Nbcc to set up its own nbfc

27 Apr 2024 CW Team

Establishing an NBFC will allow NBCC to provide financial services such as loans, investments, and advisory services, catering specifically to the construction and real estate sectors. By offering tailored financial solutions, NBCC aims to address the unique needs and challenges faced by developers, contractors, and other stakeholders in the industry.

This decision comes amidst growing opportunities in the real estate and infrastructure segments, driven by government initiatives such as affordable housing schemes, smart city projects, and infrastructure development plans. With its extensive experience and track record in executing large-scale construction projects, NBCC is well-positioned to capitalise on these opportunities and contribute to the growth of the sector.

Furthermore, establishing its own NBFC will enable NBCC to streamline its financing processes and reduce dependency on external financial institutions. This move is expected to result in significant cost savings, with projections indicating potential savings of over ?100 million over the coming years.

The decision to venture into finance underscores NBCC's commitment to innovation and diversification, as it seeks to evolve beyond its traditional role as a construction company. By expanding its presence in the financial sector, NBCC aims to strengthen its position as a comprehensive solutions provider in the construction and real estate ecosystem.

In addition to providing financial services, NBCC's NBFC is poised to foster synergies with its existing business verticals, including project management consultancy, real estate development, and engineering procurement construction (EPC) services. This integrated approach will enable NBCC to offer end-to-end solutions to its clients, ranging from project inception to financing and execution.

Overall, NBCC's decision to set up its own NBFC represents a strategic move to capitalise on emerging opportunities in the financial sector while leveraging its core strengths in construction and real estate. As the company embarks on this new chapter, it is poised to play a pivotal role in driving growth and innovation in the construction and real estate industry.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The National Buildings Construction Corporation (NBCC) has announced its plans to establish its own Non-Banking Financial Company (NBFC), marking a significant expansion into the financial sector. This strategic move aims to leverage NBCC's expertise in construction and real estate to diversify its portfolio and tap into new revenue streams. Establishing an NBFC will allow NBCC to provide financial services such as loans, investments, and advisory services, catering specifically to the construction and real estate sectors. By offering tailored financial solutions, NBCC aims to address the unique needs and challenges faced by developers, contractors, and other stakeholders in the industry. This decision comes amidst growing opportunities in the real estate and infrastructure segments, driven by government initiatives such as affordable housing schemes, smart city projects, and infrastructure development plans. With its extensive experience and track record in executing large-scale construction projects, NBCC is well-positioned to capitalise on these opportunities and contribute to the growth of the sector. Furthermore, establishing its own NBFC will enable NBCC to streamline its financing processes and reduce dependency on external financial institutions. This move is expected to result in significant cost savings, with projections indicating potential savings of over ?100 million over the coming years. The decision to venture into finance underscores NBCC's commitment to innovation and diversification, as it seeks to evolve beyond its traditional role as a construction company. By expanding its presence in the financial sector, NBCC aims to strengthen its position as a comprehensive solutions provider in the construction and real estate ecosystem. In addition to providing financial services, NBCC's NBFC is poised to foster synergies with its existing business verticals, including project management consultancy, real estate development, and engineering procurement construction (EPC) services. This integrated approach will enable NBCC to offer end-to-end solutions to its clients, ranging from project inception to financing and execution. Overall, NBCC's decision to set up its own NBFC represents a strategic move to capitalise on emerging opportunities in the financial sector while leveraging its core strengths in construction and real estate. As the company embarks on this new chapter, it is poised to play a pivotal role in driving growth and innovation in the construction and real estate industry.

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Infrastructure Energy

25 Jun 2026

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..