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

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

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.

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.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?