National Buildings Construction Corporation ltd (NBCC), the state owned construction major and a Navratna Company, under the Ministry of Urban Development, has secured work order of Rs 2067 crore in Q1 of FY2014-15 which is well above the targeted MoU of Rs 1,250 crore signed with the government. The annual MoU of NBCC in respect of the order book target has been fixed at Rs 5,000 crore for the company during FY2014-15.
Some of the major works bagged by the company during first quarter includes:
Pradhan Mantri Gram Sadak Yojana (PMGSY) Works of RRs 633 crore in West Bengal.
Four hundred ninety nine crore construction work of Mahanadi Institute of Medical Science & Research in Odisha.
Two hundred twenty six crore Central University construction works in Haryana.
Two hundred fifteen crore Indian Statistical Institute (ISI) centres in Kolkata and Tejpur (Assam). It may be mentioned that the company, over the last few years, has been making extensive efforts to enhance its stake in real estate sector as well as in redevelopment work of the government and has been quite successful in the initiative. Apart from PMC and EPC contract, NBCC is now majorly focussing upon its real estate and redevelopment works for its future business expansion.