Thursday, July 19, 2018

NBCC gets nod for India Pavilion at World Expo 2020, Dubai: Report

NBCC has said it has received in-principle approval from the commerce ministry to design and construct 'India Pavilion' at World Expo 2020 to be held in Dubai at a cost of Rs 400 crore.
In a filing to the BSE, NBCC informed that the PSU has received "in principle approval from Department of Commerce...for conceptualizing, designing and construction of India Pavilion at World Expo 2020 to be held in Dubai from...
October 2020 to April 2021 which would likely to cost approx Rs 400 crore".
The World Expo 2020 is a global platform for countries to showcase their achievements and abilities.
"Expecting an international audience of millions including global companies, academic institutions and investors, the Expo is themed 'Connecting Minds Creating the Future'," it added.
India is participating with the sub-theme of 'OPPORTUNITY' to showcase its growth story on a global stage, its strength and ample opportunities in space, aviation, defence, IT, pharmacy and biotechnology, etc.
The Ministry of Commerce and Industries will organise India Pavilion in an area of 4600 sq meter. NBCC (India) Ltd is a Navratna enterprise under the Ministry of Housing and Urban Affairs. Certified with ISO 9001:2008 from the Bureau of Indian Standards in respect of Project Management and Consultancy, the company’s present areas of operations are categorised into three main segments: Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.
The company is listed with both the Stock Exchanges since 2012. With consolidated revenue of Rs 6,401 crore, NBCC has been growing with a consistent upward trajectory of 20 per cent CAGR in the past five years. The company’s unique business model has today makes it stand out as a leader in its own right in the construction sector with more than Rs one lakh crore order book in hand.
NBCC is the only public sector enterprise in realty space which redevelops properties for the government.

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