NBCC Ltd

State-owned construction major NBCC (India) Ltd has posted a 26% year-on-year increase in consolidated net profit for the first quarter, reaching Rs. 135 crore, driven by robust execution of ongoing projects and improved operational efficiencies. Revenue for the quarter also registered healthy growth, reflecting strong demand in both government and private sector assignments. The company’s performance highlights its ability to capitalize on a steady pipeline of infrastructure and real estate projects, while maintaining fiscal discipline.

State-run construction and project management company NBCC Ltd has secured a significant contract valued at Rs 354.88 crore from FDCM Gorewada Zoo Ltd. The agreement entrusts NBCC with project management and supervision services for the execution of the African Zoo, Safari Plaza, Animal Hospital, Quarantine Facility, and associated infrastructure at the Gorewada Zoo. This contract marks an important addition to NBCC’s portfolio, reinforcing its role as a key player in project management consultancy and real estate development within India’s infrastructure sector.

State-owned construction and project management company NBCC Ltd has won a significant contract valued at Rs 296.53 crore from the Meerut Development Authority (MDA) for redevelopment projects in Meerut, Uttar Pradesh. This order marks a strategic expansion of NBCC’s project portfolio in urban infrastructure, leveraging its expertise in project management consultancy and real estate development.

State-owned National Buildings Construction Corporation (NBCC) has made significant strides in residential unit sales through e-auction, generating a combined Rs 2,657 crore from two projects in Greater Noida. The company sold 560 units at Aspire Leisure Park for Rs 1,153 crore and 1,185 units at Aspire Dream Valley for Rs 1,504 crore. This sale not only highlights NBCC’s ability to revitalize stalled housing projects but also serves as a crucial step in repaying outstanding loans and advancing other ongoing initiatives.

In a significant financial move, state-owned National Buildings Construction Corporation (NBCC) Ltd has successfully sold 1,185 residential units in Greater Noida through an e-auction, generating a total revenue of Rs 1,504.69 crore. This strategic auction not only reflects the company's robust market position but also addresses pressing financial obligations. The funds from this sale will be instrumental in completing stalled projects, particularly the long-delayed Amrapali housing developments.