NBCC looks to grow its revenue to Rs 25,000 crore in 5 years
NBCC (India) Ltd is targeting to reach Rs 25,000 crore revenue in the next five years from Rs 11,000 crore in the current financial year, KP Mahadevaswamy, CMD, NBCC told ET.
The company also aims to increase annual profit to Rs 5,000 crore in five years from Rs 400 crore currently by focusing on real estate development and redeveloping land that are not utilised by other PSUs.
“Covid impacted the overall performance of NBCC but we are back on track and have a healthy pipeline of projects. We have an order book of Rs 55,000 crore and we plan to take orders worth Rs 15,000-20,000 crore every year.
We have prepared a roadmap to reach Rs 25,000 crore revenue in the next five years,” said Mahadevaswamy.
The company had reported Rs 8,900 crore revenue in 2022-23, and expected to reach Rs 11,000 crore in 2023-24.
Apart from project consultancy, NBCC plans or focus of redevelopment and real estate projects to increase the revenue.
“We are in discussion with a number of PSUs who have vacant land and we are looking to utilities it commercially. We have an expertise in that after successfully doing it in Delhi.
