NBCC: Nation Builder
NBCC is exploring options to help homebuyers investors of realty projects which could not be completed on time
Photo Credit : Ritesh Sharma
As its 16th Chairman and Managing Director, Anoop Kumar Mittal has transformed NBCC (India) into a premiere engineering and construction entity. Mittal is responsible for overseeing policy and strategic decision-making of the company. His career at NBCC spans more than 30 years. Prior to his appointment as CMD in 2013, Mittal was Director, Projects Division in NBCC.
Under Mittal’s stewardship NBCC has tasted success across its three main divisions —Project Management Consultancy (PMC), Real Estate Development and EPC Contracting. NBCC is also the implementing agency for executing projects under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), the Pradhan Mantri Gram Sadak Yojna (PMGSY), Solid Waste Management (SWM) and developmental work in the north-eastern region.
NBCC is currently also working as Project Management Consultant (PMC) for the redevelopment of the Pragati Maidan project of India Trade Promotion Organisation. “As a government entity and construction leader, NBCC will lead by example ensuring total adoption of environment friendly and sustainable technologies to create zero energy infrastructures in line with India’s global commitment”, says Mittal.
For the financial year ended March 31, 2018, the company has reported a consolidated net profit of Rs 372.14 crore as against a net profit of Rs 325.49 crore during the previous financial year, representing a healthy growth of 14.33 per cent.
In a big boost to Prime Minister Narendra Modi’s Housing for All by 2022 initiative, NBCC will soon develop affordable housing projects on the lands of sick public sector undertakings. NBCC is the land management agency for disposal of land assets of the sick CPSEs.
NBCC is also exploring options to help homebuyers/investors of realty projects which could not be completed on time by embattled developers like Amrapali, Jaypee Infratech (JIL). The company has submitted in the Supreme Court that it can complete 46,575 flats across 16 housing projects of embattled realtor Amrapali Group within 36 months at a construction cost of around Rs 8,500 crore on PMC model. The company has prepared a road map to complete Amrapali’s pending projects. Also, it has floated tenders to appoint contractors for completion of projects.
Redevelopment of two projects in Sarojini Nagar and Netaji Nagar in Delhi is expected to contribute nearly Rs 20,000 crore revenue to NBCC. The company has also acquired project management consultancy firm HSCC at a bid price of Rs 285 crore. Last year, NBCC took over Hindustan Steelworks Construction (HSCL) as a subsidiary. It has also received permission from Air India to monetise/re-develop Air India’s land parcels on Baba Kharag Singh Marg, and in Connaught Place and Vasant Vihar in New Delhi.
Commenting on the business Mittal said, “NBCC has a strong order book pipeline that will help in achieving a growth rate of more than 30 per cent. Going forward, NBCC is also working towards enhancing its brand value while aggressively pursuing high-value projects in domestic and overseas markets.”
NBCC would also be developing a commercial project at Naoroji Nagar in the national capital as World Trade Centre, the licence for which has been received from WTC New York. The complex will have 12 commercial towers over 3 million sq ft area. The company has redoubled its efforts to curb air and water pollution at its project sites in its bid to contribute towards a safer environment.
The company has directed all its contractors, architects, engineers and projects heads to comply with the set guidelines. Amongst the measures taken include covering sites in tarpaulin, putting up barriers, and sprinkling building materials with water before they are stored or transported.
“By the year 2022, NBCC will target to ensure zero discharge of waste by recycling of water, solid waste including plastic waste, construction and demolition waste,” says Mittal. Way to go.