Thursday, September 27, 2018

NBCC, CSDC to train 20,000 youth in 6 months: Report

STATE-owned NBCC (India) Ltd has signed an agreement with Construction Skill Development Council (CSDC) to train 20,000 youth in the next six months to promote skill development.
"Construction sector is the second largest industry in terms of manpower employment and the workforce requirement is around 4 million people per year to sustain the current growth rate. There is a requirement for continuous...
skill up gradation and certification," NBCC CMD Anoop Kumar Mittal said in a statement.
Through the association, NBCC and Construction Skill Development Council of India will work towards empowering the youth with relevant skills in various construction trades to make them employable as part of the Recognition of Prior Learning (RPL) programme.
The Recognition of Prior Learning will benefit workers like masons, carpenters, plumbers, electricians, etc.
Meanwhile, NBCC has received in principle approval from Air India to monetize/redevelopment of Air India land parcel at Baba Kharag Singh Marg, Connaught Place and Vasant Vihar in the national Capital.
"The property at Vasant Vihar is spread on 30 acres and it houses Air Indias staff colony. The property at Baba Khadak Singh Marg, Connaught Place is spread across 3.54 acres," NBCC said in a regulatory filing to Bombay Stock Exchange (BSE) statement on September 26.
NBCC is a blue-chip PSU under the Ministry of Housing and Urban Affairs (MoHUA), Govt. of India. Its present areas of operations are categorized into three main segments: Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.
With consolidated revenue of Rs 6401 crore, the PSU has been growing with a consistent upward trajectory of 20 percent CAGR since the last 5 years. The company’s unique business model has today made it stand out as a leader in its own right in the construction sector with more than INR 80,000 crore Order Book in hand.       
Earlier, NBCC secured orders of Rs 17,516.53 crore in 2015-16 including Rs 2,149-crore from the Indian Trade Promotion Organisation (ITPO) for redevelopment of exhibition venue at Pragati Maidan and Rs 5,828 crore redevelopment project from AIIMS.
NBCC will construct the Capital’s first 100-storey building in Karkardooma, East Delhi, during the next two to three years.

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