NBCC Secures ₹75 Crore PMC Order for IIIT Nagpur

26 Sep 2024 , 08:39 PM

State-owned NBCC (India) Ltd announced on September 25 that it has successfully secured a work order valued at approximately ₹75 Crore, showcasing its continued business growth.

The company has been appointed as the Project Management Consultant (PMC) for the construction and development of various infrastructure projects at the Indian Institute of Information Technology (IIIT) Nagpur, which highlights its involvement in enhancing educational infrastructure.

The infrastructure works will be executed in the Engineering, Procurement, and Construction (EPC) mode, as specified in a recent stock exchange filing, ensuring streamlined project execution.

Earlier this week, NBCC’s wholly-owned subsidiary, HSCC (India) Ltd, announced that it had won a significant order worth ₹1,260 Crore from the Ministry of Health and Family Welfare. This contract involves the establishment of an All India Institute of Medical Sciences (AIIMS) in Darbhanga, Bihar, marking a major achievement for the subsidiary.

NBCC reported a substantial 38% increase in its consolidated net profit for the quarter ending June 2024 (Q1 FY25), reaching ₹107.19 Crore. This figure shows a notable rise from ₹77.41 Crore during the same period last year.

The company’s total income for the April-June quarter of FY25 increased to ₹2,197.83 Crore, up from ₹1,974.03 Crore in the corresponding quarter of the previous fiscal year, reflecting strong financial performance and growth.

These developments indicate NBCC’s robust position in the construction and infrastructure sector, as well as its commitment to delivering significant projects that contribute to national development and public welfare.