NBCC (India) Limited

Last updated

NBCC (India) Limited
Company type Central Public Sector Undertaking
BSE:  534309
NSE:  NBCC
FoundedNew Delhi, India
Key people
Sh. K P M Swamy
(Chairman & MD),
RevenueDecrease2.svg5,210.34 crore (US$620 million) (2020) [1]
Decrease2.svg247.94 crore (US$30 million) (2020) [1]
Decrease2.svg79.87 crore (US$9.6 million) (2020) [1]
Total assets Decrease2.svg7,765.38 crore (US$930 million) (2020) [1]
Total equity Decrease2.svg1,523.60 crore (US$180 million) (2020) [1]
Owner Ministry of Housing and Urban Affairs, Government of India [2]
Number of employees
1,496 (March 2021) [3]
Subsidiaries
Website www.nbccindia.in

NBCC (India) Limited, formerly known as National Buildings Construction Corporation is a public sector undertaking (PSU) company under the Ministry of Housing and Urban Affairs, Government of India. [4]

Contents

The central public sector undertakings' present areas of operations are categorised into three main segments; (i) project management consultancy (PMC), including redevelopment of government properties, (ii) engineering, procurement and construction (EPC) and (iii) real estate development.

NBCC acquired a 100% stake in Mini Ratna hospital consultancy firm Hospital Services Consultancy Corporation Limited (HSCC) from the Ministry of Health and Family Welfare on 6 November 2018. [5] [6] The organization acquired over 51% stake in Hindustan Steelworks Construction Limited (HSCL), a PSU under the Ministry of Steel, in 2017.

NBCC is headquartered in the city of New Delhi, India and it has 31 regional offices across India. The projects undertaken by the company are located across India and in other countries such as Iraq, Libya, Nepal, Mauritius, Turkey, Botswana, Maldives, Yemen, Oman, UAE, [7] Dubai and Africa. The organization has executed several landmark projects that include re-development of government properties, construction of roads, railway stations, hospitals and medical colleges, institutions, offices, bridges, and industrial & environmental structures.

NBCC is designated as the implementing agency for executing projects under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Pradhan Mantri Gram Sadak Yojna (PMGSY), Solid Waste Management (SWM) and developmental work in North Eastern Region. [8]

NBCC is also working as a PMC for the redevelopment of Pragati Maidan of the India Trade Promotion Organisation. [9] A number of Central Government ministries and various state governments have been utilizing the services of NBCC as their extended engineering arm.

Functional setup

MSTC Limited HQ built by NBCC MSTC HQ NewTown Kolkata.jpg
MSTC Limited HQ built by NBCC

NBCC has its corporate office in New Delhi which works as a policy maker, planner and overall controller. Corporate functions are managed through various organizational divisions viz. Project Management Group, Business Development, Real Estate, Vigilance, Contract Engineering, Law, Centralized Procurement Group (CPG), Finance, Corporate communication, Personnel & Administration.

The work of the corporation is further decentralized into various Regional Business Groups (RBGs), Strategic Business Groups (SBGs), Zones, Units and Sites. RBG/SBG/Zones are controlled by executives of the rank of ED/CGM/GM respectively who directly reports to the Director(s) sitting in HO.

Regional Business Groups and Strategic Business Group headquarters are located at Delhi as well as at other places in all the states depending upon the quantum and the nature of the projects. RBGs are headed by Executive Director; SBGs by CGM & Zones are headed by GM/AGM and are assisted in their work by Technical, Finance & P&A Staff of appropriate level. RBGs/SBGs/Zones control and look after several projects which are headed by Unit-in-Charges.

Each project is a profit centre and is expected to operate efficiently to achieve turnover targets and profitability as per MoU signed between the corporate office and the RBG/SBG/Zonal Heads. The units are headed by an officer of the rank of AGM/DGM/PM/DPM/SPE. The Unit In-charge is responsible for efficient execution of a project and within approved cost who is assisted by other Technical staff depending upon the nature and value of project. The unit In-charge, from time to time, appraises the Zonal In-charge about providing the requisite inputs / resources required for the execution of the work.

Project site is controlled by a Site In-charge. The project is provided with the required number of technical staff. The site in-charge is responsible for efficient execution of the project ensuring its timely completion.

The Job Description and Duties & Responsibilities of various Heads are given below:

History

NBCC was incorporated in 1960 as a wholly owned Government of India public sector undertaking (PSU) under the erstwhile Ministry of Works, Housing & Supply (MoWHS), which is now known as the Ministry of Housing and Urban Affairs (MoHUA).

In 1977, NBCC started its overseas operations. [10]

In 2007, NBCC paid a dividend to the Government of India for the first time and since then, it has been paying a dividend every year. In the year 2008, the Department of Public Enterprises of the Ministry of Heavy Industries and Public Enterprises, through its office memorandum No. 9(8)/2008-GM dated 3 October 2008 accorded the approval of the Ministry of Housing and Urban Affairs upgrading NBCC from a Schedule "B" public sector enterprise to a Schedule "A" public sector enterprise. Subsequently, on 14 October 2008, the NBCC was granted Schedule "A" PSU status.

NBCC launched an IPO in April 2012 and was listed in BSE and NSE. In September 2012, NBCC was granted the Mini Ratna- I status by the Government of India.

The Government of India granted the status of a 'Navratna Company' to NBCC with effect from 23 June 2014. [11] [12] The status of a 'Navratna PSE' made NBCC eligible to invest up to Rs 1,000 crore without the requirement of explicit government approval.

In October 2014, NBCC set up its wholly owned subsidiary NBCC Services Limited (NSL). [13] In 2021, NBCC’s order book had projects worth Rs.60,000 Crore. [14]

Business segments

The Business Model of NBCC is categorized into three domains. They are project management consultancy (PMC), engineering procurement and construction (EPC) and real estate development.

Revenue generation/redevelopment model: NBCC has been focussing on self-sustaining revenue generation model by taking up redevelopment of residential apartments for government employees and railway stations. It commercially develops the adjoining land parcels in the vicinity of the projects and makes it entirely self-sustainable. The major projects executed through this model are the GPRA colonies at New Moti Bagh and East Kidwai Nagar, New Delhi. [20] [21]

Overseas Operations

In 1977, NBCC started working on international construction & infrastructure projects in the Middle East and African countries. [10] The company has been engaged in the construction of National Prison Academy in Maldives, Supreme Court building and Social Housing project in Mauritius, [22] Mahatma Gandhi International Convention Centres in 9 African countries [23] and the India Pavilion at the Expo 2020. [24]

Subsidiaries and Joint Ventures

NBCC has formed subsidiaries and joint ventures for construction and infrastructure projects, in India and abroad. [25]

Projects

National

Overseas

Sustainable construction

NBCC has adopted a policy to incorporate sustainable green features into its projects. The features include zero waste, dual piping, rainwater harvesting, solar energy, smart electricity metering, and LED/energy efficient fixtures. [38] The projects undertaken by the company conform to green building norms. The company makes use of environment friendly techniques [39] and materials such as steel structures, modular construction, pre-cast, pre-fab components and light weight concrete slabs.

The company also ensures strict compliance with the guidelines to curb air and water pollution at its project sites in its bid to contribute towards a safer environment. [40]

Financial performance

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