NBCC Bags Construction Projects Worth ₹9,445 Crore in Four States

NBCC (India) Ltd., a leading government-owned construction company, has secured multiple projects worth ₹9,445 crore across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. The National Company Law Appellate Tribunal (NCLAT) has appointed NBCC as the Project Management Consultant for completing 16 stalled projects of Supertech Ltd. 

About NBCC

NBCC (India) Limited, a Navratna Enterprise under the Ministry of Housing and Urban Affairs, Government of India, is a prominent player in the infrastructure sector. The company operates across three core business segments: Project Management Consultancy (PMC), Engineering Procurement & Construction (EPC), and Real Estate, delivering innovative and sustainable solutions nationwide.

Major Projects in Four States

The 16 Supertech projects involve the completion of 49,748 housing units spread across Uttar Pradesh, Uttarakhand, Haryana, and Karnataka. These projects, valued at ₹9,445 crore, include a 3% contingency provision. NBCC will oversee the construction as the Project Management Consultant, earning an 8% fee, which includes a 1% marketing fee. This initiative reflects NBCC’s capability to revive delayed or stalled projects, address housing challenges, and contribute to regional development.

Focus on Sustainable Infrastructure

In addition to the Supertech projects, NBCC has recently received an order worth ₹432 crore from the Central University of Odisha. The project involves creating a net-zero sustainable campus in Sunabeda. NBCC’s role includes providing comprehensive project management consultancy services, demonstrating the company’s commitment to eco-friendly and innovative infrastructure solutions.

NBCC Share Performance

As of December 13, 2024, 11:41 AM the shares of NBCC are trading at ₹98.67 per share with a decline of 2% from its previous day’s closing price. Over the last month, the stock has seen a surge of 10.38%. The stock has a 52-week high and 52-week low of ₹139.83 per share and ₹48.33 per share respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.