PSU NEWS
NBCC posts a substantial 32 percent growth in topline
NEW DELHI . NBCC has registered a substantial 32% Growth in Top line during FY 2015-16 as compared to the previous year. The Annual Financial Results for FY 2015-16, announced on 16th May 2016, shows the Company posting a Profit of Rs.311 Crore while its total Income has surged to Rs.5838 Crore.
Speaking to the Media on the occasion, Shri Anoop Kumar Mittal, CMD of the Company said that the Company had been consistently performing well and informed that the Order Book position of the Company as of now, stood at more than Rs.35000 Crore and was likely to touch the figure of approximately 60,000 Crore in next few months.
He also informed the Media that very soon NBCC would be adding to its kitty, three more Works of redevelopment of Govt. properties valuing approximately Rs.25000
Crore and located at Netaji Nagar, Sarojini Nagar and Nauraji Nagar in Delhi.
Giving an account of the Company`s latest strategic moves in business operations, Mittal spoke of NBCC`s recent initiative towards acquiring HSCL, a Central PSU under the Ministry of Steel."It would be a win win situation for NBCC as this would allow the Company to enter into the steel vertical where it has no presence at present".
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