NBCC Plans Shadow Lender to Save Over $100 Million

23 Apr 2024 CW Team

National Buildings Construction Corporation (NBCC) is reportedly in the process of setting up a shadow lender, aiming to save more than $100 million. This move comes amidst efforts to address financial challenges and bolster the corporation's financial position.

The shadow lender initiative by NBCC is seen as a strategic step to navigate the complex financial landscape and enhance liquidity. By establishing an in-house financing entity, NBCC aims to streamline funding processes and reduce reliance on external sources, potentially leading to significant cost savings.

Sources suggest that NBCC's decision to create a shadow lender underscores its commitment to financial prudence and proactive risk management. This initiative is expected to not only optimise financial resources but also provide greater flexibility in financing various projects undertaken by the corporation.

The establishment of a shadow lender by NBCC reflects a proactive approach to addressing financial constraints and strengthening its financial resilience. This move is likely to have positive implications for the corporation's financial health and its ability to execute projects efficiently.

Overall, NBCC's decision to set up a shadow lender signals a strategic shift in its financing strategy and underscores its commitment to navigating financial challenges effectively. This initiative is anticipated to contribute to NBCC's long-term financial sustainability and support its growth objectives in the real estate sector.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..