NBCC to get sick PSU’s land parcels for housing projects by March: Report

NBCC hopes to get at least two land parcels of sick public sector undertakings (PSU) to start building housing projects thereon by the end of current financial year, said Chairman & Managing Director Anoop Kumar Mittal.
The The state-owned project management consultancy firm is currently working on four-five such land parcels and expects one project each in Delhi-National Capital Region (NCR) and either Hyderabad or Kolkata to be start by March.
“The land parcels we have been approached for are of sizes ranging from...

NBCC will redevelop three more projects worth Rs 25,000 cr in Delhi

STATE-run NBCC is likely to get three projects for redevelopment of the government properties worth about Rs 25,000 crore in the national capital. The company's order book as of now stands at over Rs 35,000 crore and is likely to touch Rs 60,000 crore in next few months, NBCC chairman and managing director Anoop Mittal said recently. Over the last year, National Buildings Construction Corporation (NBCC) has secured some big-ticket projects including redevelopment of exhibition centre of ITPO for Rs 2,149 crore and AIIMS redevelopment works project worth...

Building confidence: NBCC touching new high in the realty segment

NBCC CMD Dr. Anoop Kumar Mittal

TOUCHING new high in the construction industry, NBCC has recently taken over Kolkata-based Hindustan Steelworks Constructions Ltd (HSCL), a loss-making PSU struggling to repay massive debt to the government and banks.
NBCC board has approved and requested for restructuring which means NBCC will not take burden of any loan and interest part of the company except may be few crores rupees, reveals NBCC CMD Dr. Anoop Kumar Mittal.
HSCL, which reported a net loss...