NBCC signs MoA for Rs 400 crore work order

NBCC has signed an MoA with the Department of Sports for the development of National Sports University at Imphal for Rs 400 crore
NBCC signs MoA for Rs 400 crore work order

New Delhi: NBCC (India) Limited has signed a Memorandum of Agreement (MoA) with Department of Sports, Ministry of Youth Affairs & Sports, for the development of National Sports University at Imphal (Manipur). The total cost of this project is Rs 400 crore, the public sector undertaking (PSU) said in a press release.

NBCC bags other developments works

In September, the public sector company bagged other work orders in states like West Bengal, Delhi, Odisha, Maharashtra, UP, Manipur from various clients, valuing nearly Rs 640 crore. With this new work order, NBCC during FY 2019-20 and up to September 2019, has secured a total work order of approximately Rs 2,028 crore.

About the company

NBCC (India) Ltd is a Navratna enterprise under the Ministry of Housing and Urban Affairs (MoHUA). NBCC is certified with ISO 9001:2015 from the Bureau of Indian Standards in respect of project management and consultancy.  The company's present areas of operations are categorised into three main segments:

  1. Project Management Consultancy (PMC)
  2. Real Estate Development and
  3. EPC Contracting.

The company is listed with both the Stock Exchanges since 2012. With growth of 21.63 percent (FY19) and turnover of Rs 7,141.60 crore, NBCC has been growing with a consistent upward trajectory in the past five years. The company's unique business model today makes it stand out as a leader in its own right in the construction sector with more than Rs 60,000 crore order book in hand.

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