NBCC HOLDS 65TH ANNUAL GENERAL MEETING

NBCC (India) Ltd the State-owned Navratna Enterprise Company is poised to capitalize on the increased impetus to infrastructure development by the Government. Shri K.P. Mahadevaswamy, CMD, NBCC (India) Limited at the 65th Annual General Meeting (AGM) held at East Kidwai Nagar on 24.09.2025 highlighted the key achievements of the company during FY 24-25. He also showcased the various opportunities that the company is pursuing in both domestic and international sectors.

 

During the meeting, other members of NBCC Board, viz., Shri Saleem Ahmad, Director (Projects), Shri Suman Kumar, Director (Commercial), Shri Anjeev Kumar Jain, Director (Finance) Government Nominee Directors Shri Sanjeet, Joint Secretary & Financial Advisor, Ministry of Housing and Urban Affairs, Government of India, Shri Ravi Kumar Arora, Joint Secretary (Land & Estates) and Independent Directors Shri Bhimrao Panda Bhosale, Shri Deepak Singh, Shri Rajeev Kumar, Shri Vishal Puri and Smt. Deepti Gambhir, Company Secretary, NBCC were also present.  

 

The Company posted a consolidated revenue of ₹12,038.57 crore, up 15.68% year-on-year, and a consolidated PAT of ₹557.42 crore, up 34.52%. On a standalone basis, revenue stood at ₹8,725.36 crore with PAT rising 38.26% to ₹476.11 crore. Its consolidated order book touched ₹1,20,533 crore, reaffirming NBCC’s leadership in redevelopment, real estate, overseas ventures and PMC works.

 

Shri Mahadevaswamy, highlighted the achievements of the company for the FY 2024-25 during his address to shareholders. The key points in his speech included the following ; 

 

NBCC declared its highest-ever dividend of ₹180.90 crore (@67%) and issued 90 crore bonus equity shares in the ratio of 1:2, underscoring its commitment to shareholder value creation. The Company secured new works worth ₹23,250 crore and achieved complete commercial sales at its flagship redevelopment projects — World Trade Centre, Nauroji Nagar (₹13,409 crore) and Downtown, Sarojini Nagar (₹1,391 crore), aggregating nearly ₹14,800 crore. Under the Amrapali mandate, NBCC completed 25,500 housing units and initiated further sales expected to generate ₹2,353 crore.

 

Strengthening its global footprint, NBCC is executing its largest-ever overseas EPC project — 2,000 social housing units in Hulhumale, Maldives, valued at $130 million. This landmark project, funded through EXIM Bank of India under the Government of India’s NEIA framework, stands as a symbol of India–Maldives cooperation. The recent inauguration of the project by the Hon’ble Prime Minister of India and the Hon’ble President of the Republic of Maldives reflects not only company’s strategic significance, but also NBCC’s capability in delivering world-class, socially impactful infrastructure on the global stage.

 

The company has also expanded operations with a subsidiary in Dubai and is exploring new opportunities in Uzbekistan and the UAE.

 

Anchored in sustainability and digital transformation, NBCC advanced green construction practices, adopted centralised project monitoring, and invested in workforce development through 90 training programmes. Its CSR interventions continued to make impact in education, healthcare, sanitation, renewable energy, and skill development.

 

The Company’s excellence was recognised with an ‘Excellent’ MoU rating from DPE, securing 2nd rank among all CPSEs and 1st in its sector with a record score of 98.50. Iconic projects such as Bharat Mandapam, Vanijya Bhawan, IIM Sambalpur and AIIMS Bilaspur earned prestigious GRIHA ratings, while awards in digital transformation and cybersecurity further validated NBCC’s credentials.

 

Aligned with the vision of Viksit Bharat, NBCC remains committed to creating sustainable, inclusive infrastructure and delivering long-term value for its stakeholders as a trusted arm of the Government of India.

 

While concluding, Shri Mahadevaswamy has expressed his heartfelt appreciation and gratitude to the Government of India, specifically the Ministry of Housing and Urban Affairs, Ministry of Finance, Department of Public Enterprises, DIPAM, SEBI, and Ministry of Corporate Affairs (MCA), as well as all other Central and State Government Agencies, C&AG of India, esteemed clients of NBCC, valued customers, dedicated employees and stakeholders for their support and cooperation which has been instrumental in taking the Company forward on its journey of progress and success.

 

NBCC continues to strive for excellence in its core business activities and is committed to provide utmost value to its shareholders.