NBCC (National Buildings Construction Corporation) is on the radar on the back of the Jaypee Infra case being transferred from the National Company Law Appellate Tribunal (NCLAT) to the Supreme Court (SC).

The apex court is not happy with the delay in the execution of the approved resolution plan. Pawan Kumar Gupta, chairman, and MD of the company discussed this and the outlook for the rest of the year.

“Yesterday there was a hearing about Jaypee Infra case in SC. There were about 10-11 petitions pending in NCLAT against the resolution plan. All those have been transferred by SC to themselves and now it will be decided very quickly. Hopefully, the result will come out shortly and we can take over the company and start the work,” he said.

Speaking about business numbers, he added, “We have to pay to ICICI around Rs 120 crore but that will be in terms of land and we have to pay around Rs 100 crore to FD holders.”

On Rs 350 crore amount that the company has to give to the dissenting creditors, Gupta said, “To dissenting creditors, we are giving in terms of land, not in terms of cash.”

In terms of order inflow, he further mentioned, “Total running projects in foreign countries as of now is around Rs 1,200 crore. That includes the recently added work in Seychelles and work which is going on in Maldives, Mauritius. Overall it is not a very big percentage of the total but in the current year, we are expecting around Rs 400-500 crore from the foreign orders. This year we have got orders worth Rs 700 crore till now. The current order book is very strong close to Rs 70,000 crore.”

“We are going very strong with execution in the current year. Till now in the current year, we have awarded tenders worth Rs 2,800 crore. In another month, we hope to award tenders worth Rs 4,500 crore more. That will be a total of more than Rs 7,000 crore. During the whole year, we plan to award tenders worth more than Rs 10,000 crore. The revenue target for FY21 has been kept at Rs 6,500 crore on a standalone basis and Rs 9,500 crore on a consolidated basis,” he said.