NBCC Secures Work Orders Worth ₹448.74 Crores from GAIL, New India Assurance, and Income Tax Departm
Team FS
12/Nov/2024

Key Takeaways
- NBCC awarded contracts totaling ₹448.74 crores, involving interior, demolition, and construction projects across India.
- Major clients include GAIL (India) Limited, New India Assurance, and the Income Tax Department in Kanpur, UP.
- Projects cover interior fit-out work, comprehensive building design, and residential construction, showcasing NBCC's versatile expertise.
NBCC (India) Limited, a leading public sector construction and project management company, has recently secured significant work orders totaling ₹448.74 crore. The awarded projects are part of NBCC's ongoing expansion into various domains such as interior fit-out, demolition, comprehensive design engineering, and residential construction. These new contracts were awarded by prominent clients, namely GAIL (India) Limited, New India Assurance, and the Principal Chief Commissioner of Income Tax, U.P. (West) & Uttarakhand, Kanpur.
These contracts reflect NBCC’s robust presence in India's construction sector, catering to both government and corporate clients, with expertise across various forms of construction and engineering services. Below is a detailed breakdown of each project awarded:
1. Interior Fit-Out for GAIL (India) Limited
NBCC has been assigned the planning, designing, and execution of interior and fit-out works for GAIL (India) Limited. This project involves office space across the 4th, 5th, and 6th floors in Tower G, located at the World Trade Centre in Nauroji Nagar, New Delhi. The total value of this contract is approximately ₹50 crore.
This project highlights NBCC’s expertise in interior fit-outs and office space optimization, as GAIL entrusts NBCC with creating a modern and functional workspace. The World Trade Centre, Nauroji Nagar, is a high-profile business area, underscoring the importance of delivering top-quality interiors.
2. Demolition and Construction for New India Assurance
The second project involves the demolition, comprehensive design engineering, and construction of four buildings for New India Assurance. Located at Andheri (W) and Malad (W) in Mumbai, this project includes a full transformation of the spaces, requiring detailed planning, demolition, and redevelopment. The value of this work order is ₹136 crore.
NBCC will take on the entire process from demolition to furnishing, showcasing its capability in handling comprehensive building projects. This contract further cements NBCC's reputation as a trusted provider for large-scale corporate building transformations, especially in major urban centers like Mumbai.
3. Pratyaksha Kar Bhawan and Residential Complex for Income Tax Department
The most significant project in this series of contracts is the construction of Pratyaksha Kar Bhawan along with a residential complex in Kanpur, Uttar Pradesh. The complex will include Type-II, Type-III, and Type-IV quarters as well as an MSTU (Mobile Seva Training Unit) setup. Awarded by the Principal Chief Commissioner of Income Tax, U.P. (West) & Uttarakhand, Kanpur, this contract is valued at ₹262.74 crore.
This project will involve both office and residential spaces, reflecting NBCC's ability to deliver mixed-use developments that meet both administrative and residential needs. This contract underlines NBCC's standing as a reliable partner for the government sector, particularly in large-scale infrastructure projects.
Total Value of Contracts and Strategic Significance
The combined value of these work orders amounts to approximately ₹448.74 crore. These projects are a testament to NBCC’s versatility and capacity to handle diverse types of construction projects, from interior office fit-outs and corporate building reconstructions to residential and administrative complexes.
The awarded contracts align with NBCC's growth strategy, focusing on infrastructure development for both corporate clients and government agencies. By working with clients across various sectors, NBCC strengthens its reputation as a leader in India’s public sector construction industry.
Disclosure and Compliance
In line with its disclosure requirements, NBCC has notified the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) of these new projects. The announcement is also available on the company’s official website under the "Announcements and Notices" section, ensuring transparency and keeping stakeholders informed.
Conclusion
With these new contracts, NBCC (India) Limited continues to expand its footprint in the Indian construction and engineering landscape. The awarded projects from GAIL, New India Assurance, and the Income Tax Department are valued at a total of ₹448.74 crore and represent a mix of interior, demolition, and construction services. As NBCC takes on these challenging projects, it further solidifies its reputation as a trusted public sector enterprise capable of delivering high-quality infrastructure solutions across India.
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