State-run NBCC will be developing a 10-acre industrial plot in Noida at a tentative project cost of approximately Rs 600 crore in partnership with HUDCO, the company informed on November 27.
NBCC and HUDCO signed an MoU to develop the industrial, with NBCC as the 'Project Management Consultant' for the institutional plot at Noida sector-62.
NBCC has secured business valued at Rs 22,300 crore in the first half of the year on a standalone basis, which is one of the highest ever in six months. It is developing a satellite township spread over 406 acres at Srinagar, J&K valuing of Rs 15,000 crore, and in the first phase work for six projects in Goa at Rs 1,726 crore. There is a redevelopment of land parcel of MTNL worth Rs 1,600 crore being undertaken by NBCC along with the redevelopment of two land parcels in Jhansi at Rs 700 crore.
Work on its Amrapali Phase 2 project in NCR is on fast track, tendering a valuing of Rs 8,400 crore, with six projects uploaded and to be awarded in upcoming months. NBCC said this project will start contributing to its revenue from the fourth quarter.
NBCC has an order book of around Rs 84,000 crore, and the company is targetting to take it to Rs 1 lakh crore by the end of this financial year.
Shares of NBCC are higher by 75% on YTD basis and have more than doubled in the last one year.
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