Mittal, a career engineer, was appointed as head of the state-owned construction firm in 2013 for a five year period. Last year, he was given a one-year extension till March 31, 2019.
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.
"NBCC has been allotted construction of irrigation scheme works in Maharashtra under Gosikhurd National Project, valuing approx Rs 6,000 crore," the company said in a statement.
NBCC has won Rs 250 crore order from the Mauritius government to build the new Supreme Court building. The company has been appointed as the project management consultant.
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.
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.
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.
The company has already undertaken smart city projects like East Kidwai Nagar, Delhi, says Anoop Kumar Mittal, Chairman, NBCC.
Anoop Kumar Mittal, CMD, NBCC, says the total construction cost of four WAQF properties will be around Rs 400 crore, while execution time will be 24 months.
The company is in close negotiations with Odisha government and also with UP, West Bengal governments for other redevelopment project, said Anoop Kumar Mittal, chairman, NBCC.
The state-owned Delhi Development Authority (DDA) and NBCC had joined hands to win the race for building India's first 100-storey tower. This will be on a 30-hectare SUB smart city in East Delhi. Prime Property talks to Anoop Kumar Mittal, CMD of National Buildings Construction Corporation (NBCC).
Anoop Kumar Mittal, chariman at NBCC is confident of 30-40 percent growth in order book, which has increased by Rs 10,000 crore in the previous three quarters.