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Ministry of External Affairs sanctions Rs 261.71 crore to NBCC for redevelopment project

04 Jul 2023 Evaluate

Ministry of External Affairs has sanctioned an amount of Rs 261.71 crore to NBCC for the Redevelopment of MEA Housing Complex (Old) at Kasturba Gandhi Marg, New Delhi.

Earlier, the company had signed Memorandum of Understanding (MoU) with Ministry of External Affairs for ‘Redevelopment of MEA Housing Complex (Old) at Kasturba Gandhi Marg, New Delhi’ for a tentative cost of Rs 175 crore (around).

NBCC (India) is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.


Peers
Company Name CMP
NBCC (India) 80.60
Rites 206.55
Mold-Tek Tech 199.05
Dhruv ConsultancySer 21.29
Telge Projects 216.00
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