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Rs 10k crore turnover from current projs in FY17 NBCC
NEW DELHI. 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.
NBCC 's orderbook currently stands at Rs 76,000 crore, says Anoop Kumar Mittal, Chariman and Managing Director of NBCC. He says of these projects in the orderbook, the company will make a turnover of around Rs 10,000 crore in the current year. He says the demonetisation has not affected the company.
Although, he adds that there was some inventory of constructed office complexes that have gone unsold. But he still feels the realty market will pick up very soon and land prices may shoot up. He also expects the company's margins to increase going ahead.
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