NBCC has dues of around Rs 1,668 crore towards vendors

State-run construction major NBCC (India) has dues of around Rs 1,668 crore towards its vendors, according to the Ministry of Housing and Urban Development. The disclosure comes at a time when the company is a top contender to takeover and complete major stalled projects, including Jaypee Infratech, and has the mandate to complete the stalled projects of Amrapali. In reply to a question in the Lok Sabha, Union Minister Hardeep Singh Puri quoted data provided by NBCC and mentioned that the amount of Rs 1,668 crore excludes the amount over which arbitration is underway. The Minister of State for Housing Ministry said that pendency is largely because of delay in receipt of funds by NBCC from its clients.