NBCC (India) Limited has secured a Project Management Consultancy (PMC) contract worth ₹179.37 crores from the Indian Institute of Management, Sambalpur. The contract involves providing PMC services for the Phase-II infrastructure development of IIM Sambalpur's permanent campus.

Contract Details

The awarded contract encompasses Project Management Consultancy (PMC) services for the Phase-II Infrastructure Development of the Permanent Campus of IIM Sambalpur. This domestic contract represents a substantial engagement in the educational infrastructure sector.

Project Scope and Significance

The contract involves comprehensive project management consultancy services for developing the permanent campus infrastructure of IIM Sambalpur. This Phase-II development represents a critical expansion of the institute's physical infrastructure, supporting its academic and administrative operations.

The project falls under NBCC's core competency area of providing end-to-end project management solutions for institutional and government projects. The company's expertise in managing large-scale infrastructure developments positions it well to execute this educational sector project.

Business Impact

NBCC has confirmed that this work order falls within the normal course of business operations. The contract adds significant value to NBCC's order book and reinforces its position in the educational infrastructure development segment.

This latest contract win demonstrates NBCC's continued success in securing substantial project management assignments from prestigious educational institutions, further strengthening its portfolio in the institutional infrastructure development sector.

Corporate Compliance

The contract award notification includes comprehensive details as required under regulatory guidelines. NBCC has confirmed that no promoter or group companies have any interest in the awarding entity, ensuring arm's length transaction principles are maintained.

NBCC's commitment to transparency is evident in its prompt disclosure of this material business development through proper regulatory channels and on the company's official website.

NBCC (India) Limited has announced securing a new contract valued at ₹180.00 crores, marking another significant business milestone for the public sector construction company.

Contract Details

The contract award represents a substantial addition to NBCC's project portfolio. The ₹180.00 crore contract demonstrates continued market confidence in the company's construction and project management capabilities.

Business Impact

This contract win strengthens NBCC's order book and reinforces its position in the construction sector. The award reflects the company's established track record in executing large-scale infrastructure and construction projects.

The contract addition is expected to contribute to NBCC's revenue pipeline and supports the company's ongoing business operations in the construction and project management space.

Company Profile

NBCC operates as a public sector enterprise specializing in construction, project management, and real estate development. The company has built a reputation for handling diverse construction projects across various sectors including residential, commercial, and infrastructure development.