NBCC

skill-india-mission:-nbcc-implements-rpl-programme

Skill India Mission: NBCC implements RPL programme

NBCC has implemented Recognition of Prior Learning (RPL) programme throughout the country under the Skill India Mission of the government of India. Over 2000 Workers have been assessed and certified by the Construction Skill Development Council of India (CSDC). Workers for 39 job roles have been assessed through the written test and practical demonstration by NBCC Engineers with the co-ordination of CII. NBCC under this mission has implemented RPL programme at various work sites.

12 Nov 2019
nbcc-pays-a-dividend-of-rs-77.14-crore-to-the-government

NBCC pays a dividend of Rs 77.14 crore to the government

NBCC (India) Ltd, a CPSE Navratna under MoHUA, has paid its final dividend of Rs 77.14 cr to the government for FY 2018-19 on October 29, 2019. Dividend cheque of Rs 77.14 cr has been handed over to Hardeep Singh Puri, Minister of State for MoHUA by Pawan Kumar Gupta, Chairman & Managing Director of NBCC.

Top officials who attended the occasion included Durga Shanker Mishra (IAS), Secretary, MoHUA; Shiv Das Meena (IAS), Additional Secretary, MoHUA; Functional Directors of NBCC namely: S Rajendra Chaudhari, Director (Commercial); N K Shah, Director (Projects); B K Sokhey, Director (Finance) of NBCC & HSCL.

01 Nov 2019
skill-india-mission:-nbcc-implements-rpl-programme

Skill India Mission: NBCC implements RPL programme

By IndianMandarins 12 Nov 2019

NBCC has implemented Recognition of Prior Learning (RPL) programme throughout the country under the Skill India Mission of the government of India. Over 2000 Workers have been assessed and certified by the Construction Skill Development Council of India (CSDC). Workers for 39 job roles have been assessed through the written test and practical demonstration by NBCC Engineers with the co-ordination of CII. NBCC under this mission has implemented RPL programme at various work sites.

nbcc-pays-a-dividend-of-rs-77.14-crore-to-the-government

NBCC pays a dividend of Rs 77.14 crore to the government

By IndianMandarins 01 Nov 2019

NBCC (India) Ltd, a CPSE Navratna under MoHUA, has paid its final dividend of Rs 77.14 cr to the government for FY 2018-19 on October 29, 2019. Dividend cheque of Rs 77.14 cr has been handed over to Hardeep Singh Puri, Minister of State for MoHUA by Pawan Kumar Gupta, Chairman & Managing Director of NBCC.

Top officials who attended the occasion included Durga Shanker Mishra (IAS), Secretary, MoHUA; Shiv Das Meena (IAS), Additional Secretary, MoHUA; Functional Directors of NBCC namely: S Rajendra Chaudhari, Director (Commercial); N K Shah, Director (Projects); B K Sokhey, Director (Finance) of NBCC & HSCL.

pm-modi-inaugurated-‘garvi-gujarat’-sadan

PM Modi inaugurated ‘GARVI GUJARAT’ Sadan

By IndianMandarins 05 Sep 2019

Prime Minister Narendra Modi inaugurated newly constructed Garvi Gujarat Sadan in New Delhi on 02 September 2019. PM takes a look at the model of Garvi Gujarat Sadan during inauguration while Neelesh Kumar Shah, Director (Projects), NBCC, seen explaining the Prime Minister about Structure. The project executed by NBCC, is an Iconic eco-friendly earthquake resistant Structure, a first of its kind in the capital. Built on an area of 20325 Sq mtr and at a cost of Rs. 131 crore, the Sadan has been completed in 3 months ahead of schedule.

amrapali-verdict-pleases-home-buyers

Amrapali verdict pleases home buyers

By IndianMandarins 24 Jul 2019

Thousands of homebuyers, including the Editor-in-chief of this website, are highly pleased with the no-compromise attitude of the judiciary, PM Narendra Modi, and UP CM Yogi Adityanath against the powerful builders' lobby in Delhi and Lucknow. Many happily point out that what has happened to Amrapali Group now couldn't have happened during the SP or BSP regimes that were seen the hand in glove with builders.


Thousands of home buyers heaved a sigh of relief on Tuesday when a Supreme Court bench canceled the registration of the Amrapali group and assigned to public sector National Buildings Construction Corporation (NBCC) the task to complete all the Group's pending projects. For the first time in years, buyers were hopeful that their investment might be recovered now.


The court canceled the group's registration under the Real Estate Regulatory Authority Act. It reasoned that the home buyers' money was diverted in violation of the Foreign Exchange Management Act (FEMA) and foreign direct investment (FDI) norms.


On Tuesday, the bench of Justices Arun Mishra and U U Lalit also canceled the leases of Amrapali's properties granted by the Noida and Greater Noida authorities and directed the Enforcement Directorate to investigate into the cases of alleged money laundering by CMD Anil Sharma and other directors and senior officials of the group.


It appointed senior advocate R Venkataramani as the court receiver and vested into him all rights of Amrapali properties following the lease cancellation.


The apex court also authorized Venkataramani to enter into any tri-party agreement for sale of the group's properties to recover dues.


The court observed that the Noida and Greater Noida authorities colluded with the realty group in allowing diversion of the home buyers' money and not acting in accordance with the law.

It stressed that Noida and Greater Noida have no right to sell the properties of the Amrapali group to recover their dues.


Relieving over 42,000 home buyers of their anxiety and worries, the court directed Noida and Greater Noida to give completion certificates to flat buyers already residing in various projects of the group.


It also directed the Centre and the state governments to take appropriate action against the builders who have not delivered the group projects on time.

nbcc-reports-net-profit-of-over-384-crore-in-2018-19

NBCC reports net profit of over 384 crore in 2018-19

By IndianMandarins 11 Jun 2019

The State-owned infrastructure giant NBCC (India) Limited has kept its trend of growth and has made significant gains. In the last financial year that ended in March 2019 the NBCC has reported standalone net profit of Rs. 384.11 crore. This is against Rs. 333.60 crore during the previous financial year and, thus, the company has registered a growth of 15.14 per cent.

 

The standalone total income for the financial year 2018-19 stood at Rs. 7432.22 crore as compared to Rs. 6011.14 crore through the previous year.

 

The consolidated total income for FY 2018-19 came to Rs 10151.37 crore as compared to Rs 8609.62 crore the previous financial year.

 

For the quarter ended March 31, 2019, the company’s standalone total income stood at Rs. 2424.09 crore as against Rs. 2223.32 crore of Q4 of the previous year. The net profit for the period stood at Rs. 152.75 crore as compared to Rs. 141.65 crore in the corresponding quarter the previous year.

 

Expressing satisfaction over the gains made by the company as shown by the audit report, NBCC Director (Commercial) Rajendra Chaudhari said, “The financial performance of the company is encouraging and is expected to go up further. In the FY 19-20, we shall be extra determined and fast track steps to achieve a strong market share through further growth.”

 

Neelesh Shah, Director (Projects) too felt confident about keeping up the growth of the company and better its performance in the current fiscal year, or 2019-20.

nbcc-signs-annual-mou-with-ministry-of-fy-2019-20

NBCC signs annual MoU with Ministry of FY 2019-20

By IndianMandarins 06 Jun 2019

NBCC (India) Ltd, a Navratna CPSE under the Ministry of Housing and Urban Affairs (MoHUA) has signed Memorandum of Understanding (MoU) for the FY 2019- 20 with its administrative Ministry on 3rd June 2019. The signed MoU outlines performance targets for the Company based on various financial parameters, dynamic parameters, sector specific and enterprise specific parameters. Sales turnover of the company has been fixed at Rs. 9,500 crore and operating profit has been targeted at 5% of revenue from operations (net). Profit After Tax (PAT) has been targeted as 27% of Average Net Worth.

 

Further, the MoU has laid specific emphasis on achieving set parameters with respect to completion of projects above Rs. 150 crore without time overrun. Among other additional parameters significant to the MoU, include new order-book target, return from three subsidiaries of the company, Human Resource Management and procurement of large number of overseas orders.

 

The annual MoU has been signed by Durga Shanker Mishra (IAS:1984:UP) on behalf of the MoHUA and Das Meena (IAS:1989:TN), CMD, NBCC, on behalf of NBCC.

 

Senior Executives from the Ministry and NBCC were also present on the occasion. Giving broad outlook to the Company’s future operations and growth scale, CMD, NBCC said that NBCC is aggressively focusing upon project implementation to convert the projects in-hand into deliverables, thereby enhancing its brand value. Capitalising on new market opportunities by strengthening its core competencies, pursuing high-value projects in domestic and overseas markets and diversifying into new areas of operation, NBCC is poised to achieve enviable heights this year onwards.

 

During the FY18-19, NBCC (India) Ltd. has registered a turnover of Rs. 7,141.60 crore (21.63% growth over previous year) and net profit of Rs. 384.11 crore (an increase of 15.14% over previous year). 

nbcc-bags-prestigious-‘top-rankers-excellence-award’

NBCC bags prestigious ‘Top Rankers Excellence Award’

By IndianMandarins 05 Mar 2019

Navratna Central Public-Sector Enterprise NBCC has been conferred with the “Top Rankers Excellence” award for Organizational Excellence for its overall performance. The award was presented at the ‘20th National Management Summit’ of Top Rankers Management Consultants held at Le Meridian in New Delhi. Yogesh Sharma, Executive Director, received the award on behalf of NBCC. The theme of the summit was ‘Reform, Perform, and Transform’ which was inspired by Prime Minister Narendra Modi’s vision for a sustainable growth.

nbcc-aligns-with-skill-india-mission

NBCC aligns with Skill India Mission

By IndianMandarins 22 Feb 2019

In line with the Central Government’s initiative towards Skill India Mission, state-owned Navratna PSU NBCC organized a program on February 20, 2019 at ITPO (Pragati Maidan), for awarding certificates to more than 200 construction workers who have been equipped with a new set of skills in tune with changing face of the country’s construction sector. On completion of the Recognition to Prior Learning programme under Pradhan Mantri Kaushal Vikas Yojana (PMKVY) in collaboration with CSDCI and CII, the certificates were awarded by senior officials of NBCC, CSDCI and CII.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.

Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.