NBCC inks MoU with Ministry of Housing & Urban Affairs
NBCC (India) Ltd, a Navratna CPSE, has signed a Memorandum of Understanding (MoU) for the FY 2026-27 on September 30, 2026 with its Administrative Ministry, MoHUA, outlining the performance targets of the Company for the FY 2026-27. The MoU has been signed by D Thara (IAS), Secretary (CD), Ministry of Housing and Urban Affairs, on behalf of the Ministry and by Dr KP Mahadevaswamy, Chairman and…
The National Building Construction Corporation (NBCC) Ltd. and the Ministry of Housing & Urban Affairs (MoHUA) have inked a Memorandum of Understanding (MoU) for the fiscal year 2026-27. This agreement, signed on September 30, 2026, outlines the performance targets for NBCC in the upcoming fiscal year. The MoU was signed by D Thara (IAS), Secretary (CD) of MoHUA, and Dr KP Mahadevaswamy, Chairman and Managing Director of NBCC. The signing event was attended by several senior officials from both organizations.
The MoU sets forth NBCC's performance targets for FY 2026-27, including financial and operational metrics. NBCC has previously earned an 'Excellent' rating from the Department of Public Enterprises (DPE) for its superior performance under the annual MoU for FY 2024-25. This accolade highlights NBCC's unwavering operational excellence, strong financial discipline, and leadership in executing infrastructure projects of national significance.
For FY 2026-27, NBCC has already demonstrated robust financial results and notable accomplishments in crucial physical parameters, building on its strong performance in the previous fiscal year.
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