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.

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