NBCC, a leading infrastructure PSU, has been a consistent player since inception; in fact, it was the only PSU to help the previous government raise funds through divestment. Of late, the company has re-strategised by enhancing its focus on real-estate development while continuing with its core competency in project management consultancy.
Dr Anoop Kumar Mittal, Chairman & Managing Director, NBCC, says, ¨This operational relook coupled with initiatives in redevelopment of government properties and improvement in project execution has been responsible for a quantum jump in the topline and bottomline during 2013-14.¨
NBCC is focussing on real-estate activities in commercial and residential projects after having created huge land reserves. At the same time, it avoids land pooling in general and currently land purchase is not on its list.
Moving forward, the ompany has signed an MoU with the government targeting a Rs 4,200-crore turnover with a profitability of 17.64 per cent (PAT).