PSUs contribution, India to a global power (NBCC)

Aug 10th, 2017 | By | Category: Government

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THE NEWSMAN OF INDIA.COM (Exclusive Coverage on PSUs)
Prime Minister Narendra Modi‘s Vision for the India of tomorrow wherein concept of Brand India encapsulates all the sectors that have the potential to make India a global power. The concept of Rainbow of India envisions overarching all initiatives to make India a developed nation. No nation can lay the foundation of consistent development and growth without the contribution of it’s available resources and talent. In India’s economic growth the public enterprises have firmly established the foundation for the construction of a self-generating, industrial economy. During the planned era, the public sector has-diversified its activities to cover a wide spectrum of industries that makes India a self reliance nation.
Taking the significance of PSUs in Indian economy and development THE NEWSMAN OF INDIA.COM attempts to comprehensively cover in a series some PSUs that have emerged as turn a rounder in recent year by its far-fetched result orientation to make the dream of our Prime Minter true.
We begin with NBCC (India) Limited, formerly known as National Buildings Construction Corporation Ltd., which is a blue-chip Government of India Navratna Enterprise under the Ministry of Urban Development. It’s CMD is Dr. Anoop Kumar Mittal,

Dr. A K Mittal, CMD, NBCC, during award Confering

Dr. A K Mittal, CMD, NBCC, during award Confering


Listed with both the Stock Exchanges, 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 36000 Crore Order Book in hand till March 2016 and counting. The Company has registered a substantial 32% Growth in Top line during FY 2015-16 as compared to previous year. It has posted a profit of Rs.311 crore white its total Income has surged to Rs.5838 Crore during FY 2015-16.
Certified with ISO 9001:2008 from the Bureau of Indian Standards in respect of Project Management & Consultancy, the Company’s present areas of operations are categorized into three main segments, i.e. (i) Project Management Consultancy (PMC), (ii) Real Estate Development & (iii) EPC Contracting,
NBCC has been executing many Landmark Projects as a PMC which contributes to about 85% of its annual revenue. The segment being the Company’s core strength, the areas covered under its umbrella include Roads, Hospitals & Medical Colleges, Institutions, Offices, Airports, Bridges, Industrial & Environmental Structures etc. According to recent report it’s Works in Progress in number are 394 with total worth of Rs. 76661.36 (in crores) and Works Completed (After April-2010)in number are 369 with total worth of Rs. 76661.36 (in crores) 14611.15

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NBCC in its journey of excelling has been awarded with numerous awards; let’s take a look of some of them:
NBCC CMD conferred APEA Awards 2017
NBCC bags Hindustan PSU award for ‘EXCELLENCE IN INNOVATION’
SCOPE Leadsership Excellence Award
Top Honours for NBCC at Industry Excellence Awards 2016
NBCC RECEIVES FASTEST GROWING CONSTRUCTION COMPANY AWARD – 2016
NBCC RECEIVES INDIA’s TOP CHALLENGERS AWARD – 2016
BCC RECEIVES IGBC GREEN CHAMPIONS AWARD – 2016
LEGEND CMD OF THE YEAR FOR LEADERSHIP IN CONSTRUCTION SECTOR
LIFE TIME ACHIEVEMENT AWARD 2016
PSE EXCELLENCE AWARD 2015
CEO OF THE YEAR 2015
COMPANY OF THE YEAR 2015
WORLD BUSINESS LEADER AWARD 2016
WORLD LEADER BUSINESS PERSON AWARD 2016

Taking steps ahead here are some recent MoUs signed by NBCC with it’s partners
NECL and SPA Signed MoU for mutual business association
NECL signs annual MoU with its parent company
NBCC Annual Pact with Government targets Substantial Growth in profit
NBCC contributes Rs.1 crore to Bharat Ke Veer Corpus Fund
Pragati Maidan Complex to be Redeveloped into a Wrold Class STATE-OF-THE-ART EXHIBITION-CUM-
CONVENTION CENTRE
NBCC ties up with BOLIX of Poland for adoption of Energy Efficient Etics Solutions Technology
NBCC gets CCI consent for takeover of HSCL
NBCC (India) Limited inks MoU with Vidarbha Irrigation Development Corporation (VIDC), Govt. of
Maharashtra
NBCC signs MoU with Ministry of Tourism
NBCC Signs MoU with Indian Navy
Prime Minister Inaugurates Trade Facilitation Centre at Varanasi Executed by NBCC
NBCC signs MoU with CII- IGBC

This coverage is an attempt to highlight with good intention all the good things happening in the PSU world, the data’s mentioned in the coverage has been taken after a study of NBCC official website.

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