Closing The Gap

Having gained the trust of stakeholders for efficient PMC, coupled with a distinct method of working has helped bag multi-crore deals, says Dr Anoop Kumar Mittal, CMD, NBCC.

- Jayashree Kini Mendes

Few would have guessed that a central public sector enterprise bestowed with a Mini-Navrat-na status would go on to compete with large established private construction and infrastructure companies. Not only compete, but also successfully diversify its portfolio, secure business in overseas markets and partner strongly in the flagship programmes of the central government. Since establishment in 1960, this PSU has grown strongly and steadily and today has an order book that stands at Rs 80,000 crore, larger than any construction or infrastructure company! Notwithstanding the workload, Dr Anoop Kumar Mittal, chairman & managing director, NBCC, appears confident that the company should register a consistent CAGR growth of 30-40%. He is banking on completing the high value projects, besides taking forward its redevelopment model, while continuing its contribution to the infrastructure development of the country.

The consistent growth rate can also be attributed to the humble disposition of the company. There are no projects that the company does not take up. Today, Mittal strongly believes that there is no single entity in the country that is as multifaceted as NBCC. The lynchpin of its success is to maintain an overflowing order book and continue with a risk-free business model. Its strong track record of timely projects completion is making it the front runner to take over stalled projects. Maintaining transparency in its bidding process has only added to it trustworthiness. The firm ensures that there is little human intervention between its team and bidders, and bidding and payments too are made online.

Although mainly known for executing works as PMC, NBCC has also looked outside its portfolio and today has a strong base in real estate and EPC and created several subsidiaries while marching towards a refulgent future.