NEW DELHI — State-owned construction major NBCC (India) Limited has secured new domestic work orders collectively valued at approximately ₹131.02 crore (excluding GST). The projects, secured under a Project Management Consultancy (PMC) model, span across corporate and state government infrastructure.
Breakdown of the Work Orders
-
New Andhra Pradesh Bhavan (New Delhi): Valued at ₹105.50 crore, this project was awarded by the Resident Commissioner, Government of Andhra Pradesh. It entails the construction of the new state bhavan in the national capital.
-
Central Bank of India Office (Amaravati): Valued at ₹25.52 crore, this contract involves constructing a new office building for the public sector bank in Andhra Pradesh’s upcoming capital city.
Corporate Standing
In a regulatory filing with the stock exchanges, NBCC confirmed that these contracts were bagged in the ordinary course of business. The company also clarified that these are not related-party transactions, and its promoters have no interest in the entities awarding the contracts.
