State-owned construction firm, NBCC, bags orders worth Rs 1,165 crore in October

State-owned construction firm NBCC Ltd in a BSE filing said it has bagged business orders worth Rs 1,165.52 crore in October 2020. In the previous week, NBCC reported a consolidated net profit of Rs 45.61 crore for the September quarter.

However, a year ago, the company posted a net loss of Rs 90.91 crore. In the second quarter of the current fiscal year, the total income stood at Rs 1,426.27 crore against Rs 1,720.46 crore in the corresponding period of the previous year.

NBCC (India Limited) formerly known as National Buildings Construction Corporation Limited, is a blue-chip Government of India Navratna enterprise and a Central Public Sector undertaking which trades publicly in the market.

The present areas of operations of the company are categorized as Project Management Consultancy (PMC), including the redevelopment of government properties, Engineering, Procurement & Construction (EPC) and Real Estate Development.

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