¨I would attribute our growth to our huge order book position.¨
- Dr Anoop Kumar Mittal, Chairman & Managing Director, NBCC
A blue-chip Government of India Navratna Enterprise, National Buildings Construction Corporation Ltd (NBCC) functions across three segments: Project management consultancy (PMC), real estate development and EPC contracting. ¨I would attribute our growth to our huge order-book position, backed by constant monitoring of project execution by the management,¨ says Dr Anoop Kumar Mittal, Chairman & Managing Director, NBCC. ¨As we have a lot of work in PMC, which contributes to 70 per cent of our revenue, we remain extra careful with regard to turnover in this segment. Also, we have a unique business model with segmental options to supplement one another. Thus, targeted revenue generation is never affected. That apart, as our client profile consists mostly of government bodies and PSUs, we are never short of work.¨
Further, in FY2014-15, NBCC decided not to be aggressive in its real estate investment after reading the ongoing slump. NBCC is now raring to go in 2015-16 backed by a huge order book position of about Rs 24,000 crore, positive net worth and cash surplus. It is looking ahead to its Rs 5,000 crore East Kidwai Nagar Redevelopment project in Delhi and plans to sell a number of residential and commercial real estate projects across India and undertake projects in the EPC segment.