Q1 FY25: NBCC (India)'s net profit up 38.47%

14 Aug 2024 CW Team

NBCC (India) has reported a growth of 38.47 per cent in its net consolidated profit during the quarter ended June 30, 2024. It had registered profit after tax of Rs 1.07 billion in Q1 FY25 as against Rs 774.1 million. It recorded in the corresponding quarter of the previous fiscal, the company said in a BSE filing. During the quarter ended June 30, 2024, the group has spent total amount Rs 1.69 billion. Group has written down inventory amounting to Rs 1.34 billion excess of amount paid Rs 1.46 billion over proportionate value of units/flats Rs 117.6 million(lower of cost or net realizable value (NRV)) in the quarter ended on June 30, 2024 and equivalent provision on Rs 1.34 billion as was created in earlier year for buyback of flats/units has been reversed. Further, during the quarter ended June 30, 2024, the group has spent total amount Rs 65.18 lakh (Rs 46.68 lakh towards rental & Rs 18.50 lakh towards construction cost for reconstruction of flats/units) and equivalent provision as was created in earlier year for reconstruction of flats/units has been reversed.

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..