NBCC signs MoU with MoUD

NEW DELHI . NBCC  has signed Memorandum of Understanding (MoU) for the FY 2014-15 with MoUD. The annual MoU has been signed by Dr. Sudhir Krishna, IAS, Secretary (UD), Govt. of India, on behalf of the MoUD and Dr. Anoop. K. Mittal, CMD, NBCC, on behalf of NBCC.

  The MoU for 2014-15 sets out certain performance targets for the Company based on financial parameters, dynamic parameters, sector specific and enterprise specific parameters. While sales have been targeted at Rs 3800 Crore, New Order during the year is aimed at Rs. 4500 Crore; Gross Operating Margin Rate for the Company has been set at 9.83%.