasing a jump of 81.08% and 93.06% on YOY basis respectively.

Company earned Profit Before Tax of Rs. 313.41 Cr. and Profit After Tax Rs 242.07 on standalone basis for the nine months ended on 31.12.2023, showcasing a increase of 71.61% and 79.63% on YOY basis respectively.

Speaking on the occasion, Shri K P Mahadevaswamy, CMD, NBCC said “ NBCC is focused on its growth trajectory and the financial figures reflect the same. We are keen to explore Redevelopment projects across the country, especially after successful projects at Nauroji Nagar, Sarojini Nagar and Netaji Nagar in New Delhi. Further, we stand committed to complete the Amrapali Projects by March 2025 and fulfill the dreams of thousands of homebuyers.”

On consolidated basis, NBCC achieved turnover of Rs 6366.99 Cr. by earning PBT of Rs 360.91 Cr. and PAT of Rs 272.88 Cr. for Nine month ended on 31.12.2023 thereby recorded a growth of 63.30% and 66.02% for PBT and PAT respectively.

NBCC (India) Limited has emerged as a key player in strengthening the nation's health and medical infrastructure. With a commitment to improving healthcare accessibility and quality, NBCC has undertaken numerous significant projects across India, impacting millions of lives.

In a recent development, the Department of Medical Education & Ayush, Government of Maharashtra has awarded 3 work orders to HSCC, a wholly owned subsidiary of NBCC, namely, construction of 600 bedded general hospital, 250 bedded cancer hospital and 250 bedded super specialty hospital valuing Rs. 459 Cr. approximately at Rajarshee Chhatrapati Shahu Maharaj Government Medical College, Kohlapur.

General hospital: This 600 bedded general hospital having a built-up area of 40,250 sqm shall be executed at a cost of Rs. 326 Cr. The major facilities planned in this LG+G+7 structure includes emergency area, operation theatres, general wards, OPD rooms, diagnostics rooms, doctors & nurses rooms to name a few.

250 bedded cancer hospital: To be executed at a cost of Rs. 55 Cr., this hospital will offer a one stop solution for all the cancer patients of Kolhapur and nearby areas. The hospital will have a built-up area of 23,950 sqm with LG+G+6 structure. The major facilities planned in this hospital include dose therapy area, OPD complex, OT complex.

250 bedded super specialty hospital: The super specialty hospital with built-up area of 23,400 sqm shall be executed at a cost of Rs.78 Cr. The structure will have a LG+G+6 configuration and the planned facilities includes general wards, OPD wards, ICU wards, doctors & nurses rooms etc.

On this occasion, Shri K.P. Mahadevaswamy, CMD, NBCC said, "We are committed to playing a vital role in strengthening India's healthcare ecosystem. By building world-class medical facilities and incorporating cutting-edge technologies, we aim to improve accessibility, affordability, and quality of healthcare for all in line with the vision of Government of India- Viksh*t Bharat-2047".

In another development, HSCC has also received an order from Department of Medical Education & Ayush for procurement of equipments for Mental Health Lab on turnkey basis for 21 hospitals in Maharashtra valuing Rs. 108 Cr.

NBCC boasts an impressive portfolio of constructing and executing hospitals and medical colleges. From AIIMS Deoghar and Bilaspur to AIIA Goa and ESIC hospitals across the country, the company is actively addressing the need for modern medical facilities.

NBCC incorporates advanced technologies in its projects, ensuring efficiency and world-class standards. The recently NBCC executed Sports Injury Centre in Delhi boasts the tallest automated storage and retrieval system in any hospital, while the Injury Centre features a unique pneumatic tube system for samples, waste, and laundry.

NBCC's reach extends across diverse regions, ensuring equitable access to healthcare. From the Northeast to the South, the company is actively involved in building and improving medical facilities, catering to the varied needs of the population.

On this occasion, Shri K.P. Mahadevaswamy, CMD, NBCC said that the 200 acre IIM Sambalpur campus with 32 buildings having built-up area of 64,000 sqm has been completed by NBCC with sustainable and energy efficient features within time and cost. Regional Sambalpuri art has been embedded in the architecture of the campus buildings with traditional lkat pattern mapped into the brick facade with remarkable elegance.

IIM Sambalpur, a Beacon of Excellence: The campus of IIM Sambalpur has been developed at Basantpur village in Sambalpur district in the close proximity of NH53 and state highways. IIM Sambalpur had assigned NBCC for providing the “Project Management Consultancy” services for this project. NBCC shall also maintain the entire infrastructure facility for the next 2 years.

The campus boasts several key blocks including the Administration, Academic, Auditorium, Innovation and Library Block, Faculty and MDP. Accommodation facilities include residence for faculty & staff and hostels for students and scholars. Additional amenities comprise shopping complex, activity block, sports & recreation facilities with an open-air theatre adding to the aesthetic appeal.

The 4-star GRIHA rated sustainable campus follows energy efficient and ecologically sensitive principles of development. Living spaces are 100% day lighted thereby lowering artificial lighting consumption. The treated water from STP is being used for irrigation and flushing. Rooftop photovoltaic solar power plant, solar water heating systems and solar street lights contribute towards lower power consumption.

NBCC partnering in Odisha’s progress: NBCC has been closely associated with the development key infrastructure projects in Odisha. Some of the key projects include 500 Bedded Medical College & Hospital, Talcher, Development of Sports Facilities for New Medical College, Science Academy, Development of Vyas Sarovar in Jajpur, IIT, Bhubaneswar, Ravenshaw University Cuttack, Utkal University, Bhubaneswar, National Law University etc

Apart from the above, NBCC has entered into building agri-infrastructure for construction of world’s largest grain storage plan in cooperative sector. Till now, 56 MoUs have been signed with various Primary Agriculture cooperatives and cooperative banks in the state. These storage units once created shall help the rural economy and benefit farmers.

Expressing his happiness on this occasion, Shri Mahadevaswamy briefed Hon’ble President of India, Smt. Droupadi Murmu that Kaushal Bhawan has been designed in such a manner to accommodate and support the existing trees. The main attraction of the office complex is a over 80 year old majestic banyan tree with a girth of 7 meters, serving as a focal point and enhancing aesthetic appeal of the surroundings.

The auditorium in Kaushal Bhawan has a capacity of 240 seats. Covering an area of 1.354 acres, this 7 storied building has a built up area of over 23,000 sq. m and a seating space for around 700 persons, was built at a cost of around Rs.150 Cr. and has a parking capacity of over 200 cars. The solar power system (30 kilowatts peak (KWp) capacity) installed in the building of reduces reliance on conventional power and contributes to environmental sustainability. Besides, LED lights throughout the premises and automatic occupancy sensors are installed, ensuring that lights are turned off in unoccupied areas. Keeping in view the welfare of employees, there is space for gym and yoga offering fitness and wellness activities and the facility of a crèche.

Kaushal Bhawan also features, a rainwater harvesting plant with a capacity of 55 m3 which efficiently collects and stores rainwater, promoting sustainable water management within the building an advanced sewage treatment plant (STP). The STP has a capacity of 90 KLD along with a water treatment plant of similar capacity.

Development of Nauroji Nagar and other GPRA colonies:-
Ministry of Housing and Urban Affairs (MoHUA), Government of India appointed NBCC (India) Ltd, a Navratna, Govt. of India Enterprise, as implementing agency for re-development of Nauroji Nagar, New Delhi. NBCC is authorized to market the commercial space on freehold basis. NBCC is building Delhi’s only World Trade Centre situated in Nauroji Nagar, which is one of the largest commercial hubs with modern facilities and amenities and this project.

As on date, the company has sold a total unsold commercial inventory close to 24 lakh sq.ft. through multiple open e-auctions having sale value of over Rs. 9600 crore thereby achieving more than 70% inventory sale with a workforce of around 3000 engaged in the construction of the project, it is expected that the project will be completed in the current FY 2023-24. Many prominent corporate have invested in WTC including HDFC, GAIL, Petronet LNG etc. Recently, HDFC has bought a full tower valuing Rs. 1130 Cr. owing to the popularity of the projects, Commercial space of Rs. 2,650 Crore was sold in the last 6 months.

As a part of the redevelopment of 7 GPRA colonies in New Delhi, NBCC was tasked with the construction of three government colonies, i.e., Sarojini Nagar, Nauroji Nagar and Netaji Nagar. CPWD was given the responsibility of other 4 colonies.

Netaji Nagar originally consisted of 2772 old dilapidated quarters with appx 1.50 lakhs sqm BUA. These old dilapidated quarters are being redeveloped with construction of 2458 new GPRA units with appx. 4.82 lakh sqm of BUA, GPOA with 2.42 lakh sqm and associated social infrastructure. Sarojini Nagar colony is being redeveloped partly as Residential colony with 6730 GPRA quarters having 10.85 Lakhs sqm BUA and partly as Commercial hub with 35000 sqm BUA and associated Social infrastructure. The projects will be completed and handed over in phased manner in the time of next 2-3 years thereby changing the landscape of nearby adjacent area. The total employment generation across the three colonies executed by NBCC is over 1.12 Cr. man-days till now.

NBCC (India) Limited is continuously engaged in delivering infrastructure projects in the country and stands as a cornerstone in shaping the educational landscape while constructing robust educational infrastructure and empowering countless learners.

In a recent development, NBCC has been awarded various works related to the construction of school buildings, residential accommodation, sports facilities and other facilities by Navodaya Vidalaya Samiti for its units at locations of Jharkhand and various parts of Delhi (Shahdara, East Delhi and Narela) .The projects in Jharkhand and Delhi are the vital components of the Navodaya Vidalaya Samiti’s mission to provide quality education in rural and urban areas. NBCC’s collaboration with Navodaya Vidalaya signifies a strategic partnership aimed at fostering infrastructure development. The successful implementation of these projects will positively impact the local communities by providing access to quality education facilities

Shri K.P. Mahadevaswamy, CMD, NBCC, said, “NBCC is committed towards strengthening the education infrastructure in the country. We have been closely involved in constructing educational infrastructure for Navodaya Vidyalayas across India and we hope to continue this association in future also”.

It is mentioned that NBCC is also executing Navodaya Vidalaya Samiti works in North Eastern Region, Odisha, Bihar and Uttar Pradesh valuing Rs. 210.01 crore.

NBCC had also successfully executed Deen Dayal Hastakala Sankul (Trade Facilitation centre and crafts museum) at Badalalapur in Varanasi. The facility was dedicated by Hon’ble Prime Minister fto the Nation with a vision to encourage people to visit the center and further amplify tourism in the region. He had emphasized on the positive impact that Deendayal Hastkala Sankul would have on the lives of the artisans and weavers and further inspire future generations to carry on the legacy.

The Memorandum of Understanding was signed by Shri Pradeep Sharma (CGM), NBCC, Shri Gaurav Mishra, Joint Director, NIFT in the presence of other senior officers from both the organisations.

Since establishment of NIFT in 1986, this pioneering institute of fashion education in the country has been providing professional human resource to the textile and apparel industry. Over the years NIFT has also been working as a knowledge service provider to the Union and State governments in the area of design development and positioning of handlooms and handicrafts.

Shri Mansukh Mandaviya, Hon’ble Union Minister of Health and Family Welfare (MoHFW), today, inaugurated the new building of Sports Injury Centre (SIC) at Vardhman Mahavir Medical College & Safdarjung Hospital, executed by NBCC on 08.01.2024. He also inaugurated Accident and Emergency Block at Lady Harding Medical College and Hospital, New Hostel Block at ABVIMS & Dr. Ram Manohar Lohia Hospital, New Hostel & Academic Block at Rajkumari Amrit Kaur College of Nursing which were executed by HSCC, a subsidiary of NBCC (India) Limited.

Expressing his happiness, Shri K.P. Mahadevaswamy, CMD, NBCC said, “NBCC is committed to play a vital role in India's healthcare infrastructure development along with its subsidiaries. Through our diverse projects, innovative approaches, and dedication to affordability and accessibility, we strive to make quality healthcare accessible to all citizens. We have extensive experience in constructing state-of-the-art hospitals, medical colleges, and super specialty healthcare centers across India.”

Built at a cost of approx. Rs. 350 Cr. the Sports Injury Centre will have diagnostic, physiotherapy, rehabilitative, surgical and inpatient facilities under one roof and will cut short the waiting list of patients. This will also boost the existing bed strength of 40 to over 150 beds and six operating rooms from earlier three. With all the modern facilities, technology and amenities this centre will now be one of the largest medical outfits in the South East Asia with a total built up area of over 43000 sqm catering to the specific needs of the sportsmen and women. The building has also been rated with GRIHA Rating 3 making it an environmentally friendly and sustainable structure.

NBCC (India) Limited has been awarded the work of construction of new multi- storied staff quarters (100 nos) complex at Bhoinagar, Bhubaneshwar by Odisha Power Transmission Corporation Limited (OPTCL). The total cost of the work is Rs.69.03 crore.

NBCC is successfully executing various projects with value of over Rs 3000 Crore in Odisha. The major ongoing projects include IIT Bhubaneshwar, IIM Sambalpur, PMGSY works in Odisha, MCL Medical College, Talcher and various development work for District Mineral Foundation at Jajpur. Recently, NBCC has also been engaged by DMRC for the construction of staff quarter residential building of Bhubaneshwar Metro Rail Project (BMRC) valuing Rs.89.90 Crore.

NBCC (India) Limited is a Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company is listed with National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) since 2012.

It is mentioned that NBCC is also executing Navodaya Vidalaya Samiti works in Odisha, Bihar and Uttar Pradesh valuing Rs. 112.01 crore.

NBCC (India) Limited is a Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company is listed with National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) since 2012.

It is mentioned that 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) Limited is a Navratna Enterprise under the Ministry of Housing and Urban Affairs. The company is listed with National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) since 2012.

In a step towards the resolution of stuck Amrapali project, NBCC (India) Limited has completed the sale of 5,000 flats having a value of around Rs. 2,900 Cr. This is a significant step towards delivering relief to the thousands of purchasers who have been waiting for years for their apartments. With this, the company has completed the sale of over 80% of the inventory available.

The sale of these 5,000 units has been conducted by Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE), a company floated to complete the pending Amrapali projects, under the supervision of the Supreme Court-appointed Ld. court receiver.

Further, NBCC is also completing and delivering the stalled/uncompleted projects of Amrapali. There are 26 projects in total with 11 projects in Noida, 14 projects in Greater Noida and one project in Manesar. Amrapali projects, namely Eden Park, Sapphire-1, Princely Estate, Silicon City-1, Platinum & Titanium, Zodiac, Silicon-2 located in Noida and the projects of Castle, Leisure Valley Villas, Centurian Park Low Rise & O2 Valley, Kingswood located in Greater Noida have been completed by NBCC. These 11 projects are valued around Rs.1100 Crore.

Currently, 14 projects with a value of around Rs. 7100 Crore are under execution. A strong workforce of approximately 8000 is working across various projects. One commercial project in Greater Noida, i.e., Tech Park is yet to be started.

NBCC has completed and started to handover units to Ld. Court Receiver/Committee/Home Buyers. Around 15,000 flats across various projects are occupied. Under its scope of work, NBCC had to complete 15,915 units along with its structure, out of which the structure of 13,150 units (over 82%) have already been completed and work is in progress to complete the remaining 2765 units. NBCC is committed to complete the projects including finishing work before March 2025.

NBCC signed a Memorandum of Understanding (MoU) with SAIL, ISP (Burnpur) on 22.12.2023 for Civil and various types of infrastructure works for plant and township at SAIL ISP, Burnpur.

The Memorandum of Understanding was signed by Shri Devendra Kumar, Executive Director (Engg.) NBCC and Shri Raghwendra Trivedi, Deputy General Manager,(Engg.)in presence of Shri B. P. Singh, Director Incharge, and other senior officers from both the organisations.

The project cost is approximately valued at Rs.150 Crore.

Shri Om Birla Hon'ble Speaker Lok Sabha graced the Northern Region Student Convention as Chief Guest at Scope Complex, New Delhi on 23.12.2023 for newly Qualified CMA on "Role of CMA In Rashtra Nirman.” organised by NIRC of ICMAI.

Smt. Baldev Kaur Sokhey Director (Finance), NBCC, graced the program as a Guest of honour along with several other distinguished personalities like Shri R.P. Goyal (DF) NHPC, Shri Sanjay Jindal (DF) EIL, Ms. Anu Kukreja (DF) NDMA, Shri Parmanand Goyal (ED) Finance, IOC Ltd.

It is a significant gathering that brought together notable figures in the field of CMA, enhancing the discourse on their role in Nation Building.

Smt. Droupadi Murmu, Hon'ble President of India inaugurated NBCC built wooden replica of historic flag post at Rashtrapati Nilayam Hyderabad on 21.12.2023. The historic flag post marks the integration of Hyderabad state into the Indian Union in 1948.The recently inaugurated flag post is the tallest wooden flag post in India. Hon’ble President applauded the efforts of NBCC for timely completion of the project.

Speaking on the occasion Shri. K.P. Mahadevaswamy, CMD, NBCC said, “Today marks a significant moment as we inaugurate the new flag post, a symbol of our unvawering commitment and unity. This milestone reflects our dedication to upholding the values that define our organisation and the pride that we hold in serving our Nation.”

The total height of the flag post is 36 meters (i.e. 120 feet) from the top of the old foundation.The recently inaugurated Flagpost is made up of high quality teak wood which is more than 80 years old. Lateral support of total 18 stay wires are provided to keep the flag pole standing in balanced position which are fixed to the stone foundation installed in the ground through the flag post. The work was executed maintaining the highest quality standards and after following guidelines and formalities.

NBCC signed a Memorandum of Understanding (MoU) with SAIL Durgapur Steel Plant (DSP) for infrastructure development works in DSP Township and CSR works. As per the MoU, NBCC will also carry out renovation and retro fittings work in DSP.

The Memorandum of Understanding was signed by Shri Devendra Kumar, Executive Director (Engg.) NBCC and Shri V. Manwati, Executive Director (P & A), SAIL Durgapur in presence of Shri B. P. Singh, Director Incharge, SAIL, Durgapur and other senior officers from both the organisations.

The project cost is approximately valued at Rs.150 Crore.

NBCC inked a Memorandum of Understanding (MoU) with Pt. Deendayal Upadhyaya National Institute For Persons with Physical Disabilities (Divyangjan), PDUNIPPD (D), for planning, designing and execution of Construction of permanent building of Composite Regional Centre (CRC) at Samba, Jammu with an approximate cost of Rs 29.70 Crore. The construction of regional centre will cater to need of empowerment of Persons with disabilities of all age groups.

The Memorandum of Understanding was signed by Shri Pradeep Sharma CGM (Engg), NBCC, Shri Jitendra Sharma, Director, Pt. Deendayal Upadhyaya National Institute for Persons with Physical Disabilities (Divyangjan) in the presence of Shri.Rajeev Sharma JS, DEPwD,MoSJE and other senior officials.

Prior to this, NBCC was awarded construction of permanent building of Composite Regional Centre (CRC) at Chhatarpur, Madhya Pradesh valuing Rs.25.19 Cr

NBCC (India) Limited conducted 22nd auction for the sale of commercial space in the World Trade Centre, Nauroji Nagar, New Delhi. The Company has sold a total unsold commercial inventory of 2.23 lakh sq. ft. (approx.) having sale value of Rs. 905.01 crore, out of which 0.43 lakh sq.ft. area having sale value of Rs. 191.84 crore has been sold to private entities.

Further, as on date, the company has sold a total unsold commercial inventory of 23.92 lakh sq.ft. through open e-auction having sale value of Rs. 9656.62 crore.

Ministry of Housing and Urban Affairs (MoHUA), Government of India has appointed NBCC (India) Ltd, a Navratna, Govt. of India Enterprise, as implementing agency for re-development of Nauroji Nagar, New Delhi. NBCC is authorized to market the commercial space on freehold basis.

NBCC shall initially construct 1469 nos of grain storage units across various states of India with an approximate value of Rs 1500 crore. These units shall be constructed using innovative building technologies.

Expressing his happiness on this development, Shri K.P. Mahadevaswamy, CMD, NBCC said, “NBCC is delighted to be a part of creation and strengthening the agri-infrastructure in the country. I believe such initiatives will be instrumental in helping the farmers of the country in getting access to proper storage facilities, especially in the rural areas.”

The Memorandum of Understanding was signed by Shri Pradeep Sharma CGM (Engg), NBCC, Shri Ashok B. Pillai, ED, NCDC, and Shri S.S. Vaseeharan, GM, NABARD.

NBCC has inked an MoU with Institute of Chartered Accountants of India (ICAI) for planning, designing and execution of ICAI’s Buildings & Renovation Works at various locations in India. Dr. Jai Kumar Batra, Secretary, ICAI and Shri Pradeep Sharma, CGM (Engg), NBCC signed the MoU in presence of other officials from both the organizations.

NBCC will render project management consultancy services from concept to commissioning.

NBCC has recently completed similar high value projects like Kaushal Bhawan valuing Rs. 172 Crore, Vanijya Bhawan valuing Rs 226 Crore, Madhya Pradesh Bhawan valuing Rs 150 Crore etc.

NBCC celebrated its 64th Foundation Day on 15 November’23 at Jawaharlal Nehru Stadium, New Delhi. The event was graced by Shri Hardeep Singh Puri, Hon’ble Union Minister for Housing and Urban Affairs & Minister for Petroleum and Natural Gas, Shri Manoj Joshi, Secretary, Ministry of Housing and Urban Affairs; Shri K.P. Mahadevaswamy, Chairman & Managing Director, NBCC, Directors and other senior officials of Ministry and NBCC.

Hon’ble Minister, Shri Puri appreciated NBCC's excellent contribution towards nation's growth highlighting company’s achievements and business performance, particularly in the recent years. During his address he said, “NBCC has emerged as a leader in construction sector with several high quality projects in India and Overseas.” On the occasion Shri Puri released a Coffee Table Book named “Kayakalp- Rekindling Hopes…Delivering Promises ” outlining the journey of NBCC behind the execution of the long stalled Amrapali Projects and providing the much relief to the distressed homebuyers.

The event featured musical renditions by renowned Bollywood singers Padma Shri Kailash Kher and Ms. Harshdeep Kaur which enthralled the audience.

NBCC (India) Ltd, a Navratna CPSE and its subsidiary Hindustan Steelworks Construction Limited (HSCL), a Miniratna under the Ministry of Housing and Urban Affairs (MoHUA), paid Dividend of Rs. 60 Crore and Rs. 5.89 Crore respectively to the Government of India (GOI) for FY 2022-23 on November 14, 2023.

The Dividend cheque(s) were handed over to Shri Hardeep Singh Puri, Hon'ble Minister for Housing & Urban Affairs (MoHUA) and Petroleum and Natural Gas by Shri K.P Mahadevaswamy, Chairman & Managing Director, NBCC and Chairman, HSCL in the presence of Shri Manoj Joshi, Secretary (MoHUA).

Smt B.K. Sokhey, Director (Finance), Shri Saleem Ahmad, Director (Projects), Shri T.L.N Reddy, Managing Director HSCL and senior officials of NBCC and MoHUA were also present during the occasion.

The Board of Directors in its meeting held on Thursday i.e. Nov 09, 2023 approved the Financial Results of the company for the Quarter and Half Year ended on 30.09.2023. Company reported PBT of Rs 187.75 Cr. on standalone basis and Rs. 208.56 Cr. on consolidated basis showing growth of 65.81% and 65.76% respectively on YoY basis for half year ended on 30.09.2023

Company earned Profit After Tax (PAT) of Rs.148.40 Cr. on standalone basis and Rs. 159.31Cr. on consolidated basis for the half year ended on 30.09.2023, showcasing a jump of 72.08% and 71.52% respectively on YOY basis.

A preferred partner of the Government for infrastructure projects, NBCC’s 93.22% of business revenue comes from PMC segment and Redevelopment works on consolidated basis.

In a bid to expand its footprints in the global arena, NBCC (India) Ltd., a Navratna PSU is actively exploring business opportunities in Kingdom of Saudi Arabia. In a recent development, an e-meeting was held under the chairmanship of Joint Secretary, (HFA), Ministry of Housing and Urban Affairs on cooperation in Housing and other infrastructure. The meeting was attended by Shri Abdulrahman Altawil, Deputy Minister, Real Estate Development, Saudi Arabia, representatives from the National Housing Company (NHC), Saudi Arabia and senior NBCC officials.

NHC, Saudi Arabia is actively collaborating with various countries to develop real estate, affordable housing, innovative building technology in Saudi Arabia. NBCC has expressed interest in collaborating with Saudi Arabian companies for new business opportunities in Saudi Arabia.

As per a recent report, by a reputed consultancy firm, Saudi Arabia will need to create approximately 1.2 million new homes to reach a housing stock of 4.96 million houses by 2030. Housing demand is expected to increase from 99,600 houses in 2021 to 153,000 houses by 2030 with an average of 124,000 houses over the period.

The meeting with representatives of Saudi Arabia thus presented a good platform for a strong commitment for further collaboration and exploration of joint ventures in the affordable housing and construction sectors, keeping in mind the shared goals of both Nations.

NBCC (India) Limited conducted 21st auction for the sale of commercial space in the World Trade Centre, Nauroji Nagar, New Delhi. The Company has sold a total unsold commercial inventory of 3.91 lakh sq. ft. (approx.) having sale value of Rs. 1557.51 crore, out of which 2.97 lakh sq.ft. area having sale value of Rs. 1183.7 crore has been sold to private entities. This is the highest sale realisation in a single auction since launch of WTC, New Delhi in 2017.

Further, as on date, the company has sold a total unsold commercial inventory of 21.7 lakh sq.ft. through open e-auction having sale value of Rs. 8751.61 crore.

Ministry of Housing and Urban Affairs (MoHUA), Government of India has appointed NBCC (India) Ltd, a Navratna, Govt. of India Enterprise, as implementing agency for re-development of Nauroji Nagar, New Delhi. NBCC is authorized to market the commercial space on freehold basis.

NBCC (India) Limited, a Navratna CPSE, signed an MoU with Visakhapatnam Port Authority (VPA), Visakhapatnam for Renovation/ Refurbishment of Office Buildings located in VPA on 13.10.2023. Under this work, Port Administrative Building, DCI building, Old DC building, Signal Station Building and other ancillary buildings will be renovated /refurbished with a built up area of 2.70 lakh sqft (approx). The envisaged cost of the project is approximately Rs 80 crore

Shri R.N. Harikrishna, Chief Mechanical Engineer (CME) /CE (Statutory), VPA and Shri P.S. Rao, CGM, NBCC (India) Ltd signed the MOU in the presence of Dr. Madhiyyan Angamuthu, IAS, Chairman, VPA, and other senior officers of VPA and NBCC.

NBCC signed a MoU with Ali Yavar Jung National Institute of Speech and Hearing Disabilities (Divyangjan) (AYJNISHD), Mumbai for “Construction of Permanent Building of Composite Regional Centre (CRC) at Chhatarpur, Madhya Pradesh”, valuing Rs 25.19 Cr.

The MoU was signed by Dr. Raju Arakh, Director (Officiating), AYJNISHD and Shri Pradeep Sharma, CGM (Engg.), NBCC.

It is also expected that Department of Empowerment of Persons with Disabilities (Divyangjan) under MSJ&E, Govt of India is considering to award similar CRC’s work at Madurai, Jaipur and Jammu to NBCC on similar lines

Shri K. P. Mahadevaswamy assumed the charge of Chairman & Managing Director of NBCC (India) Ltd., a distinguished Navratna CPSE w.e.f. from October 1, 2023. Prior to his appointment as CMD by Govt. of India, he held the charge of Director (Commercial), NBCC, his comprehensive portfolio included the execution of the Redevelopment of 7 GPRA Colonies, the Hon’ble Supreme Court Monitored “Amrapali Group Works,” Real Estate Division, Business Development Division, Central Procurement Division, Overseas works etc.

He shall also hold the responsibility of Chairman, Hindustan Steelworks Construction Ltd. (HSCL) and HSCC (India) Limited, two subsidiaries of NBCC.

His leadership at HSCL as Chief Executive Officer (CEO) is particularly noteworthy. During his tenure, he successfully transformed the company's operations from people driven to system driven. Within a very short span of his leadership, he turned around the loss-making PSU-HSCL into a profitable Mini-Ratna entity.

Shri Swamy has received many awards and recognitions during this professional career in the real estate sector. To name a new, he has been conferred with “Realty Person of the Year” at EPC World Awards a 2023 and has been honoured with “CEO with HR Orientation Award” by World HRD Congress & Times Ascent 2021.

A Civil Engineer Graduate from the Mysore University. Shri Swamyhas also done MTech in Research. Shri Swamy has further enriched his Business Management and Leadership skills with an Executive Programme in Leadership & Management from IIM Calcutta. Shri K. P. M.Swamy has over 32 years of extensive & rich experience in the construction industry.

NBCC (India) Ltd the State-owned Navratna Enterprise Company is poised to capitalise on the increased impetus to infrastructure development by the Government. Shri Pawan Kumar Gupta, Chairman & Managing Director, NBCC (India) Limited at the 63rd Annual General Meeting (AGM) held through video conferencing (VC) and other audio visuals means (OAVM) at its registered office i.e, NBCC Bhawan, Lodhi Road, New Delhi highlighted the key achievements of the company during FY 22-23. He also showcased the various opportunities that the company is pursuing in both domestic and international sectors.

During the meeting, other members of NBCC Board, i.e, Smt. B.K. Sokhey, Director (Finance), Shri K.P. Mahadeva Swamy, Director (Commercial), Shri Saleem Ahmed, Director (Projects), Government Nominee Directors Shri Ravi Kumar Arora, Joint Secretary (Land & Estates) and Shri Sanjeet, Joint Secretary & Financial Advisor, Ministry of Housing and Urban Affairs, Government of India, Independent Directors Shri Bhimrao Panda Bhosale, Shri Rajeev Kumar, Shri Asim Misra, and Smt. Deepti Gambhir, Company Secretary, NBCC were also present.

The Company has declared a final dividend of 54 paisa (54%) per paid-up equity share of Re.1/- each.

It is pertinent to mention that NBCC has recently completed the prestigious Integrated Exhibition-cum-Convention Centre (IECC) as a modern complex as part of the Pragati Maidan redevelopment project. Hon’ble Prime Minister of India has also applauded the tireless efforts, involvement and commitment in the construction of the project.

CMD, NBCC informed the shareholders that the company is diversifying into new sectors namely, aviation and Health sector, Defence works, procurement of high-end machines and equipments, smart city mission projects, irrigation projects like renovation/repair of power channel & development of canal networks and industrial estates.

For the FY 2022-23, total income of Company was Rs 6920.57 Cr (standalone) and Rs 8961.47 Cr (consolidated) whereas profit after tax was Rs. 231.13 Cr (standalone) and Rs. 278.01 Cr (consolidated).

While concluding, Shri Pawan Kumar Gupta, CMD, NBCC has expressed his heartfelt appreciation and gratitude to the Government of India, specifically the Ministry of Housing and Urban Affairs, Ministry of Finance, Department of Public Enterprises, DIPAM, SEBI, and Ministry of Corporate Affairs (MCA), as well as all other Central and State Government Agencies, C&AG of India, esteemed clients of NBCC, valued customers, dedicated employees, and stakeholders for their support and cooperation which has been instrumental in taking the Company forward on its journey of progress and success.

NBCC continues to strive for excellence in its core business activities and is committed to provide utmost value to its shareholders.

Hon’ble Chief Minister of Odisha, Shri Naveen Patnaik inaugurated NBCC built Ravenshaw Uiversity in Cuttak on 16.09.2023. The event was also attended by Shri Bhartruhari Mahtab, MP Cuttak, Shri Ranendra Pratap Swain MLA, Athagarh, Shri Souvic Biswal, MLA, Shri Chandra Sarathi Behera, MLA, Shri Sadarother, MLA and senior officers of District Administration, Raneshaw University and NBCC were also present.

Mr. Kahnu Charan Malik, Registar, Raneshaw University applauded the good quality of construction of Academic Block and two hostels in Phase I at Mahanadi Campus.

NBCC signed a Quadripartite MoU with Rastriya Ispat Nigam Limited (RINL), on 08.09.2023 for monetisation of non-core assets of RINL at Vishakhapatnam. NBCC will act as technical cum transaction advisor and assist MoS, RINL and NLMC in monetisation of non-core assets of RINL.

The MoU was signed by Shri Amit Gupta, General Manager (Liaison)-RINL and Shri P.S. Rao, CGM (Engg.)/Head-SBG South, NBCC along with other officials of NBCC.

In the presence of Shri Manoj Kumar Chairman, KVIC, Shri Vinit Kumar, CEO, KVIC and Shri P.K. Gupta, CMD, NBCC, MoU was inked with KVIC for planning, designing and execution of upcoming works such as Construction of office building(s), Residential campus, Re-development, Repair & Renovation of KVIC Properties Pan India valuing approx Rs 150 Cr on 18.09.2023.

The MoU was signed by Mr. M. Rajanbabu, Dy.CEO (Estate and Services) KVIC and Sh. Pradeep Sharma, CGM (BD) NBCC

NBCC signed a MoU with SAIL/BSL for Consultancy & Project ManagementServices for upcoming Infrastructural related projects of BSL Plant, township,Mines & Collieries for duration of three years initially.

The MoU was signed at Bokaro, Jharkhand by Shri P.H. Sharma, CGM (Proj.Comm.), SAIL, Bokaro Steel Plant and Shri Pravin Tukaram Doiphode, CGM(Engg.), NBCC.

TThe approximate project cost is Rs 180 Cr.

Shri Saleem Ahmad, Director (Projects) along with other senior officers felicitated Shri Pawan Kumar Gupta, CMD, NBCC on successful completion of Bharat Mandapam and G-20 event.

NBCC inked a MoU with Kerala State Housing Board (KSHB) for “Development of 17.9 acres of land parcel of KSHB at Marine Drive, Kochi, Kerala”.

The MoU was signed at Trivandrum, Kerala by Mr B Abdul Nasar (IAS) Secretary KSHB and Shri Pradeep Sharma, CGM (BD), NBCC in presence of Shri. K.P.M Swamy, Director (Commercial), NBCC and Ms. Tinku Biswal IAS Principal Secretary Housing and Revenue, Govt of Kerala.

The approximate project cost is Rs 2000 Cr.

NBCC inked an MOU with Indian Medical Association (IMA) on 25.08.2023 for Planning, Designing and Execution of IMA House at Indraprastha Marg, IP Estate, New Delhi. The MoU was signed by Dr. Anil Kumar Jaydev Nayak, Hony. Secretary General, IMA, Dr. Sharad Kumar Agarwal, National President, IMA and Shri Pradeep Sharma, CGM (Engg.) NBCC

NBCC (India) Limited conducted 20th auction for the sale of commercial space in the World Trade Centre, Nauroji Nagar, New Delhi. The Company has sold a total of 1.98 lakh sq.ft built up area for Rs. 821.02 crore, out of which 1.23 lakh sq.ft. area having sale value of Rs. 518.08 crore has been sold to private entities.

Further as on date the company has sold a total area of 17.79 lakh sq.ft through open e-auction having sale value of Rs. 7194.10 crore.

NBCC (India) Limited under the aegis of Ministry of Housing and Urban Affairs signed an MoU with Indian Green Building Council (IGBC) on 11.08.2023 for promoting green buildings in the country and conducting awareness sessions for promoting green buildings to facilitate adoption of green buildings. NBCC has taken suo moto initiative to enhance the green

The MoU was inked by Shri P.K. Gupta, CMD, NBCC and Shri Gurmeet Singh Arora, Chairman, IGBC and in the presence of Smt B.K.Sokhey, Director (Finance), NBCC, Shri Saleem Ahmad, Director (Projects), NBCC along with other senior officials from both the sides.

On the occasion Shri Gurmeet Singh Arora, Chairman, IGBC, said “NBCC’s service to the nation in building habitats of all forms is unparalleled. India has been a global leader in the green buildings movement over the last two decades, with over 10.27 billion sq. ft. of green footprint, spanning buildings of all asset classes of built environment. The contribution of NBCC in the green journey has been phenomenal. Today’s formal engagement with NBCC will help advance the National green building movement.”

NBCC has been actively promoting adoption of sustainable practices.

The Board of Directors in the meeting held on Thursday i.e. August 10, 2023 approved the Financial Results of the company for the Quarter ended on 30.06.2023. Company reported Standalone Turnover of Rs. 1474.71 Cr. for Q1 FY 2023-24 Compared to Rs. 1359.22 Cr. for Q1 FY 2022-23. Consolidated Turnover for Q1 FY 2023-24 is Rs. 1913.79 Cr. compared to Rs. 1786.72 Cr. for Q1 FY 2022-23.

Profit Before Tax (PBT) on Standalone basis increased from Rs. (16.89) Cr. to Rs. 84.67 Cr. and on Consolidated basis increased from Rs. (5.55) Cr to Rs. 103.78 Cr YoY basis for quarter ended 30.06.2023.

Profit After Tax (PAT) on Standalone basis has shown growth from Rs. (13.20) Cr. to Rs. 63.13 Cr. and on Consolidated basis from Rs. (4.85) Cr. to Rs. 77.41 Cr. YoY basis for the Q1 FY 2023-24

A preferred partner of the Government for infrastructure projects, NBCC’s 94.6% of business revenue comes under PMC segment and Redevelopment works.

Hon’ble Prime Minister Shri Narendra Modi inaugurated the International Exhibition cum- Convention Centre (IECC)on 26th July2023. The unique and prestigious complex is built by NBCC. This venue willhost G-20 Leaders Summit which is to be held in September under the presidency of India. Earlier Hon’ble Prime Minister Narendra Modi performed "Pooja" ahead of its official inauguration and felicitated workers who were the part of the construction of IECC Complex.

The IECC (Integrated Exhibition-cum-Convention Centre) implemented at a cost of more than Rs.2600 Cr. has been built by NBCC, a Navratna CPSE under the aegis of Ministry of Housing and Urban Affairs as a modern complex as part of the Pragati Maidan redevelopment project. The convention centre is built on an elevated podium, giving visitors a view of India Gate. The Prime Minister applauded the tireless efforts, involvement and commitment in the construction of the project which is now dedicated to nation.

The IECC has the capacity to seat 7,000 people in its multi-purpose and plenary halls combined — larger than the iconic Sydney Opera House which can hold around 5,900 in its various halls.

NBCC (India) Ltd., a Navratna CPSE, has signed a Memorandum of Understanding (MoU) for the FY 2023-24 and FY 2024-25 on 14th July 2023 with its Administrative Ministry, MoHUA, outlining the performance targets for the Company for the FY 2023-24 and FY 2024-25.

The MoU has been signed by Shri Manoj Joshi, Secretary, Ministry of Housing and Urban Affairs, on behalf of the Ministry and by Shri P.K. Gupta, CMD, NBCC, signed on behalf of NBCC.

Shri Ravi Kumar Arora (IAS), Joint Secretary (Land & Estates); Shri Sanjeet (IRAS), Joint Secretary & Financial Advisor (MoHUA); Smt. B.K. Sokhey, Director (Finance); Sh. K.P.M Swamy, Director (Commercial); Shri Saleem Ahmed, Director (Projects); Sh. Pawan Kumar, Executive Director (Engg.) of NBCC along with other officials of the Ministry and NBCC were present at the MoU signing event.

The MoU sets the performance targets for the Company for the FY 2023-24 and FY 2024-25 and provides the snapshot of the milestones to be achieved by the company in respect of Financial& Operational Performance Parameters.

NBCC (India) Limited signed an MoU with Paradip Port Authority (PPA) on 12.07.2023 for Upliftment and Renovation of PPA Administrative Building, Jawahar Guest House, and Aquarium of PPA, along with Renovation, Construction and Safety Audit of 4468 Nos. (Type A, B, C, D) - Residential and Non-Residential Buildings of Paradip Port

The MoU was inked by Shri Himanshu Rout, Chief Engineer, PPA and Shri Rakesh Narayan Sinha, General Manager (Engg) from NBCC in the presence of Shri P.L.Haranadh, IRTS, Chairman, Paradip Port Authority and Sh. Nilabh Dasgupta, Dy. Chairman, Paradip Port Authority along with other officials.

NBCC inked an MOU with Currency Note Press (CNP) under Security Printing and Minting Corporation of India Limited (SPMCIL), Maharashtra on 23.06.2023 for Planning, Designing and Execution of Upcoming works such as State of Art Museum, Infrastructure development works like Treatment Plants etc. at Currency Note Press (CNP) Nasik.

The MoU was signed by Shri Bolewar Babu, CGM, CNP Nasik and Shri Pradeep Sharma, CGM (Engg.) NBCC.