NBCC secures four orders from Raipur SMART City
State-owned infrastructure company, NBCC (India) secured four orders from Raipur SMART City Limited (RSCL). The company will charge project management consultancy fees at the rate of 8 per cent on the actual cost of work as per the terms of the agreement.
NBCC had signed an MoU with RSCL in February for various several infrastructure projects as their executing agency for which the company will charge management consultancy fees.
Three of the four orders are for the commercial redevelopment of Ganj Mandi, Shastri Mandi and Naveen markets in Raipur. These projects have a total estimated cost of Rs. 700 crore. The other order is for the development of two vacant lands in Raipur.
The company has a presence across three main segments namely, Project Management Consultancy (PMC), Real Estate Development and EPC Contracting. The PMC segment contributes 88 per cent to the company's revenues and has an order book of almost Rs. 85,000 crore. The company has won projects worth Rs. 8,311.68 crore for the April-December 2018 period. The company also made an entry into large-scale residential projects with the Supreme Court handing over incomplete projects of the private builder, Amrapali Group to the company.
On Tuesday, NBCC (India) was trading at Rs. 61.85 per share, up 5.01 per cent on the BSE.