NBCC looking forward for expansion
National Buildings Construction Corporation Ltd. (NBCC), a Navratna company under the ministry of urban development, is looking to expand overseas to tap the more than Rs 2,000 crore infrastructure redevelopment and consultancy services market in Maldives, Turkey, Botswana, Oman and Malaysia.
We are definitely looking for expansion overseas especially with the expertise in re-development. We have signed MoUs recently with Sultanate of Oman and Malaysia for infrastructural works said Anoop Kumar Mittal the chairman and managing director, NBCC said.
The company has already secured projects that would yield more than Rs 100-crore revenue in this financial year from its redevelopment projects in Maldives, Turkey and Botswana. Mittal said that project management consultancy has been contributing the most to NBCCs revenues at almost 85 percent.
This expansion overseas will be helping this National Building Corporation. The company is looking for the expansion soon. However it has not been listed as whether they are looking forth an early expansion or is it stated to happen later. The details might be processed in the next few months as is being expected from the company.
Source: Hindustan Times
Anoop Kumar Mittal, business and finance, centre for innovation and research and development, Economy, Infrastructure and construction, National Buildings Construction Corporation Ltd, NBCC, New Delhi, redevelopment projects in Maldives, research, science and technology
