"The year has been good so far. Our order book at the end of 2015-16 will be around Rs 40,000 crore," NBCC Chairman cum-Managing Director Anoop Mittal said
State-run blue chip firm National Buildings Construction Corporation Ltd (NBCC)'s order book is likely to reach Rs 40,000 crore by end of this fiscal on back of strong performance of its project management consulting business, a top official said.
"The year has been good so far. Our order book at the end of 2015-16 will be around Rs 40,000 crore," NBCC Chairman and Managing Director Anoop Mittal said.
NBCC, a Navratna enterprise, was listed on stock exchanges in April 2012 with a total market capitalisation of about Rs 1,270 crore. At present, its market cap is close to Rs 12,000 crore - an increase of almost ten times within a span of just three years.
Also read: State-owned NBCC bags projects worth Rs 192.74 crore in November
Last month, the company had bagged orders worth Rs 8,523 crore. Besides this, the corporation has bagged projects worth Rs 5,828 crore for infrastructure development of AIIMS in New Delhi.
NBCC has broadly three areas of operations - project management consultancy (PMC), real estate development and EPC contracting.
Mittal added that while PMC contributes to about 85% of its annual revenues, the other two segments are also doing well.
Also read: NBCC gets contracts worth Rs 8,523 crore in December
The company is executing various major projects under the PMC vertical, its core strength.
The areas covered under this segment include roads, hospitals, offices, airports and industrial and environmental structures, among others.
NBCC has also ventured into overseas operations and opened an office in Oman.
It has also signed an MoU with Al Naba Services LLC to jointly develop infrastructure projects in the Sultanate of Oman and neighboring countries.
To further its prospects overseas, the company has also entered into MoUs with Construction Industry Development Board Holdings, Malaysia and Form Yapi Malzemeleri Insaat Samayi Ticaret Ltd, Turkey.
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