• NBCC (India) Ltd founded in 1960 as a Govt. of India Civil Engineering Enterprise
  • NBCC (India) Ltd holds the status of Navratna CPSE
  • NBCC gets Rs 206 crore order from Odisha Hydro Power Corporation in June 2021


Company Overview

NBCC (India) Ltd (NSE: NBCC) founded in 1960 as a Govt. of India Civil Engineering Enterprise, NBCC with its Headquarter in Delhi, today, holds the status of Navratna CPSE, and has emerged as the undisputed leader in the Construction Sector on the back of its capabilities, innovative approach, adherence to highest standard of quality, timely delivery and a dedicated workforce. 1

NBCC’s areas of operation encompass three (03) Primary Segments namely:

Project Management Consultancy (PMC) : Executing landmark projects in diversified sectors as also Redevelopment Projects for Government.

Engineering Procurement & Construction (EPC): Working in a niche market and constructing Chimneys, Cooling Towers for Power Sector.

Real Estate Development: Developing Residential and Commercial inventories for Governments and the Public at large


NBCC has set up Subsidiary Companies named :

NBCC Services Limited (NSL) to provide post construction maintenance services to clients

NBCC Engineering & Consultancy Ltd. (NECL) to carry on business operations as Design Consultants providing comprehensive solutions through a team of multiple skills sets including – Architects, Structural Engineers, Valuers, Urban Planners, Interior designers & MEP Engineers.

NBCC Gulf LLC to carry out commercial construction activities of buildings, roads, airports, harbour, water sewerage and electricity network in Oman and its neighbouring Countries.

Real Estate Development & Construction Corporation of Rajasthan Limited, a JV Company to look into various re-development projects in Real Estate Sector across Rajasthan State.

NBCC International Limited to extensively and exclusively pursue its operations overseas.

NBCC Environment Engineering Limited (NEEL) to exclusively implement all environment related projects both existing as well as upcoming.

Hindustan Steelworks Construction Limited (HSCL) HSCL established in 1964 under the aegis of Ministry of Steel was taken over by NBCC(I) Limited as a subsidiary on April 2017. NBCC will leverage from HSCL's business activities leading to diversification and new business avenues in steel vertical.

Hospital Services Consultancy Corporation Limited (HSCC)The company has acquired 100 percent stake in HSCC (India) Ltd., formerly known as Hospital Services Consultancy Corporation Limited, which specializes in works of Health Sector, with a vision to secure business synergies.

NBCC DWC-LLC For conceptualising, designing and construction of India Pavilion at World Expo-2020 to be held in Dubai in 2020.

Global Footprint

NBCC ventured into Overseas Operations in the year 1977, executing projects of diverse nature in countries such as Libya, Iraq, Yemen, Nepal, Maldives, Mauritius, Turkey, Botswana. Presently, the Company has its presence in Oman, Mauritius and Maldives, implementing various projects and earning consistent revenue.

Of late, the Company has opened an office in Oman and also signed an MoU with Al Naba Services LLC in Oman in order to jointly explore and secure infrastructure projects in Sultanate of Oman & neighbouring countries. To further its prospects overseas, the Company has also entered into MoUs with Construction Industry Development Board Holdings, Malaysia and Form Yapi Malzemeleri Insaat Samayi Ticaret Ltd., Turkey.

Major Clients

Ministry of Environment, Forest and Climate changeNTPC Limited
Election Commission of IndiaBHEL
Ministry of TourismMinistry of Defence
Ministry of MinesMinistry of External Affairs
Ministry of Housing & Urban AffairsMinistry of Commerce and Industry
Ministry of Home AffairsMinistry of Corporate Affairs
Ministry of DefenceMinistry of Finance
Ministry of External AffairsMinistry of New & Renewable Energy
Ministry of Commerce and IndustryESIC
Ministry of Corporate AffairsHaryana Urban Infrastructure Development Board
Ministry of FinanceIIT Roorkee, IIT Kharagpur, IIT Patna
Ministry of New & Renewable EnergySVNIT
ESICMinistry of Tourism
Haryana Urban Infrastructure Development BoardMinistry of Rural Development
IIT Roorkee, IIT Kharagpur, IIT PatnaMinistry of Textiles
SVNITMinistry of youth affair & sports
Ministry of TourismMinistry of Science & Technology
Ministry of Rural DevelopmentMinistry of Human Resource Development
Ministry of TextilesMinistry of Health & Family welfare
Ministry of youth affair & sportsGovt. of NIT Delhi
Ministry of Science & TechnologyNational Insurance Company Ltd.
Ministry of Human Resource DevelopmentGovt. of Uttrakhand
Ministry of Health & Family welfare 
Govt. of NIT Delhi 
National Insurance Company Ltd. 
Govt. of Uttrakhand 


Business Segments

Project Management Consultancy (PMC)

PMC services, which accounts for 93% of Company's total revenue, primarily involve overseeing the implementation of Engineering projects from its very Conceptualization to its eventual Commissioning, ensuring overall compliance with the Clients scope of work. 2

The company's knowledge and experience in providing PMC services stands widely acknowledged through the satisfaction of its Clients and its diversified management and consultancy services for a range of Civil Construction Projects including Residential and Commercial Complexes, Re-development of Colonies, Hospitals, Educational Institutions, Infrastructure Works for Security Personnel, Border Fencing as well as Infrastructure Projects such as Roads, Water Supply Systems, Storm Water Drainage Systems, Water Storage Solutions and Solid Waste Management Schemes all over India.

The company's major clients include, Ministries such as Ministry of Housing & Urban Affairs, Home Affairs, Rural Development, Commerce & Industry, Labour & Employment, Information & Broadcasting, Petroleum & Natural Gas, Power, New & Renewable Energy, Defence, External Affairs, Corporate Affairs, Finance, State Governments, IITs and NITs amongst others.

Engineering Procurement and Construction (EPC)

NBCC operates in the Infrastructure Segment as well, wherein it executes projects such as High Rise Chimneys, Cooling Towers, Coal Handling Plants etc . Under EPC, its services include Project conceptualisation, Feasibility studies, Detailed Project Reports, Tender Specifications and various packages, Basic and Detailed Engineering, Review of Projects, Procurement, Construction, Drawings, commissioning & Testing, and handing it over to clients in ready to use and functional conditions. As EPC agency, NBCC also assists its clients in getting clearances from various Govt Departments. NBCC has its in-house Design & Consultancy Division and also has pre-tender tie ups with renowned Engineering firms for specialised nature of works. Having successfully completed many EPC Contracts, the company draw immense satisfaction from the 100% customer delight NBCC has achieved.

Real Estate Development

Since its establishment in 1988, the Real Estate Segment of NBCC (India) Ltd. has grown by leaps & bounds and has matured into a formidable player both in India & Abroad in the entire gamut of Civil Engineering works in the capacity of Project Management Consultant & Contractor. The Company is in fact the first & only Central Public Sector Enterprise to enter into Real Estate.

Activities in this segment includes Development of Real Estate Projects like Residential, Commercial and Institutional projects for which NBCC either purchases Land parcels or enters into JVs / Consortia.

Industry Overview

The Indian economy had begun to regain momentum with clear sign of uptick in consumption and investment towards the end of Q3 2019-20 but halted by COVID-19 that made government enforce country-wide lockdown in late March 2020. 3

With the imposition of lockdown from 24th March FY 2019-20 closed with a seven day period of economic inactivity. As the lockdown continued, manufacturing and servicing activities came to a standstill, resulting in supply chain disruption and demand falling to unprecendented lows.

The pandemic has emerged as a key risk to human health and is causing significant and rising human costs and economic turmoil through supply disruption, drop in domestic and external demand, reduction in trade, lower tourism and business travel and loss of consumer and investor confidence.

Inflation based on Consumer Price Index (CPI) (Industrial Workers) for February 2020 stood at 6.8 per cent as compared to 7.5 per cent in January 2020 and 7.0 per cent in February 2019. Inflation based on CPI (Agricultural Labourers) and CPI (Rural Labourers) stood at 10.1 per cent and 9.8 per cent respectively in February 2020.

India’s GDP grew by 3.1% in 4th Quarter of the financial year 2019-20 , the lowest growth rate seen under the new GDP series with base year 2011-12 indicating an early impact of the COVID-19 led lockdown. The overall pace of growth weakened across key sectors in 4th quarter of the financial year.


Financial Highlights

For the FY 2019-20, total income from operations was Rs 5,210.33 crore (standalone) and Rs 8087.07 crore (consolidated) whereas profit after tax was Rs 79.87 crore (standalone) and Rs 99.87 crore (consolidated

The Company has achieved Revenue from Operations of Rs 5,210.33 crore during the financial year 2019-20 against MOU target (Excellent) of Rs 9,500 crore. The under achievement is mainly attributable towardsthe stoppage of worksin 3 Re-development works at Nauroji Nagar, Netaji Nagar and Sarojini Nagar as per the directions of Hon’ble High Court of Delhi from 02.07.2018. A target of Rs 3,452 crore was tentatively planned for these re-development projects. The stay was vacated only in February 2020, and NBCC could achieve only Rs 30.94 crore against the target of Rs 3,452 crore from these projects. Accordingly, NBCC has claimed for offsetting the shortfall in turnover due to Court stay and turnover of Rs 8731.4 crore has been derived after considering audited Turnover of Rs 5210.34 crore in FY 19-20 and offset amount of Rs 3421.06 crore.Other parameters have been calculated accordingly as derivatives of Turnover for purpose of MoU performance for FY 2019-20. The same is under consideration.

Your Directors have recommended a final dividend of Rs 0.135/- per fully paid-up equity share of Rs 1/- each (i.e. @13.5%) for the financial year 2019-20, subject to the approval of the members at the ensuing Annual General Meeting.

The Government of India (GOI) has, from time to time, disinvested its stake in the Company. The Government of India held 122,73,08,635 Equity Shares i.e. 68.18% in the Company at the begining of the financial year. During the FY 2019-20 the Government of India disinvested 11,57,29,542 Equity Shares i.e. 6.43%, as a result, GOI’s holding as on March 31, 2020 reduced to 111,15,79,093 equity shares i.e. 61.75% of total paid up share capital of the Company

NBCC Q4 FY21 Results

June 30, 2021; State-owned construction firm NBCC has posted a flat consolidated net profit of Rs 83.30 crore for the quarter ended March 31, 2021. 4

Its net profit stood at Rs 83.77 crore in the year-ago period.

Total income rose to Rs 2,706.80 crore in the quarter under review from Rs 2,651.43 crore in the corresponding period of the previous year, according to a regulatory filing.

NBCC closed a net profit of Rs 236.24 crore in the last fiscal year as against Rs 99.86 crore in 2019-20.

Total income, however, fell to Rs 7,012.35 crore in 2020-21 from Rs 8,292.99 crore in the previous year.

Recent developments

NBCC gets Rs 206 crore order from Odisha Hydro Power Corporation 5

June 30, 2021; State-owned construction company NBCC has bagged a project worth Rs 206 crore from Odisha Hydro Power Corporation Ltd.

NBCC (India) has been awarded the work order for engagement as Project Management Consultant for undertaking various civil works of Odisha Hydro Power Corporation, according to a regulatory filing.

"NBCC is project management consultant for this project of the value Rs 206.00 crore (approx),” the filing added.


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Created by Asif Farooqui on 2021/07/20 10:51

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