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MoneyWorks4Me

NBCC sells 5,000 flats of Amrapali for Rs 2,900 crore

27 Dec 2023 Evaluate

NBCC (India) has sold 5,000 units for Rs 2,900 crore across several residential projects of erstwhile Amrapali Group. As per the direction of the Supreme Court, Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE) was formed to complete the stuck projects of Amrapali through NBCC (India). With this, the company has completed the sale of over 80 per cent of the inventory available.

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) 70.55
Rites 196.95
Mold-Tek Tech 86.10
Dhruv ConsultancySer 19.15
Telge Projects 208.95
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