News: As per media reports, NBCC has inked an MoU with the Ministry of External Affairs for redevelopment of the MEA Housing Complex (Old) at Kasturba Gandhi Marg. The cost of the project isRS 175 crore. Also, NBCC has signed another MoU with Aligarh Smart City for providing project management and consultancy (PMC) services for development & modernisation of infrastructure at Naurangilal College. The estimated cost of this project isRS 50 crore.
View: While its overall order book remains robust atRS 50,000+ crore and recent orders strengthens its order book further, a pick-up in execution and normalisation in margin remains key, going forward.
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