Navratna Central Public Sector Enterprise which is one of the largest realty CPSEs in India jumped upto 3 percent in the day’s trade upon being selected by the Ministry of External Affairs to provide services for a project worth Rs. 249 Crores.
With a market capitalization of Rs. 19,944 Crores, the shares of NBCC (India) Limited were trading at Rs. 110.80, up 1.23 percent from its previous day’s close price of Rs. 110.80.
NBCC (India) Limited has been selected by the Ministry of External Affairs to provide project management consultant services for the construction of chancery-cum-residential complex at CGI, Jeddah, the project is worth Rs. 249 crore. The Ministry of External Affairs has awarded the said work to NBCC at a PMC fee of 4.41 percent i.e., Rs. 11 Crores.
NBCC (India) Limited is a Navratna central public sector enterprise, it is one of the largest realty CPSEs in India with operations in project management consultancy and realty development businesses in the domestic as well as foreign markets.
As of Q2FY24, it has a consolidated order book of ~Rs. 55,300 Crores and it generates 92 percent of its revenue from Project Management Consultancy, 6 percent from Engineering procurement and construction, and 2 percent from real estate.
It has a strong business clientele base, consisting of its well-known clients like SJVN, BHEL, NTPC, IIT, IIM, the Republic of Mauritius, the Republic of Maldives, and many More.
Some of the prestigious projects completed or in progress are the World Trade Center, Bharat Mandapam in which the G20 summit was hosted, Garvi Gujarat Sadan, AIIMS Bilaspur, and many more.
Its revenue from operations grew by 20.92 percent from Rs. 1,587 Crores in Q3FY23 to Rs. 1,919 Crores in Q3FY24, accompanied by increasing profits of Rs. 49 Crores to Rs. 94 Crores.
Written by: Bharath K.S
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