NBCC bags Rs 3,200 crore project in Mumbai from Finance Ministry


State-owned construction firm NBCC said that it has bagged Rs 3,200 crore project from the Union Finance Ministry to develop a residential-cum-office complex in Mumbai.

In a BSE filing, NBCC informed that it has got LOI (letter of intent) from Department of Customs and Excise for “planning, designing and construction of office complex and residential quarters at Wadala, Mumbai amounting to Rs 3,200 crore on self-revenue generation model”.

NBCC has an order book of Rs 75,000 crore at present and hopes that the figure will reach to Rs 1 lakh crore soon.

The company, which is under the administrative control of Ministry of Housing and Urban Affairs, is present in three main segments – Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.