NBCC (India) Limited Expands Overseas with Rs 100,000 Crore Order Book in Dubai
NBCC (India) Limited has announced the incorporation of NBCC Overseas Real Estate LLC as a wholly-owned subsidiary in Dubai, UAE, with a nominal and paid-up capital of AED 10,00,000. The company, known for its significant infrastructure and renovation projects, has a robust order book of Rs 100,000 crore as of December 31, 2024.
NbccReal EstateDubaiInfrastructureOrder BookReal EstateMay 18, 2025
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. The Reserve Bank of India (RBI) Overseas Direct Investment (ODI) approval is 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 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 specialize 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.
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?
NBCC (India) Limited has incorporated NBCC Overseas Real Estate LLC as a wholly-owned subsidiary in Dubai Mainland, UAE. This entity has a nominal and paid-up capital of AED 10,00,000 and will focus on buying and selling real estate in Dubai.
What significant renovation project did NBCC (India) Limited recently receive?
NBCC (India) Limited was awarded a renovation project valued at approximately Rs 95.66 crore (excluding GST) for the Sushma Swaraj Institute of Foreign Service in New Delhi. This project was received from the Ministry of External Affairs.
What are the key segments of NBCC (India) Limited's business?
NBCC (India) Limited operates in three key segments: Project Management Consultancy (PMC), which handles civil construction projects; Engineering, Procurement, and Construction (EPC) for complex structures; and Real Estate Development, which includes building residential and commercial spaces.
What are the financial highlights of NBCC (India) Limited for Q3FY25?
In Q3FY25, NBCC (India) Limited reported a 16.6 per cent increase in net sales to Rs 2,826.96 crore and a 25.4 per cent increase in net profit to Rs 142.43 crore compared to Q3FY24.
What is the current size of NBCC (India) Limited's order book?
As of December 31, 2024, NBCC (India) Limited's order book stands at Rs 1,00,000 crore.
Related News Articles
RERA Cracks Down on Vatika Ltd, Imposes Rs 5 Crore Penalty for Non-Compliance
The Real Estate Regulatory Authority (RERA), Gurugram, has imposed a hefty fine of Rs 5 crore on Vatika Limited for violating Section 3 (1) of the Real Estate (Regulation and Development) Act 2016.
Govt set to restore indexation benefit for property, a relief to homeowners
Finance minister Nirmala Sitharaman to propose amendments to the Finance Bill 2024, offering tax relief to taxpayers and boosting the real estate industry.
Supreme Court Orders Sahara Group to Deposit Rs 1,000 Crore, Allows Joint Venture for Mumbai Land Development
The Supreme Court has directed Sahara Group to deposit Rs 1,000 crore in a separate escrow account within 15 days and allowed it to enter into a joint venture for developing its land at Versova in Mumbai.
Tragic Incident: 35-Year-Old Cricketer Collapses on Field During Match at Chhatrapati Sambhajinagar
A heart-wrenching incident unfolded during a local cricket match at Chhatrapati Sambhajinagar, where 35-year-old cricketer Imran Patel collapsed on the field and later passed away due to a cardiac arrest. The incident, captured on camera, has left the cri
CREDAI to Host Major Property Show in Thaltej, Ahmedabad
CREDAI, the Confederation of Real Estate Developers' Associations of India, is set to host a significant property show at the Ganesh Ground in Thaltej, Ahmedabad. This event aims to bring together leading real estate developers, buyers, and investors unde
CFO of NexPoint Diversified Real Estate Trust Makes a Significant Stock Purchase
The CFO of NexPoint Diversified Real Estate Trust has recently acquired $249,955 worth of company stock, signaling confidence in the company's future. With a market capitalization of $154 million and a revenue growth of 32% in the last twelve months, the company is showing strong potential.