NBCC has diversified into the road construction business and has bagged a contract to build a Rs 2,000 crore road project in Uttarakhand. In an interview with CNBC-TV18, Anoop Kumar Mittal, Chairman at NBCC spoke about the latest happenings in his company and sector.
No charges have been established against the current NBCC CMD in the alleged corruption case. In an interview to CNBC-TV18, Anoop Kumar Mittal shared his views on the same.
NBCC (India) is in focus as the company saw healthy order inflows in the month of December worth over Rs 300 crore. In an interview to CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC spoke at length about the order wins and gave his outlook for the future.
Simplex Infrastructures in focus as the company has won Rs 524 crore order from NBCC for a construction of IIT buildings at Bhubaneswar.
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.
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.
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.
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.
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.
The company has already undertaken smart city projects like East Kidwai Nagar, Delhi, says Anoop Kumar Mittal, Chairman, NBCC.
Anoop Kumar Mittal, chairman, National Buildings Construction Corporation is also confident of logging 25 percent topline growth for the next five years.