NBCC to launch power projects

NBCC to launch power projects

New Delhi: The National Building Construction Corporation (NBCC) said that it is planning to launch several power projects across the country.

“We are having discussions with several state electricity boards for joint venture power projects in the country," said Arup Roy Chouhury, chairman and managing director of NBCC.

“We are in the process of developing the 1000 MW power project in Chattisgarh and talks are in the final stage with concerned authorities," Choudhury said.

Besides Chhatisgarh, NBCC is having discussions with Karnataka and Jharkhand for setting up power projects in those states.

NBCC which has earned about Rs280 crores as net profit last year has actively diversified into real estate sector and already taken up projects in Delhi and Kolkata and also expected to spread its wings in the Middle East.

“Our aim is to deliver property at affordable prices to consumers," said Choudhury.

About the Delhi project, he said that the company’s plan is to construct affordable houses in the NCR zone in the near future.

Speaking on financial performances, the CMD said that the company with a total income of Rs2,025 crores has grown over 30% every year in the last seven years.