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NBCC (India) Arm Bags Work Order Worth Rs 411.45 Cr from Maharashtra Govt

Jul 29, 2024

By: BlinkX Research Team

NBCC (India) on Monday, July 29 announced that its wholly owned subsidiary HSCC (India) received a work contract, worth Rs 411.45 crore, from Medical Education & Ayush Department, Government of Maharashtra.

Key Takeaways from NBCC India Order Acquisition

• NBCC’s (India) wholly owned subsidiary HSCC (India) received a work contract, worth Rs 411.45 crore.
• The company received the order from Medical Education and Ayush Department, Government of Maharashtra.
• The contract is for construction of a New Government Medical College of 100 student capacity and 430 bedded Hospital at Buldhana.

The contract is for the construction of a 430-bed hospital and a 100-student capacity New Government Medical College in Buldhana.

On the back of a 42.86% increase in operating revenue to Rs 3,936.98 crore in Q4 FY24 compared to Q4 FY23, the company's consolidated net profit increased by 24.52% to Rs 141.49 crore.

About NBCC (India) Limited

Established in 1960, NBCC (India) Limited is a provider of value-added services. Three business sectors comprise the company's operations: Real Estate Development, Engineering Procurement and Construction (EPC), and Project Management Consultancy (PMC). Project execution for the Pradhan Mantri Gramme Sadak Yojna (PMGSY), infrastructure projects for the civil sector, infrastructure works for national security, and developmental activities in the Northeastern Region are all undertaken by the PMC  segment. 

The Real Estate Development section includes both commercial and residential developments, including corporate office buildings and shopping malls, as well as residential projects like apartments and townships. Project conceptualisation, feasibility studies, thorough project reports, basic and detailed engineering, procurement, building, commissioning, testing, and handing it over to clients in functional and ready-to-use conditions are just a few of the services that EPC provides.

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