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Housing Minister suggests NBCC to explore overseas opportunities - Tollybeats

Housing Minister suggests NBCC to explore overseas opportunities

Updated | September 11, 2017 08:20 IST

The Housing and Urban Affairs Minister, Hardeep Singh Puri wanted the government owned the major construction company, NBCC to explore the overseas opportunities. And also advised the construction company to consider of getting listed in foreign stock markets.

NBCC, National Buildings Construction Corporation Ltd, is a government company under the Housing and Urban Affairs Ministry of the Indian government. The Central Minister who said that the construction sector is opened to FDI(Foreign Direct Investment) is wanted NBCC to think bigger and participate in the commercial bidding process and take up the projects of Indian missions in various countries.

NBCC is listed on both Bombay Stock Exchange(BSE) and National Stock Exchange of India(NSE). The Union Minister appreciated the NBCC for its quick growth and attained the work deal of about Rs.70,000 crore in last three years. 

After reviewing the company’s functioning, the impressed Minister suggested NBCC to enhance its international profile.

 

Keywords: NBCC, National Buildings Construction Corporation Limited, Hardeep Singh Puri, Housing and Urban Affairs Ministry

 

 

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