Connect with us


NBCC pays dividend of rs.108 crore to the Government


Shri M. Venkaiah Naidu, Hon’ble Minister of Urban Development, Govt. of India, receiving NBCC’s Dividend Cheque of Rs.108 crore for FY 2015-16 from Dr. Anoop Kumar Mittal, CMD. The Dividend was presented to the Hon’ble Minister, at a function held on October 6, 2016 and was also graced by Shri Rajiv Gauba, Secretary (UD), Shri D.S. Mishra, Addl. Secretary (UD), Directors of NBCC and other senior officers of the Ministry &NBCC. Considering the impressive performance of the Company during FY 2015-16, NBCC has paid 100% dividend this time which is an increase of 45% as compared to the last year.It may be mentioned that during the FY 2015-16, NBCC has posted a Turnover of Rs.5759.86 crore, PBT Rs.441.33 crore and PAT Rs.311.11 crore.

Latest News

News1 day ago

UP Real Estate Appellate Tribunal’s “Online Justice Delivery System” awarded for Innovative Technology for Smart Governance by Computer Society of India

U.P. Real Estate Appellate Tribunal’s “Online Justice Delivery System” has been awarded for Innovative Technology for Smart Governance and selected...

News2 days ago

52% NRIs see Indian commercial properties emerging as a new asset class

The Indian real estate segment demonstrates an upward trajectory with the projection to exhibit a growth rate of 9.2% CAGR...

Guest Column2 days ago

Welspun Gp acquires Sintex BAPL

Mumbai, March 30, 2023: Welspun Group has acquired the plastic industry market leader, Sintex.  Sintex’s auto business already has a...

New Launches2 days ago

Naiknavare Developers launches Avasa, new vertical of structured plots; commences e-commerce platform designed for plotting

Pune, March 30, 2023: Naiknavare Developers, renowned for its well-thought-out community-centric residential and commercial projects in Pune, Mumbai, and Goa, today announced it...

News2 days ago

Residential demand up 14.2%, supply grew 1.9% YoY: Magicbricks PropIndex Report, Jan-Mar’23

New Delhi/Noida, March 30, 2023: Continuing on the path of resilience and overall growth, India’s residential demand increased 14.2% and...

News2 days ago

Mahindra Life transacts with Alliance Gp for 9.24 acres at Mahindra World City, Chennai

New Delhi, March 29, 2023: Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development business of the Mahindra...