New Delhi: State-owned construction major NBCC India Limited has secured a new work order worth Rs 55.02 crore from Indian Overseas Bank for the construction of its new Regional Office in Raipur. The project is part of NBCC’s ongoing project management consultancy operations.
Scope of the Project
According to the company’s regulatory filing, the contract involves –
- Planning, designing, and execution of the new regional office building
- Handover of the completed project to Indian Overseas Bank
- Execution entirely within India
The project, valued at approximately Rs 55.02 crore excluding GST, will contribute to the growth of NBCC’s order book in the infrastructure and construction segment.
Regular Business Activity, No Conflict of Interest
NBCC clarified that the project –
- Does not involve related party transactions
- Neither the promoter nor the promoter group has any interest in the awarding entity
- Is part of NBCC’s normal business operations
This transparency aligns with NBCC’s standard regulatory compliance and corporate governance practices.
Disclosure to Stock Exchanges
The company has informed the stock exchanges about the award and also made the details available on its official website, reaffirming its commitment to disclosure and investor communication.
Strengthening Infrastructure Footprint
The Raipur regional office project highlights NBCC’s continued focus on delivering high-quality construction and project management services for government and institutional clients. The award also reinforces the company’s role as a trusted partner in India’s urban infrastructure development.
About NBCC
NBCC (India) Limited, formerly known as National Buildings Construction Corporation, is a premier government-owned public sector undertaking (PSU) specializing in construction and project management in India. With expertise in executing large-scale infrastructure projects across sectors such as education, healthcare, and urban development, NBCC continues to play a critical role in nation-building while expanding its project portfolio across India.
Read also: NBCC Wins Rs 57.19 Crore Orders from Navodaya Vidyalaya Samiti for School Infrastructure Projects
