India

NBCC Set to Enter New Growth Phase After CMD A.K. Mittal’s Tenure Extended


The Appointments Committee of the Union Cabinet has extended the tenure of Dr. Anoop Kumar Mittal, Chairman and Managing Director of NBCC (India) Limited in recognition of his invaluable contribution and pioneering work towards creating a world-class organisation.


 


Dr. Mittal is known as a visionary and has brought sea-change in the functioning of government-owned project management and consultancy firm. His ability to execute to perfection a wide range of end-to-end marquee projects is well recognised in industry circles. He has worked in various capacities at NBCC after joining the company in 1985.


 


After becoming the Chairman and Managing Director in 2013, he transformed the state-owned construction major into a one of the leading construction companies in the country. He has been instrumental in setting fresh benchmarks and credited for adopting new technologies for developing environment-friendly residential, commercial, institutional and office landmark projects.


 


Under Dr. Mittal’s leadership, NBCC’s turnover has doubled and order book grown four times with the current order pipeline at about Rs 80,000 crore. The market capitalisation has grown nearly 20 times, standing tall at about Rs 20,000 crore in 2016-17 against Rs 1,100 crore in 2012-13. The market capitalisation touched an all-time high of Rs 25,000 crore in November 2017.


 


The company is engaged in many flagship schemes of the government like Swachh Bharat Abhiyaan, Namami Gange, Smart Cities Mission, Skill India, and Housing For All by 2022. Dr. Mittal’s continuation at the helm will enable NBCC to execute huge pipeline of projects as a part of nation building.


 


NBCC’s execution of border fencing along Indo-Bangladesh and Indo-Pak border has majorly contributed in securing India’s international boundaries. NBCC has also been involved in development of roads in remote and terror-infested areas under the Pradhan Mantri Gram Sadak Yojana in Bihar, Jharkhand, West Bengal, Tripura and Odisha. This has helped in promoting trade and benefitted the regional economy.


 


 


About NBCC


NBCC (India) Ltd., is a blue-chip Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs (MoHUA), Govt. of India. Certified with ISO 9001:2008 from the Bureau of Indian Standards in respect of Project Management & Consultancy, the Company’s present areas of operations are categorized into three main segments, i.e. (i) Project Management Consultancy (PMC), (ii) Real Estate Development & (iii) EPC Contracting.


 


The company is listed with both the Stock Exchanges since 2012. With consolidated revenue of INR 6401 Crore, the company has been growing with a consistent upward trajectory of 20% CAGR since the last 5 years. The company’s unique business model has today made it stand out as a leader in its own right in the construction sector with more than INR 80,000 crore Order Book in hand.


 


Visit us: www.nbccindia.com


Follow us on: Twitter @OfficialNBCC & Facebook @OfficialNBCC


Source: NV1

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