Memorandum Of Understanding (MOU)
NBCC Focuses on uses on New Technology
NEW DELHI . NBCC, has signed Memorandum of Understanding (MoU) for the FY 2016-17 with its Ministry today. The annual MoU has been signed by Shri Rajiv Gauba, IAS, Secretary (UD), Govt. of India, on behalf of the MoUD and Dr. Anoop. K. Mittal, CMD, NBCC, on behalf of NBCC.
The signed MoU outlines certain performance targets for the Company based on various financial parameters, dynamic parameters, sector specific and enterprise specific parameters. While sales turnover has been fixed at Rs.6500 Crore, profit has been targeted at Rs.445 crore. The Company during the year, aims to secure new works worth Rs.7500 Crore. Further, this year’s MoU has laid specific emphasis on adoption of New Technologies for implementation of the Company’s upcoming projects.
Talking to the Media, during MoU signing, Dr. A.K. Mittal, CMD of the Company gave an encouraging outlook of the Company for FY 2016-17 and beyond. He informs that the Govt. has very recently awarded three huge redevelopment projects to NBCC valued at approximately Rs.25000 crore.
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