NBCC’s 64th AGM: Charting a Course for Growth

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.