New Delhi: State-owned NBCC (India) Limited has been awarded a substantial work order worth approximately ₹179.37 crore by the Indian Institute of Management (IIM) Sambalpur. The contract, secured in the normal course of business, will cover the Phase-II infrastructure development of the institute’s permanent campus, marking a major step in enhancing its facilities.
Project Scope and Objectives
As the Project Management Consultant (PMC) for this domestic project, NBCC will oversee planning, coordination, and execution of the new infrastructure. Key aspects of the project include:
- Scope of Work: Development of new academic blocks, residential facilities, and associated campus infrastructure.
- Purpose: Support IIM Sambalpur’s campus expansion to accommodate growing student and faculty requirements.
- Nature of Contract: Domestic project management consultancy services.
This phase of development is expected to provide modern amenities and improved capacity for students and faculty, supporting the institute’s vision for academic excellence and sustainable campus growth.
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Regulatory Compliance and Transparency
In its official filing with the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), NBCC provided clarifications to ensure transparency and compliance:
- No Conflict of Interest: The contract does not involve related-party transactions or promoter interests.
- Regulatory Compliance: Disclosure adheres to all regulatory requirements for listed companies.
- Stock Information: NBCC is listed on NSE under the symbol NBCC and on BSE under 534309.
The filing highlights NBCC’s commitment to corporate governance and maintaining transparency in its operations.
About NBCC (India) Limited
NBCC (India) Limited is a central public sector enterprise specializing in construction and project management consultancy. The company undertakes large-scale infrastructure projects across India, including residential, commercial, and institutional developments. Listed on NSE and BSE, NBCC focuses on delivering high-quality projects while ensuring compliance with regulatory standards and sustainability practices.
Read also: NBCC India Secures ₹289.39 Crore in Major Project Management and Infrastructure Contracts
