Simplex Infrastructures in focus as the company has won Rs 524 crore order from NBCC for a construction of IIT buildings at Bhubaneswar.
If we (Government of Maharashtra and NBCC) succeed to get this (Dharavi) project, it will be a construction history to redevelop the largest slum of the Asia, said Anoop Kumar Mittal, Chairman, NBCC.
In an interview to CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC (India) spoke about the Bharatmala Project.
NBCC has announced that it has given an order worth Rs 2,150 crore to Shapoorji Pallonji. In an interview to CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC spoke about the latest happenings in his company and sector.
NBCC is in focus after they signed Memorandum of Understanding (MoU) with ministry of railways for redevelopment of ten railway stations.
NBCC (India)'s consolidated earnings for Q4 were a good set. Margins were strong despite weak revenue, which lead to a profit beat. In an interview to CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Anoop Kumar Mittal, CMD of NBCC spoke about the latest happenings in his company and sector. "For the next two-three years I am expecting minimum 12-15 percent topline growth for HSCL", he said.
In a couple of weeks, another set of CPSE land would be on offer, said Anoop Kumar Mittal, CMD, NBCC,
In an interview to CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC spoke about the results and his outlook for the company.
Anoop Kumar Mittal, Chariman and Managing Director Of NBCC says the demonetisation has not affected the company. Although, he adds that there was some inventory of constructed office complexes that have gone unsold.
In an interview with CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC said that the partnership with the Russian company will fetch some smart city and railway projects.
In an interview with CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC said that the company's current orderbook stands at Rs 73,000 crore which will be executed over the next 5 years.
Dismissing reports about NBCC planning to set up a non-banking finance company (NBFC), NBCC Chairman Anoop Kumar Mittal said that there is no proposal to launch an NBFC. He stressed that NBCC is a construction company and we invest in redevelopment projects.
NBCC will start booking revenue from the Rs 400-crore hospitals project awarded by the Labour Ministry from the last quarter of FY17, says Chairman Anoop Kumar Mittal. Commission will be 5 percent over construction cost, he adds.
Going forward the company aims to focus on high value contracts ranging between Rs 100 to Rs 30,000 crore, said Anoop Kumar Mittal Chairman and Managing Director, NBCC.
NBCC has not received any official communication from the government for development of any part of the VSNL land that it plans to demerge in the near future, says Chairman Anoop Kumar Mittal.
Speaking to CNBC-TV18 , Anoop Kumar Mittal of NBCC said that the company has won contracts for redevelopment of 7 colonies in South Delhi. The seed money for the project will come from NBCC, Mittal added, for which it would get an interest of 12 percent.
NBCC's order book was at around Rs 36,000 crore in FY16. Mittal expects this number to shoot up to atleast Rs 60,000 crore by the end of this fiscal.
Most of the company's projects are in re-development segment, says Anoop Kumar Mittal, CMD of NBCC. The company won orders worth Rs 18,000 crore orders in FY16.
Anoop Kumar Mittal, CMD, NBCC says his company is hopeful of winning the order for feasibility studies in other states as well, for the project.
By March 2016, the orderbook would be close to Rs 40,000, said Anoop Kumar Mittal, CMD, NBCC, adding that the company has received orders worth Rs 8000 crore from Delhi government.
Anoop Kumar Mittal, CMD, NBCC expects a 20-25 percent growth in revenues and 25 percent growth in orderbook for FY16.
Speaking to CNBC-TV18, YD Murthy, Executive Vice President-Finance, NCC Limited says that he is confident of getting substantial orders for the smart city project and is looking forward to the new capital city of Amravati.
NBCC CMD Anoop Kumar Mittal expects order inflow to the tune of Rs 2500-3000 crore in the second quarter, while expecting order book to grow to Rs 30,000-35,000 crore by this financial year end
This is a self-revenue generation model where the company margins will be 10 percent on construction cost and 2 percent on sale value, says Anoop Kumar Mittal, Chairman, NBCC.