New Delhi: National Buildings Construction Corporation (NBCC) is betting on the redevelopment of millions of square feet of vacant government property as it plans to grow its Rs 21,760 crore or $3.4 billion order book by 25 per cent a year to 2020.
That is roughly twice the rate of growth over the last few years, chairman and managing director, Anoop Kumar Mittal, told Reuters.
NBCC, 90 per cent owned by the government, builds and redevelops real estate and infrastructure. It is seen as a major beneficiary of the current government's spending push, making its stock top performer among India's state-owned firms.
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