The company has acquired new project orders for Rs.17,516 crore during 2015-16
GN Bureau | October 6, 2016
Minister of Urban Development M.Venkaiah Naidu on Thursday asked the management of NBCC to further expand and diversify its business profile by forging partnerships with state governments and other agencies.
He welcomed NBCC’s initiative for setting up a Non-Banking Finance Company. The minister also directed the management to immediately initiate action on seven redevelopment projects in Delhi entailing an investment of about Rs.35,000 crore.
National Buildings Construction Corporation (NBCC) presented a dividend cheque of Rs.108 crore for 2015-16 to Naidu.
A.K.Mittal, chairman and managing director of NBCC, said that among various initiatives under consideration, the company is keen to float a Non-Banking Finance Company (NBFC) to finance growing business.
He said that the company has acquired new project orders for Rs.17,516 crore during 2015-16 and with total work orders of over Rs.70,000 crore, NBCC is the second largest construction company in the country. The company has declared a total dividend of Rs.120 crore for 2015-16.
NBCC has recorded the highest revenue of Rs.5,838 crore during 2015-16, marking an increase of 32 percent over the previous fiscal. Profit After Tax during last fiscal was Rs.311 crore registering an increase of 12 percent over 2014-15. Market capitalization has increased from Rs.1,706 crore in April, 2013 to Rs.16,836 crore in October this year, Mittal said.
Far away in the other world, she must be weeping seeing the flames of fire she lit for justice slowly fading. On December 16, 2012, the 23-year-old Delhi woman, better known as Nirbhaya now, was brutally raped. She eventually succumbed to her injuries, but not before triggering a storm acorss the count
The rise in income inequality has been gradual in India, said the World Inequality Report which noted that at the global level, inequality has risen sharply since 1980, despite strong growth in China. The report said that inequality within world regions varies greatly. In 2016, the share of
BHEL has successfully commissioned a 54 mega watt coal-fired captive power project in Indonesia. The project located at East Kalimantan in Indonesia has been set up by BHEL for PT Citra Kusuma Perdana (PT CKP) for its coal-mining operations. For the project, B
Have things changed five years after the Nirbhaya incident? I see Delhi as the capital of protest, not just capital of rape as it is often painted. In terms of legislation, in 2013 one-stop-centres were set up after the landmark report of Justice Verma Committee and Justice Usha Meh
The winter session of parliament is starting and I am confident that it will be productive session, said prime minister Narendra Modi on Friday. He hoped that there is “constructive debate and we come up with innovative solutions to our nation`s problems”. Speaking
When prime minister Narendra Modi dedicated Kalvari submarine to the nation, it was significant for more than one reason. Not only did the submarine enhance India’s capability as a blue water navy, it also highlighted Project 75 that focused on a major exercise to build six submarines.