Allied Industry

NBCC bags Rs 120 crore contract from Archaeological Survey of India

NEW DELHI: State-owned NBCC India Ltd on Saturday said it has bagged a Rs 120 crore contract from Archaeological Survey of India (ASI) for construction of Institute of Archaeology and UNESCO Category-II Centre in Greater Noida.

ASI has executed a memorandum of understanding (MOU) with NBCC for “assigning work for construction of Institute of Archaeology and UNESCO Category-II Centre at Knowledge Park- II, Greater Noida amounting Rs 120.00 crore (approx),” the company said in a filing to the BSE.

Earlier this month, NBCC had bagged a Rs 250 crore contract to construct a hospital in West Bengal.

“NBCC has secured work for construction of 30-bedded ESIC hospital at Baltikuri, West Bengal amounting to Rs 250 crore,” the company had said.

NBCC secured a total business of Rs 344.72 crore in July.

NBCC, which is under the administrative control of Ministry of Urban Development, is present in three main segments – Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.

Meanwhile, the government has kick-started the process to sell 15 per cent stake in NBCC and has invited merchant bankers to manage the share sale. Last month, the Cabinet had cleared 15 per cent stake sale of NBCC through an offer for sale (OFS).

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