NBCC bags Rs 400 crore contract to reconstruct building in Mumbai

Construction major NBCC India on Wednesday said it has bagged Rs 400 crore contract to reconstruct Manora Aamdar Niwas building at Nariman Point in Mumbai. In a BSE filing, NBCC said that the Empowered Committee for reconstruction work of Manora Aamdar Niwas in its meeting dated September 12 decided that reconstruction work in the Nariman Point area be given to NBCC amounting to Rs 400 crore. NBCC would get project management consultancy (PMC) fee of 6.5 per cent, it added. NBCC, which is under the administrative control of the Ministry of Housing and Urban Affairs, is present in three main segments -- Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.