NBCC (India) Limited

What NBCC (India) Limited does

NBCC (India) Limited is a Government of India-owned Navratna Central Public Sector Enterprise founded in 1960 under the Ministry of Housing and Urban Affairs, headquartered in New Delhi. The company operates three market-focused segments: Project Management Consultancy (PMC), Engineering Procurement and Construction (EPC), and Real Estate Development. PMC is the dominant segment, contributing approximately 96% of standalone revenue (Rs 2,010 crore in Q3 FY26), involving end-to-end project execution covering feasibility studies, construction management, and project delivery across diverse sectors including government housing redevelopment, educational institutions, healthcare facilities, commercial construction, port infrastructure, and border security works. NBCC also earns a 1% marketing fee on property sales generated through its self-sustainable redevelopment model, where a portion of built-up area is sold to fund execution while the remainder is returned for government/staff use.

The company serves an overwhelmingly government and public sector client base, including central ministries, public sector banks (Canara Bank, Indian Overseas Bank, Central Bank of India), state universities, port authorities, CPSEs (SAIL, NLC India, Power Grid), and international governments such as Seychelles (a $75 million affordable housing project financed by India's EXIM Bank). Beyond India, NBCC has established a Dubai branch office and acquired land through wholly-owned subsidiary NBCC Overseas Real Estate LLC for mixed-use development. The company generates revenue through project management fees on government contracts, EPC execution (Rs 43 crore standalone revenue in Q3 FY26), and real estate monetization (e.g., Rs 2,857 crore Bharat Business Park e-auction). FY26 consolidated revenue was Rs 12,888.61 crore with net profit of Rs 720.03 crore, supported by an order book of Rs 1.3 lakh crore, and FY27 revenue is guided at approximately Rs 18,000 crore with PAT of about Rs 1,100 crore. NBCC holds a zero-debt, cash-rich balance sheet under an asset-light PMC business model, and has received Supreme Court authorization to complete 16 stalled Supertech residential projects affecting approximately 51,000 homebuyers.

Name

NBCC (India) Limited

Legal name

NBCC (India) Limited

Website

https://nbccindia.com

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

NBCC (India) Limited is a Government-owned Navratna CPSE under the Ministry of Housing and Urban Affairs providing Project Management Consultancy, EPC, and Real Estate services primarily to central government ministries, public sector banks, CPSEs, and state entities across India, with expanding international operations in Dubai and Seychelles.

Ownership category

akta.pro rank

Product category

Construction and Project Management Services

NAICS

Management of Companies and Enterprises (55111), Corporate, Subsidiary, and Regional Managing Offices (551114), Management of Companies and Enterprises (55)

SIC

General Industrial Machinery & Equipment, Nec (3569), Misc Industrial & Commercial Machinery & Equipment (3590), Construction Machinery & Equip (3531)

akta.pro primary industry

Infrastructure Planning, Capital Programs & Project Delivery Offices (PMOs) (BPAIALAJ)

akta.pro secondary industry

Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Project management consultancy
• Construction services
• Real estate development
• Engineering procurement construction
• Government infrastructure

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Project Management Consultancy (PMC): The dominant revenue stream contributing 96% of standalone revenue (Rs 2,010 crore in Q3 FY26). NBCC earns fees for managing construction projects for government clients, including feasibility studies, construction management, and project execution across diverse sectors including housing, education, healthcare, and infrastructure.
2. Real Estate Development: NBCC executes residential and commercial real estate projects, earning revenue through property sales and marketing fees. The company sold commercial space at Bharat Business Park for Rs 2,857 crore, earning 1% marketing fee. Also completed Amrapali flat sales for Rs 1,045 crore with 1% marketing fee.
3. EPC (Engineering Procurement and Construction): NBCC handles design engineering, equipment and material procurement, and construction execution for projects. Contributed Rs 43 crore to standalone revenue in Q3 FY26.
4. Stalled Project Completion: NBCC was authorized by the Supreme Court to complete 16 stalled Supertech residential projects, tasked with delivering approximately 38,000 flats to homebuyers. This reinforces NBCC's role as a government-backed execution agency for distressed real estate projects.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

NBCC operates as a government-owned construction and project management enterprise delivering services across three segments: Project Management Consultancy (PMC) for government and public sector clients, Engineering Procurement and Construction (EPC) contract execution, and Real Estate Development (commercial and residential). The company executes projects across diverse sectors including housing redevelopment, educational institutions, healthcare facilities, border infrastructure, commercial complexes, and international affordable housing under India's Line of Credit scheme.

Product overview

NBCC (India) Limited operates as a three-segment platform: Project Management Consultancy (PMC), Engineering Procurement and Construction (EPC), and Real Estate Development. PMC is the dominant segment contributing approximately 96% of standalone revenue, handling diverse sector projects and property redevelopment. EPC manages design engineering, procurement, and construction execution. The Real Estate segment, operational since 1988, handles commercial and residential development projects. The company also provides marketing services for property monetization, earning fees on sales transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Management Consultancy (PMC)

Quantifiable outcome

• Q4 FY26 consolidated net profit grew 37.22% to Rs 241.38 crore
• +4 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• DIPAM (Department of Investment and Public Asset Management)coreStrategic or Co-development Partner · 16 April 2026DIPAM conveyed 'No Objection' for merger of NBCC's wholly-owned subsidiary HSCC (India) Limited into NBCC (India) as the holding company. Merger intended to bring HSCC's healthcare infrastructure capabilities under NBCC's project management and execution framework, simplifying corporate structure by reducing administrative layers and centralizing decision-making. Further statutory approvals and shareholder clearances remain necessary.
• HUDCO (Housing and Urban Development Corporation Limited)coreStrategic or Co-development Partner · 11 April 2026HUDCO signed two MoUs with NBCC for redevelopment and asset monetization projects. First MoU covers redevelopment of approximately 18,830 sq mt leasehold plot at August Kranti Bhawan in New Delhi, including feasibility studies, construction management, and monetization of built-up space. Second MoU establishes HUDCO as funding partner for NBCC's self-sustainable model projects, with NBCC handling execution and consultancy services. Both agreements valid for two years subject to annual review.
• BCD Global (Dubai)minorImplementation/ SI/ Consulting PartnerBCD Global, a Dubai-based real estate developer, partnered with NBCC for project management consultancy services on their inaugural residential project in Dubai's Warsan district. NBCC will oversee quality monitoring, progress control, cost management, and payment reviews for the 62-unit development spanning over 113,231 square feet. The partnership combines BCD Global's enterprise background with NBCC's construction expertise.
• HSCC (India) Limited and Bharat Electronics Limited (BEL)coreStrategic or Co-development PartnerNBCC's wholly-owned subsidiary HSCC (India) signed MoU with Bharat Electronics (BEL) for strategic collaboration in healthcare manufacturing and service ecosystem. Collaboration covers manufacturing and supply of medical devices, healthcare IT and digital solutions, consultancy, project execution, joint procurement, and related advisory services. Project-specific agreements to be executed separately.
• Kamarajar Port LimitedminorImplementation/ SI/ Consulting PartnerKamarajar Port Limited signed MoU with NBCC for development of North Gate Complex and associated infrastructure at the port located on outskirts of Chennai. NBCC will undertake construction of complex building, connecting concrete roads, and supporting infrastructure to enhance entry/exit management and streamline port operations as part of port's infrastructure modernization program.

Scale indicators10 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• NCC Limited: NCC is one of India's largest listed construction and infrastructure EPC firms, with comparable diversified civil engineering and real estate exposure. Both companies compete for large government and PSU contracts and have similar order book dynamics.
• Engineers India Limited (EIL): EIL is a Navratna PSU consultancy offering PMC services to government clients in hydrocarbons and infrastructure. It shares the government-owned PMC/consultancy business model with NBCC and competes for similar engineering consultancy mandates.
• RITES Limited: RITES is a PSU consultancy under the Ministry of Railways offering project management, design, and supervision services. Both firms share the B2G PMC business model and compete for government infrastructure consultancy contracts.
• Dilip Buildcon: Dilip Buildcon focuses on road and urban infrastructure EPC for government clients under HAM/EPC models. While more roads-focused, it competes for the same pool of government capex and represents a relevant execution-scale comparable.
• Hindustan Construction Company (HCC): HCC executes large-scale infrastructure, hydro, and urban development projects with significant government client overlap. Both companies compete in transportation, urban infrastructure, and water/irrigation projects across India.
• Afcons Infrastructure: Afcons is a major Indian EPC contractor in marine, urban infrastructure, and tunneling. It overlaps with NBCC in government-led urban and infrastructure execution and is a relevant peer for large-project delivery benchmarking.
• Shapoorji Pallonji Group: Shapoorji Pallonji is a leading Indian construction and real estate group with significant government contract exposure. It competes with NBCC for large institutional and public-sector building projects and is one of the few private peers with comparable scale.

Broad incumbents

• Reliance Infrastructure: Reliance Infrastructure operates in roads, metro, and urban infrastructure EPC, often as a government counterparty. It is comparable as a large diversified EPC player competing for state and central infrastructure mandates.
• IRB Infrastructure Developers: IRB is a major toll-road and BOT infrastructure developer serving government concessions. While more focused on highways, it competes with NBCC for select urban infrastructure contracts and is a useful comparator for asset-light vs asset-heavy models.
• Larsen & Toubro (L&T): L&T is India's largest EPC conglomerate spanning buildings, infrastructure, defense, and heavy engineering. While far larger, it competes with NBCC on government-led buildings, urban development, and PMC mandates, and is the natural benchmark for execution quality.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/OfficialNBCC
• Facebookfacebook.com/OfficialNBCC

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NBCC (India) Limited