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NBCC (India) Limited is a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs. The Co. operates in three major segments - Project Management Consultancy, Engineering Procurement & Construction, and Real Estate.
NBCC received 'No Objection' from DIPAM for the merger of its wholly-owned subsidiary, HSCC (India) Limited, with NBCC (India) Limited. This strategic move streamlines operations.
NBCC's order book strengthened as the Rajasthan Cabinet approved a ₹5,800 Cr urban development project, including the Rajasthan Mandapam Convention Centre. This marks an expanded scope and value for the company.
NBCC engaged with Seychelles' VP, discussing a 139-acre island infrastructure development encompassing housing, hospitality, and social amenities. This strategic meeting highlights potential for significant new projects and builds on existing cooperation with the island nation.
NBCC will complete 16 stalled Supertech projects, totaling 49,748 houses. The tentative construction cost for these projects is Rs. 9,445 Cr, with NBCC set to earn an 8% PMC fee. This is a significant addition to NBCC's order book.
NBCC's Dubai subsidiary, NBCC Overseas Real Estate LLC, has changed its business scope from just buying and selling real estate to actively pursuing real estate development. This expands its operational mandate in the UAE.