NBCC has signed a Memorandum of Understanding (MoU) for the FY 2017-18 with its Ministry. The annual MoU was signed by Rajiv Gauba, IAS, Secretary (UD), Govt. of India, on behalf of the MoUD, and Dr. Anoop. K. Mittal, CMD, NBCC, on behalf of NBCC.
The MoU has set a revenue target of Rs.6850 Crore and PAT of Rs. 261.43 crore (PBT Rs.304.83 crore). Dr. A.K. Mittal, CMD, believes that these targets are easily achievable in view of work orders already received.
During FY18, the public sector Nav Ratna company plans to secure new contracts worth Rs.8,600 Crore.
In FY 2016-17, the company registered a substantial 23% growth in PAT with EBITDA Growth of 31% by achieving a turnover of Rs.6,313 crore.
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MoUD and NBCC sign annual MoU
By IndianMandarins - 2017-06-13 19:00:12
NBCC has signed a Memorandum of Understanding (MoU) for the FY 2017-18 with its Ministry. The annual MoU was signed by Rajiv Gauba, IAS, Secretary (UD), Govt. of India, on behalf of the MoUD, and Dr. Anoop. K. Mittal, CMD, NBCC, on behalf of NBCC.
The MoU has set a revenue target of Rs.6850 Crore and PAT of Rs. 261.43 crore (PBT Rs.304.83 crore). Dr. A.K. Mittal, CMD, believes that these targets are easily achievable in view of work orders already received.
During FY18, the public sector Nav Ratna company plans to secure new contracts worth Rs.8,600 Crore.
In FY 2016-17, the company registered a substantial 23% growth in PAT with EBITDA Growth of 31% by achieving a turnover of Rs.6,313 crore.
