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Monday, January 16, 2017

National Building Construction Company (NBCC) declares Bonus Issue

NBCC (India) Ltd has informed BSE that the Company has fixed February 21, 2017 as the Record Date for the purpose of Issue of ascertaining the eligibility of shareholders for issuance of 1 (One) Bonus Share of Rs. 2/- each on every existing 2 (Two) fully paid-up Equity Shares of Rs. 2/- each, subject to the approval of shareholders through postal ballot.

The record date for the issue would be Feb 21, 2017 and the company would go ex-bonus with effect from Feb 20, 2017. Earlier, NBCC had undergone a stock split in the month of Jun 2016, converting the face value of its equity shares from Rs.10/- to Rs.2/- per equity share

NBCC (India) Limited (formerly National Buildings Construction Corporation Limited), a Navratna organisation under category I, is a Central Public Sector Undertaking which trades publicly in the market and is largely owned by Government of India. It engages in the Real Estate Development & Construction business, and also provides Project Management Consultancy.

Headquartered in New Delhi, NBCC has 10 regional/zonal offices across India. The projects undertaken by the company are spread across 23 states and 1 Union Territory in India. In addition, NBCC has also undertaken overseas projects in countries like Iraq, Libya, Nepal, Mauritius, Turkey, Botswana, Republic of Maldives, Republic of Yemen et al.

NBCC is also designated as the implementing agency for executing projects under Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Pradhan Mantri Gram Sadak Yojna (PMGSY), Solid Waste Management (SWM) and developmental work in North Eastern Region.
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