NBCC Maintains 30-35% Revenue Growth Forecast For This Year
NBCC’s Chairman and Managing Director Anoop Kumar Mittal expects the topline to improve further in the next financial 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.
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