Psu
NBCC Holds 56TH AGM
NEW DELHI . The 56th Annual General Meeting (AGM) of NBCC, was held in New Delhi recently. The AGM was chaired by CMD Dr. Anoop Kumar Mittal in presence of Board of Directors who informed that during 2015-16, NBCC registered 32% growth in topline as compared to previous year, posted a profit of Rs 311 Crore while its total income surged to Rs 5838 Crore and PAT from Rs.278 Crores to Rs.311 Crore.
He also informed that NBCC`s outstanding Order Book stood at Rs.70000 Crores and counting. With these improved Financial Results, Company has recommended 100% dividend for the FY 2015-16.
Dr. Mittal said that NBCC`s future initiatives would include its major participation in the Govt`s ambitious schemes such as Housing for all by 2022, Development of 100 Smart Cities in the Country and AMRUT, Real Estate Development of Tier II & Tier III Cities, Namami Gange, Skill Development, Swachh Bharat Campaign.
During the year 2015-16, new projects worth Rs 17,516.53 Crore were secured, which include two big-ticket assignments, both located in New Delhi.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
