Many orders in pipeline, expect them to materialise shortly: Pavan Kumar Gupta, NBCC

“Yes, many orders are in pipeline and we are expecting them to materialise shortly. One is the development of balance FAR in Amrapali that will be a very big order of the range of Rs 7000 to Rs 8000 crores in case it materialises shortly and another is redevelopment of land parcel of Kerala State Housing Board and that will be worth Rs 1500 crores,” says Pavan Kumar Gupta, CMD, NBCC

What is the current order book situation looking like right now?
Our total order book on a standalone basis is Rs 49,000 crores and roughly half of that is in PMC segment and little less than half in redevelopment sector and on consolidated basis our total order book is Rs 55,000 crores including our subsidiaries. This year we have already received the orders worth Rs 1250 crores in NBCC alone.Order inflow situation continues to be quite strong and given the fact that it is going to be an election year are you expecting more such orders in FY24, any sort of guidance that you can give us? What kind of order visibility do you have in terms of the pipeline?
Yes, many orders are in pipeline and we are expecting them to materialise shortly. One is the development of balance FAR in Amrapali that will be a very big order of the range of Rs 7000 to Rs 8000 crores in case it materialises shortly and another is redevelopment of land parcel of Kerala State Housing Board and that will be worth Rs 1500 crores.
Another order for development of police line campus in Gorakhpur is in advanced stage that will be Rs 500 crores. District mineral foundation at Jajpur, Odisha, will be Rs 300 crores approximately. So, these are the major orders that are in pipeline and internationally we have given the offer for three works that on PMC basis in Burundi Parliament and Ministerial work and construction of Chancery-cum-residential complex in Jeddah and construction of new Parliamentary building in Swaziland and we are on Zambia regarding construction of their social housing. So, these are the international orders which are expected.

Bulk of your orders are actually from PSUs or state governments. Is there other yields on such orders also in line with the standards in the private sector or is the yields are slightly on the lower side because you have to be super competitive or something like that?
No, the Amrapali project is virtually a private sector project because that was the stalled project, houses left over in between by Amrapali Group, otherwise majority of the orders are from the state government, central government and PSUs.

Can you talk to us about the revenue targets that you had envisaged for yourself? I believe it was around Rs 9000 crore mark and Rs 7500 crores in FY23. Is that number right?
Yes.

How are the execution of the redevelopment project happening at this point of time, all the redevelopment projects that you had in Delhi, etc?
Yes, redevelopment projects have taken a big leap. All the approvals in Sarojini Nagar and Netaji Nagar project including the cutting of trees have been obtained. Recently, in Supreme Court, there was a stay on removal of jhuggi in Sarojini Nagar. Supreme Court has vacated that stay and asked us to give some compensation to jhuggi dwellers, so that is also out. We have already floated two tenders worth Rs 2000 crores in Sarojini Nagar and we will be taking out two further tenders that will be around Rs 2400 crores in total in the month of June.