NBCC arm bags Rs 1,261 crore contract to build AIIMS hospital in Darbhanga

NBCC (India) Limited is a premier construction company in India, known for its expertise in the field of project management and consultancy services. The company has been involved in the construction of various iconic buildings and infrastructure projects across the country. With a strong focus on sustainability and innovation, NBCC has established itself as a leader in the construction industry. Its commitment to quality, safety, and timely delivery has earned it a reputation as a reliable partner for both government and private sector clients. As India continues to urbanize and modernize, NBCC is well-positioned to play a key role in shaping the future of the country’s built environment.

NBCC awarded with Rs. 1261 crore project:

A branch of the state-owned National Buildings Construction Corporation (NBCC) (India) Limited, formerly known as the All India Institute of Medical Sciences (AIIMS) Darbhanga in Bihar, has been given the contract to construct the facility. This news comes a few days after Union Health Minister JP Nadda declared that construction would soon begin.

To build Aiims in Darbhanga, 140 km northeast of the country’s capital Patna, NBCC’s HSCC has signed an agreement worth Rs 1,261 crore. The agreement’s details were disclosed by NBCC in a regulatory filing on Monday.

A total of 182 acres of land have been set aside for the AIIMS-Darbhanga project’s development. According to a press release, the Union Cabinet approved the Rs 1,264 crore budget for Aiims Darbhanga on September 15. The Center will provide all of the funding for the hospital. In addition to the hospital, the complex will have a residential complex, allied facilities and services, and a teaching block for medical and nursing courses.

Facilities and employment at the AIIMS hospital:

The proposed plan anticipates that the aforementioned establishment will have 750 beds. About 3000 people are anticipated to be employed by the institute in a variety of faculty and non-faculty roles.

The stock of NBCC (India) Ltd. is down marginally today:

The stock of NBCC (India) Ltd. is currently trading at Rs. 175.61 per share, and given the recent contracts they received for Rs. 1261 crore to construct the AIIMS hospital in Bihar, we can expect a positive move today.

Conclusion: After receiving final approval and being awarded the project worth Rs. 1261 crore, which was approved in 2020 for Rs. 1264 crore and is expected to be completed in 48 months, NBCC has taken responsibility for building AIIMS hospital within the allotted time frame and hopes to open it for public use soon.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.