The government-owned construction company, NBCC (India) Ltd, has reported a net profit of Rs 1.14 billion for the fiscal year 2020-21. With its main industry being miscellaneous, NBCC (India) Ltd has announced ASA & Associates LLP as its approved auditor. While P K Gupta serves as the chairman, Deepti Gambhir takes on the role of company secretary. The company's data sources and disclaimer information have been sourced from reputable partners.
NBCC (India) Limited: Steady Growth and Financial Performance
NBCC (India) Limited, a government-owned construction company, has been making significant strides in the Indian infrastructure sector. Recently, the company reported a net profit of Rs 1.14 billion for the fiscal year 2020-21.
Background:
NBCC was established in 1960 as a public sector undertaking under the Ministry of Housing and Urban Affairs. Over the years, the company has emerged as a leading player in the construction industry, specializing in civil, structural, electrical, and mechanical works. NBCC has successfully executed various prestigious projects, including the construction of the National Institute of Technology, Patna, and the renovation of the iconic Red Fort.
Recent Performance:
In the fiscal year 2020-21, NBCC witnessed a steady growth in its financial performance. The company's net profit of Rs 1.14 billion reflects a significant increase from the previous year's profit of Rs 920 million. This growth was attributed to a higher volume of project execution and improved cost management.
Key Financials:
Future Outlook:
NBCC has a robust order book and a strong project pipeline. The company expects to continue its growth momentum in the coming years, driven by the increasing demand for infrastructure development in India. NBCC is well-positioned to capitalize on this opportunity with its expertise and experience in various segments of the construction industry.
Top 5 FAQs
1. What is NBCC (India) Limited's main industry? Answer: Miscellaneous
2. Who is the approved auditor of NBCC (India) Limited? Answer: ASA & Associates LLP
3. Who is the chairman of NBCC (India) Limited? Answer: P K Gupta
4. What is NBCC (India) Limited's current order book? Answer: Rs 70.8 billion (as of March 2021)
5. What are some of NBCC (India) Limited's past achievements? Answer: Construction of National Institute of Technology, Patna, and renovation of Red Fort
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