State-owned construction firm NBCC is expecting 25 per cent growth in revenue this fiscal to nearly Rs8,000 crore helped by execution of new contracts like the redevelopment of the Pragati Maidan exhibition centre here.
The company is targeting to secure new orders worth Rs 25,000 crore this financial year, its CMD Anoop Kumar Mittal said, while highlighting the company bagged a major contract last month to redevelop 10 railway stations across the country.
Mittal said the company currently has an order book of over Rs70,000 crore and is expecting to secure new orders of Rs25,000 crore this fiscal. Highlighting the ongoing projects, Mittal said the NBCC is undertaking mega redevelopment projects at East Kidwai Nagar, Nauroji Nagar, Sarojini Nagar and Netaji Nagar in the national capital.
NBCC’s CMD said the company was looking for projects in Uttar Pradesh where it does not have much presence. Earlier this month, NBCC entered into an agreement with the South Delhi Municipal Corporation (SDMC) to construct an office building here at a cost of Rs525 crore.
Apart from the domestic market, NBCC is actively looking for projects in overseas markets and is targeting at least Rs1,000 crore new orders.