NBCC SIGNS MoU with its administrative ministry.

NBCC (India) Limited., a Navratna
CPSE under the Ministry of
Housing and Urban Affairs
(MOHUA), Govt. of India, has
signed Memorandum of
Understanding (MoU) for the FY
2019-20 with its administrative
Ministry today. The signed MoU
outlines performance targets for
the Company based on various
financial parameters, dynamic
parameters,
sector
specific
andenterprise specific parameters
Sales turnover of the company has
been fixed at Rs. 9,500 crore and
operating profit has been targeted
at 5% of revenue from operations
(net). Profit After Tax (PAT) has
been targeted as 27% of Average
Net Worth

The annual MoU has been signed
by Shri Durga Shanker Mishra, IAS,
Secretary (HUA), Govt. of India, on
behalf of the MoHUA and Shri Shiv
Das Meena, CMD, NBCC, on behalf
of NBCC. Senior Executives from
the Ministry and NBCC were also
present on the occasion.