NBCC eyes more distressed assets in realty sector

NBCC
NBCC plans to acquire more distressed assets in the real estate sector, informed chairman Anoop Kumar Mittal. The company has already placed a bid for Jaypee Infratech to be resolved through the corporate insolvency process and is eyeing a few other projects and examining their commercial viability with no corporate governance issues. NBCC expects to have an order book of ₹95,000 crore as it has recently acquired another state-run firm Hospital Services Consultancy Corporation (HSCC) for ₹285 crore.