New Delhi (27.09.2024): NBCC (India) Ltd is poised to capitalize on the increased impetus to infrastructure development by the Government. NBCC (India) Limited CMD K P Mahadevaswamy at the 64th Annual General Meeting (AGM) held on 25.09.2024 highlighted the key achievements of the company during FY 23-24. He also showcased the various opportunities that the company is pursuing in both domestic and international sectors.
For FY 2023-24, NBCC has achieved its highest-ever revenue from operations since inception, reaching approximately Rs 10,450 Crore, reflecting a significant year-on-year growth of 17.5 per cent. NBCC has also secured new business valuing Rs 23,500 crore in the same period. NBCC with its robust order book of over Rs 81,300 crore and a strategic focus on redevelopment, PSU Land Monetization. NBCC has successfully completed about 22500 units of Amrapali Projects till date. The company is committed to deliver remaining units by March, 2025. NBCC along with ASPIRE team has achieved sale of over 6,300 units in Amrapali Projects with total sale value of more than Rs 3,650 crore. The company has generated around 25 million man-days in FY 2023-24.
During the meeting, other members of NBCC Board, viz., Saleem Ahmad, Director (Projects); Suman Kumar, Director (Commercial); Government Nominee Directors Sanjeet; Joint Secretary & Financial Advisor, Ministry of Housing and Urban Affairs, Government of India, Ravi Kumar Arora; Joint Secretary (Land & Estates) and Independent Directors Bhimrao Panda Bhosale, Asim Misra, Rajeev Kumar (joined through VC) and Deepti Gambhir, Company Secretary, NBCC were also present.