NBCC secures Rs 8.5 bn contracts from Damodar Valley and Ministry of Housing

17 Feb 2025 CW Team

NBCC (India) has secured work orders worth a total of Rs 8.51 billion for construction and maintenance services from the Damodar Valley Corporation (DVC) and the Ministry of Housing and Urban Affairs.

The company has been awarded a Rs 7.76 billion construction contract by DVC. This project includes the construction of buildings and related infrastructure for townships at Durgapur, Koderma, and Raghunathpur, along with the DVC Administrative Building in New Town, Kolkata.

In addition, the Ministry of Housing and Urban Affairs has entrusted NBCC with a two-year maintenance contract for the New Moti Bagh GPRA Complex (NMB Complex) for the fiscal years 2025-26 and 2026-27, valued at Rs 740.94 million.

NBCC operates in three major sectors: project management consultancy, real estate, and engineering procurement and construction. The company has demonstrated growth, reporting a 25.41 per cent increase in consolidated net profit, which rose to Rs 1.42 billion for Q3 FY25, compared to Rs 1.13 billion in Q3 FY24. Revenue from operations for the same period saw a 16.65 per cent year-on-year increase, reaching Rs 28.26 billion for the quarter ending 31 December 2024.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..