NBCC (India) Ltd.

The Cabinet Committee on Economic Affairs has approved the disinvestment of 15% paid up equity of National Buildings Construction Corporation (NBCC) out of its 90% shareholding. The proposed divestment will result in estimated receipts of Rs 1,706 crore to the government. However, the actual realization amount will depend on market conditions and investor interest at the time of disinvestment. Further in order to inculcate a sense of belongingness amongst its employees, NBCC has also been decided to allot additional shares to the eligible and willing employees at a discount of 5% to the issue/discovered (lowest cut off) price of the OFS (offer for sale).

NBCC 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.