NBCC Secures Rs 45 Crore Construction Contract from Canara Bank
Filing Summary
NBCC (India) Ltd has received a work order valued at approximately Rs 45 Crore from Canara Bank. The contract involves the construction of the official premises for the Regional/Circle Office Building of Canara Bank located in Ranchi, Jharkhand. This project is part of NBCC’s regular business operations. The contract is categorized under Project Management Consultancy and is a domestic order. The details of the contract are available on NBCC’s official website. The company has confirmed that this transaction does not involve any related party transactions.
NBCC (India) Ltd has been awarded a work order by Canara Bank for the construction of the official premises for the Regional/Circle Office Building at 229, Murma, Nagri Anchal, Ranchi, Jharkhand. The approximate value of this contract is Rs 45 Crore, excluding GST. This work order is part of NBCC’s routine business activities.
The contract awarded by Canara Bank is classified under Project Management Consultancy. It is a domestic contract, and the order does not involve any related party transactions. The company has not disclosed the specific time period for the execution of this contract.
Additional details regarding the contract can be found in Annexure-I of the filing. The information is also available on the company’s official website. NBCC has confirmed that neither the promoter nor the promoter group has any interest in the entity awarding the contract.
Canara Bank is a major public sector bank in India, focusing on providing a wide range of banking and financial services. The bank is involved in various initiatives to expand its infrastructure and enhance its service delivery capabilities.
NBCC (India) Ltd is a government-owned enterprise engaged in the construction and real estate sector. The company focuses on project management consultancy, real estate development, and engineering procurement and construction services. NBCC is involved in various infrastructure projects across India, contributing to the development of public sector infrastructure.