An excavator sits parked in a clearing near a commercial building in Gujarat International Finance Tec-City (GIFT City), Gujarat. (Photographer: Dhiraj Singh/Bloomberg)

NBCC Maintains 30-35% Revenue Growth Forecast For This Year

NBCC (India) Ltd. expects to maintain its 30-35 percent revenue growth forecast for the current financial year, Chairman and Managing Director Anoop Kumar Mittal said.

The state-run engineering and construction company expects Rs 50-70 crore revenue to come from Gomti Nagar railway project this year. Mittal said the company expects to start three-to-four more railway related projects but did not give a timeline for them.

“We will improve our revenue growth rate next year,” Mittal said. The company clocked a revenue of Rs 6,890 crore last financial year.

Status Check on Project

  • Status of projects in Nauroji Nagar, Sarojini Nagar And Netaji Nagar will be clear after the Delhi High Court hearing on Oct. 3.
  • The company is handling close to 200 projects that are currently generating revenue.
  • Revenue from the work-in-progress projects will commence from October.
  • There are two to three AIIMS projects in the pipeline.
  • Hospital and border fencing projects will aid revenue in the October-December period.

Meanwhile, Mittal said the company expects to complete the acquisition of a state-owned company by the end of this month depending on how the government respond to its offers.

Watch the full conversation here: