New Delhi, India – In a major development, NBCC (India) Limited, a leading government-owned construction and infrastructure firm, has received a revised work order worth Rs. 102.97 crore (excluding GST) from the Lokpal of India. This marks a significant jump from its earlier contract valued at Rs. 25.38 crore, showcasing a more than 300% increase in project scope and value.
- Project Overview:
The upgraded contract falls under NBCC’s Project Management Consultancy (PMC) segment and includes comprehensive work on the Lokpal office premises at Vasant Kunj Institutional Area, New Delhi.
- Scope of Work:
The revised scope of the project includes:
- Structural repairs and retrofitting
- Interior fit-out works
- Upgradation of building infrastructure and essential services
These enhancements aim to modernize and improve the working environment of the Lokpal of India, the apex body for investigating corruption complaints against public servants.
- Strategic Significance for NBCC:
This contract reinforces NBCC’s strong foothold in executing key government infrastructure projects. The 300% increase in value highlights NBCC’s technical expertise and the trust placed in it by national institutions.
Additionally, this project is expected to positively impact NBCC’s order book and revenue visibility, as it aligns with the company’s core operational domain of providing project management consultancy to central government agencies.
- Financial & Regulatory Transparency:
In compliance with regulatory norms, NBCC disclosed this contract update to the stock exchanges. The official communication, signed by Company Secretary Deepti Gambhir, reflects the company’s commitment to transparency and sound corporate governance.
- About the Client: Lokpal of India
The Lokpal of India serves as the country’s independent anti-corruption ombudsman. The decision to upgrade its office infrastructure signals a broader push by the government to enhance efficiency and support integrity in governance through modern, secure, and functional institutional spaces.
