NBCC India Expands to Dubai with Rs 100,000 Crore Order Book

NBCC (India) Limited has announced the incorporation of NBCC Overseas Real Estate LLC in Dubai, UAE, with a nominal and paid-up capital of AED 10,00,000. The company, which has a significant order book of Rs 100,000 crore, is expanding its real estate and construction operations internationally.

ConstructionReal EstateNbccDubaiOrder BookReal Estate NewsMay 18, 2025

NBCC India Expands to Dubai with Rs 100,000 Crore Order Book

Real Estate News:NBCC (India) Limited, a prominent government-owned construction company, has announced the incorporation of NBCC Overseas Real Estate LLC as a wholly-owned subsidiary in Dubai Mainland, UAE. This newly formed entity has a nominal and paid-up capital of AED 10,00,000 and will focus on buying and selling real estate in Dubai. The incorporation, which makes NBCC Overseas Real Estate LLC a related party to NBCC (India) Limited, received reiteration of approval from the Department of Investment and Public Asset Management (DIPAM) on February 24, 2025, with RBI-ODI approval currently awaited. NBCC (India) Limited has acquired 100% of the equity share capital through a cash subscription at face value. Earlier, the company was awarded a significant renovation project valued at approximately Rs 95.66 crore (excluding GST) for the Sushma Swaraj Institute of Foreign Service in New Delhi. This work order, received from the Ministry of External Affairs, underscores NBCC's continued role in undertaking important infrastructure and renovation projects for government institutions. NBCC (India) Limited, a prominent government-owned construction company under India's Ministry of Housing and Urban Affairs, offers a comprehensive suite of services across three key segments. Their project management consultancy (PMC) arm tackles civil construction projects for various sectors including residential, commercial, healthcare, and educational institutions. Additionally, they specialise in engineering, procurement, and construction (EPC) for complex structures like high-rise chimneys and cooling towers. Finally, NBCC (India) Limited is a major player in real estate development, building residential townships, apartments, commercial office spaces, and shopping malls. According to the Quarterly Results, the net sales increased by 16.6 per cent to Rs 2,826.96 crore and the net profit increased by 25.4 per cent to Rs 142.43 crore in Q3FY25 over Q3FY24. In its nine-month results, the net sales increased by 16 per cent to Rs 7,429.84 crore and the net profit increased by 37 per cent to Rs 374.76 crore in 9MFY25 over 9MFY24. The company's order book as of December 31, 2024, stands at Rs 1,00,000 crore. As of March 2025, the President of India owns a 61.75 per cent stake and the Life Insurance Corporation of India (LIC) owns a 5.11 per cent stake in the company. The stock is up by 60 per cent from its 52-week low of Rs 70.82 per share. The expansion into Dubai marks a significant step for NBCC (India) Limited, leveraging its expertise in the real estate and construction sectors to tap into the growing market in the UAE. This move is expected to further enhance the company's international presence and diversify its revenue streams. With a robust order book and a strong financial performance, NBCC (India) Limited is well-positioned to capitalize on new opportunities and continue its growth trajectory. Disclaimer: The article is for informational purposes only and not investment advice.

Frequently Asked Questions

What is NBCC (India) Limited's new subsidiary in Dubai? A: NBCC (India) Limited has incorporated NBCC Overseas Real Estate LLC as a wholly-owned subsidiary in Dubai Mainland, UAE, with a nominal and paid-up capital of AED 10,00,000. Q: What is the focus of NBCC Overseas Real Estate LLC? A: NBCC Overseas Real Estate LLC will focus on buying and selling real estate in Dubai. Q: What is the current order book of NBCC (India) Limited? A: The company's order book as of December 31, 2024, stands at Rs 1,00,000 crore. Q: What significant project has NBCC (India) Limited been awarded recently? A: NBCC (India) Limited was awarded a significant renovation project valued at approximately Rs 95.66 crore (excluding GST) for the Sushma Swaraj Institute of Foreign Service in New Delhi. Q: What is the stock performance of NBCC (India) Limited? A: The stock is up by 60 per cent from its 52-week low of Rs 70.82 per share.

Answer not available

Tags:

Related News Articles

Real Estate Mumbai

Justice Served: Kanpur Jeweler Sentenced to Life Imprisonment for Brutal Murder of Mira Road Woman

A 60-year-old real estate agent was found dead in her apartment in Mira Road, Mumbai, with 12 stab wounds on her throat and stomach. The accused, a Kanpur-based jeweller, was convicted and sentenced to life imprisonment for the brutal murder.

June 13, 2024

Read Article

Real Estate

AAP's Raghav Chadha Slams Modi Govt Over Taxation Issues and Indexation

AAP's Raghav Chadha critiques Modi government's tax system, highlighting issues with indexation in the real estate industry.

August 9, 2024

Read Article

real estate news

India's Real Estate Market Set to Soar: $10 Trillion by 2047

Colliers-CREDAI report predicts 16% annual growth, driven by urbanization, infrastructure, and sustainability

September 25, 2024

Read Article

real estate news

Mercedes EQS 580 SUV: A Tech-Loaded Electric Vehicle with a 800km Range

Get an exclusive first look at the Mercedes EQS 580 SUV, a newly launched electric vehicle that promises a range of over 800km. Watch the video to know more about its features and specifications.

October 3, 2024

Read Article

Real Estate

Hyderabad: Man Held for Aiding Fraudsters in Rs 2.92 Crore Investment Scam

Cyberabad police nabs real-estate scammer...

November 4, 2024

Read Article

Real Estate Pune

Mumbai Property Registrations See 5% Uptick in November: Knight Frank

The real estate market in Mumbai has shown signs of recovery with a 5% increase in property registrations in November, according to a report by Knight Frank. This positive trend is expected to continue as more buyers enter the market.

November 30, 2024

Read Article