Latest news with #NBCC(India)Limited
Business Upturn
21-05-2025
- Business
- Business Upturn
NBCC secures Rs 161.55 crore contract from Power Finance Corporation for interior works in Delhi
By Aditya Bhagchandani Published on May 21, 2025, 18:42 IST NBCC (India) Limited has announced the receipt of a new work order worth approximately Rs 161.55 crore (excluding GST) from Power Finance Corporation Limited. The project involves executing interior works at Tower-H of the World Trade Centre in Nauroji Nagar, New Delhi. The company confirmed that this assignment falls within its regular course of business and reinforces its ongoing role in infrastructure development for key public sector clients. The details were disclosed in a regulatory filing with the stock exchanges on May 21, 2025. According to NBCC, the awarded project further strengthens its presence in the capital region and adds to its growing order book of government and PSU-led projects. The information is also available on NBCC's official website. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
19-05-2025
- Business
- Business Upturn
NBCC shares jump 4% after company sells 446 homes at Noida's Aspire Silicon City for Rs 1,468 crore
By Aman Shukla Published on May 19, 2025, 09:35 IST Shares of NBCC (India) Limited jumped 4% following the company's announcement of a successful e-auction of residential units in Noida, Uttar Pradesh. As of 9:32 AM, the shares were trading 3.83% higher at Rs 115.33. In an exchange filing, NBCC reported the sale of 446 residential units at Aspire Silicon City, Phase-IV, located in Sector 76, Noida. The total sale value stands at approximately ₹1,467.93 crore. The transaction was conducted through a transparent e-auction process. As per the terms of engagement, NBCC will earn a marketing fee of 1% of the total sale value, amounting to nearly ₹14.68 crore. The company stated, 'NBCC (India) Limited has successfully sold 446 residential units at Aspire Silicon City, PH-IV at Sec-76, Noida, U.P. through an e-auction at total sale value of approx. ₹1,467.93 crore. NBCC will get marketing fee @ 1% of sale value.' Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
The Hindu
06-05-2025
- The Hindu
New bus terminus opens to praise and practical challenges
M.S. Anitcham The newly-reconstructed Rajiv Gandhi Bus Terminus, which was thrown open to the public on Friday, has evoked mixed passenger responses, with some praising the renovated facility and others flagging a few constraints. The facility, reconstructed by the NBCC (India) Limited — a Central public sector undertaking, at a cost of ₹15.75 crore under the Smart Cities Mission was formally opened to public use on May 2, after being delayed for long due to various factors since the foundation was laid in June 2023. Among its many touted features are 42 bus bays, 31 shops, two restaurants, four transport offices, parking facilities for six omni buses, a cloak room, an ATM, three general waiting halls with a capacity of 30 each, an air-conditioned waiting hall, two dormitories, and a parking lot that can accommodate 450 two-wheelers and 25 cars. The terminus also has an information centre, a CCTV room, ticket booking offices, an administrative building and a sanitation complex. The most glaring drawback that many users highlighted was the inadequate space earmarked for long-distance buses plying via ECR and Tindivanam bypass. Besides, the smart-city project which has increased the size of the terminus building, is yet to provide adequate parking shelters for long-duration buses that operate via ECR and bypass routes. The space constraints at the designated slots for these services are proving to be a hassle not just for passengers but also for transport personnel, who complain of insufficient parking bays for buses. With almost all the services getting operated from the facility — 182 buses travelling on the ECR route and 113 buses travelling on the bypass route towards Chennai — there is a jockeying for the limited space by a line of vehicles, especially during peak hours. 'Passengers face severe hardship as they are forced to stand in the sun while waiting for buses heading to Chennai, Mahe and other states, as there are no bus shelters,' said Shankar, a conductor. The ongoing construction of the shelter for Chennai-bound buses includes only three slots each — limiting the waiting area for travellers bound for Chennai. 'The area used for parking buses previously has been turned into a two-wheeler parking zone, now forcing the buses to be parked outside,'' said another bus crew personnel. 'While the building housing the shops in the bus terminus appears to be large, the number and size of the bus slots have been reduced,' he added. The commercial outlets in the new terminus are yet to be opened, with only Ponlait and Le Café being operational. Passengers and conductors also point out that the paid toilet system is unreasonable as they should not be made to pay for basic facilities in a public space. Many passengers suggested that the bus identification details should be made more visible. 'Change of locations of bus slots for each destination is confusing even for frequent commuters and people familiar with the previous layout,' states Panimalar and Kural, a married couple. Overall, passengers believe that the reconstructed terminus is a significant upgrade from its previous version. Also, while most commuters expressed satisfaction with the availability of clean drinking water and tidy slots for the buses, they expected the authorities to maintain the level of cleanliness visible during the launch of the renovated transport terminal on May 2 in future too.
