NBCC to get 3 projects for redevelopment of Govt properties

NBCC to get 3 projects for redevelopment of Govt properties
18/05/2016 09:56
State-run NBCC has said that it is expecting three projects for redevelopment of the government properties worth about Rs 25,000 crore in the national capital.
Commenting on the issue, NBCC Chairman and Managing Director Anoop Mittal said, “The company's order book as of now stands at over Rs 35,000 crore and is likely to touch Rs Rs 60,000 crore in next few months.”
“Very soon NBCC is likely to add to its kitty, three more works of redevelopment of government properties valuing approximately Rs 25,000 crore and located at Netaji Nagar, Sarojini Nagar and Nauraji Nagar in Delhi," Mittal said.
As per reports, over the last year, National Buildings Construction Corporation (NBCC) has secured some big-ticket projects including redevelopment of exhibition centre of ITPO for Rs 2,149 crore and AIIMS redevelopment works project worth Rs 5,828 crore.
As per reports, the company has reported six per cent increase in its consolidated net profit at Rs 141.48 crore and 40 per cent rise in income from operations to Rs 2,313.38 crore in the fourth quarter of last fiscal.