New Delhi, September 25, 2024 – NBCC (India) Ltd, a Navratna Enterprise Company, held its 64th Annual General Meeting (AGM) via video conferencing, marking a significant milestone in its journey.
Strategic Focus on Redevelopment
Shri K.P. Mahadevaswamy, CMD, highlighted NBCC’s achievements in FY 23-24, emphasizing its focus on redevelopment and PSU land monetization. The company has:
– Generated 25 million man-days
– Secured new business worth Rs. 23,500 Crore
– Achieved highest-ever revenue of Rs. 10,450 Crore, up 17.5% YoY
Resolutions Approved
Shareholders approved:
– 63% final dividend per paid-up equity share
– 1:2 bonus share issue, increasing paid-up equity share capital to Rs. 270 Crore
– Authorized share capital increase to Rs. 1,000 Crore
ASPIRE Team’s Achievements
NBCC, along with ASPIRE, has:
– Sold 6,300 units in Amrapali Projects, valued at Rs. 3,650 Crore
– Deployed a strong workforce of approximately 8,000 personnel
Commitment to Excellence
Shri Mahadevaswamy expressed gratitude to the Government, clients, and stakeholders. NBCC remains committed to delivering value to shareholders, driving growth and success in the industry.