Dear Members,
On behalf of the Board of Directors 62nd Annual Report on the business
and opera ons of NBCC (India) Limited along with Audited Financial Statements (Standalone
and Consolidated) for the financial year ended March 31, 2022 with the Auditors?
Report and Comments on the Accounts by the Comptroller and Auditor General (CAG) of India
thereon is hereby presented.
Financial Highlights
The financial highlights for the year under review are as follows:
|
FY 2021-22 |
|
FY 2020-21 |
|
REVENUE FROM OPERATION |
|
|
|
|
i. Value of Service |
7574.89 |
5464.63 |
6861.28 |
4883.24 |
ii. Other Opera ng Revenues |
115.71 |
81.99 |
92.13 |
64.21 |
Other Income |
193.96 |
187.58 |
180.29 |
172.63 |
Total Income (A) |
7884.56 |
5734.20 |
7133.70 |
5120.08 |
EXPENDITURE |
|
|
|
|
Land Cost & Material Consumed |
27.29 |
27.28 |
1.32 |
1.32 |
Change in Inventories of Real Estate Projects |
36.67 |
36.67 |
36.80 |
48.11 |
Work & Consultancy Expenses |
7013.58 |
5024.73 |
6343.19 |
4469.12 |
Employees Benefit Expenses |
309.58 |
235.82 |
308.97 |
238.31 |
Finance Cost |
5.68 |
5.65 |
6.62 |
6.60 |
Deprecia on and Amor sa on Expense |
4.57 |
1.72 |
5.57 |
2.31 |
Other Expenses |
80.44 |
52.47 |
113.39 |
88.11 |
Write o s |
19.09 |
13.32 |
25.38 |
21.75 |
Total Expenses (B) |
7496.90 |
5397.67 |
6841.23 |
4875.63 |
Share of Pro t/ (Loss) in Joint Ventures |
0.03 |
- |
(0.20) |
- |
(Net of Tax) |
|
|
|
|
Excep onal Items |
72.95 |
99.80 |
- |
- |
Pro t Before Tax (PBT) (A-B) |
314.74 |
236.73 |
292.27 |
244.45 |
Tax Expense |
|
|
|
|
i) Current Tax |
40.14 |
34.17 |
63.83 |
60.63 |
ii Deferred Tax |
38.26 |
21.18 |
8.62 |
1.83 |
iii Tax w.r.t. Earlier Years |
(1.59) |
(1.48) |
(20.28) |
(19.75) |
Pro t A er Tax (PAT) |
237.93 |
182.86 |
240.10 |
201.74 |
Earnings Per Share (Basic & Diluted) |
1.25 |
1.02 |
1.25 |
1.12 |
- on face value of Rs. 1 per equity share |
|
|
|
|
*Restated Refer Note No. 61 of consolidated financial statement
Further, during the year, there is no change in the nature of business
of the Company.
Opera ons and Business Performance
For the FY 2021-22, total income of your company was Rs. 5,734.20
crores (standalone) and Rs. 7,884.56 crores (consolidated) whereas profit a er tax was
182.86 crores (standalone) and 237.93 crores (consolidated).
MoU Performance (CPSE's Performance Agreement with Administra ve
Ministry & DPE)
NBCC has received nal ra ngs & achieved "Very Good" ra ng
For the FY 2020-21, from DPE based on the FY 2020-21 achievements.
For the FY 2021-22, DPE along with Administra ve Ministry have nalised
parameters based on consolidated Financial & Physical performance of the company. In
terms of financial performance, NBCC has achieved Rs. 7,690.61 Cr Consolidated Revenue
from Opera ons and achievement in physical parameters is given hereunder:
Consolidated Capacity li a on - Built up Area stands 15.90 Million Sq.
.
Consolidated Revenue from Overseas stands Rs. 273.33 Cr.
Reserves
The Company did not transfer any amounts to its general reserve during
the financial year ended March 31, 2022.
Dividend
Your Directors have recommended a nal dividend of Rs. 0.50/- per
paid-up equity share of face value of Rs. 1/- each (i.e. @50%) for the financial year
2021-22, subject to the approval of the Members at the ensuing Annual General Mee ng.
Dividend has been recommended considering the Dividend Distribu on Policy of the Company
and considering the deployment of the NBCC's internal accruals for growth plans of the
Company.
Material Changes and Commitments a ec ng financial posi on between the
end of the financial year and date of Report
There have been no material changes and commitments, which affects the
financial posi on of the Company, that have occurred between the end of the financial year
to which the financial statements relates and the date of the report.
The Board of Directors of the Company has decided, in the Board Mee ng
held on July 14, 2022, to withdraw the undergoing applica on of scheme of merger of NBCC
Interna onal Limited (NIL) and NBCC Environment Engineering Limited (NEEL), wholly owned
subsidiaries with NBCC (India) Limited, Holding Company and further decided to close both
the wholly owned subsidiary companies i.e. NIL and NEEL through voluntary winding-up.
Further, the Ministry of Corporate a airs vide its le er dated August 04, 2022 has closed
the first mo on applica on for approval of scheme of merger led with MCA.
With respect to "NBCC Green View Apartment" at Sector 37D,
Gurugram, the Company has decided to se le with all the home buyers/allo ees by way of
buy-back of their ats/units and to do all such acts, deeds and things, necessary,
incidental & ancillary to give effect to the same. At NBCC, the concerns of the home
buyers/ customers is the top most priority and Company always endeavors to serve best in
their interest.
Disinvestment by Government of India
There was not any disinvestment by the Government of India (GOI) in the
company during the FY 2021-22.
The GOI's holding as on March 31, 2022 was 111,15,79,093 equity shares
i.e. 61.75% of total paid up equity share capital of the Company.
Awards Conferred During the Year 2021-22
NBCC con nued on the path of excellence and innova on, achieving
several accolades and awards during the years follows:
Rajbhasha ir Puraskar: NBCC conferred with the pres gious
"Rajbhasha Kir Puraskar" by the Hon'ble President of India for its excellent
performance in the eld of o cial language implementa on in September 2021.
Best PSU Award in Na on Building Category: NBCC was awarded with
"Best PSU Award in Na on Building category" at the Governance Now 8th PSU Award
ceremony held virtually on July 29, 2021. Dr. Kiran Bedi, Former Governor of Pondicherry
presented the Award that was received by Shri PK Gupta, CMD, NBCC on behalf of the
Company.
"CEO of The Year" award: Sh. PK Gupta, CMD, NBCC has been
conferred with the pres gious "CEO of The Year" award at the 11th edi on of
World Leadership Congress held in Mumbai on March 24, 2022 for his immense contribu ons
towards na on s infrastructure building and outstanding leadership.
NBCC bagged two more coveted awards under the categories "Social
Media Campaign on COVID-19" for its social media posts crea ng awareness for the
general masses during the pandemic and "COVID-19 Relief Project" for its
excellent work towards COVID-19 Vaccina on Program at Leh. The recogni on has been
bestowed by World HRD Congress, in a gli ering award ceremony held in Mumbai.
Great place to work award: During the FY 2021-2022 renowned
great place to work ins tute has cer ed and included NBCC in the dis nguished list of
companies iden ed as "Great Place to Work".
Fixed Deposits
During the FY 2021-22, your Company has not accepted any deposit and no
principal or interest was outstanding as on March 31, 2022.
Loan, Guarantees and Investments
Details of Loan, Guarantees and Investments, as required under sec on
186 of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015, have been given in the
notes to the financial statements forming part of this Annual Report.
Subsidiaries, Joint Ventures and Associate Companies
During the FY 2021-22, the Company had total eight (8) subsidiaries in
which six (6) are wholly owned subsidiaries (100%) namely; NBCC Services Limited (NSL),
NBCC Engineering & Consultancy Limited (NECL), NBCC Interna onal Limited (NIL), NBCC
Environment Engineering Limited (NEEL), HSCC (India) Limited (HSCC) and one (1) foreign
subsidiary i.e. NBCC DWC-LLC. The two other subsidiaries are Hindustan Steelworks Construc
on Limited (51%) and NBCC Gulf LLC, Oman where NBCC held 70% equity.
Your Company also has joint-ventures as follow:
Real Estate Development and Construc on Corpora on of Rajasthan Ltd (a
JV with the Government of Rajasthan where both the parties hold 50% of the issued share
capital)
NBCC-MHG (JV)- where both the parties i.e. NBCC and Mahavir Hanuman
Group (MHG) hold 50% share in profit & Loss
NBCC- AB (JV)- where both the parties i.e. NBCC and Anisha Builders
Private Limited hold 50% share in profit & Loss
NBCC- RK Milan- where both the parties i.e. NBCC and RK Millen hold 50%
share in profit & Loss
Details of companies which have become or ceased to be its
Subsidiaries, joint ventures or associate companies of NBCC during the year is given
hereunder:
Details of The Company that has become a subsidiary during
the FY 2021-22 |
Nil |
Details of The Company that has become a Joint-Venture/
Associate during the FY 2021-22 |
Nil |
Details of The Company that has Ceased to be a subsidiary
during the FY 2021-22 |
One i.e. NBCC Gulf LLC |
|
(w.e.f June 20, 2021) |
Details of The Company that has Ceased to be a Joint-Venture/
Associate during the FY 2021-22 |
Nil |
In case of NECL, the liquidator has wound-up the a airs of the Company
through Voluntary winding-up under IBC 2016 and led a nal applica on before Hon'ble NCLT
for dissolu on of the Company during the FY 2021-22. The order of Hon'ble NCLT for dissolu
on of the Company is awaited.
NBCC Gulf LLC, Oman has been liquidated and the registra on of the
Company has been cancelled w.e.f June 20, 2021.
The merger of NBCC Environment Engineering Limited (NEEL) and NBCC
Interna onal Limited (NIL) with the NBCC (India) Limited (Holding Company) was undergoing
before Ministry of Corporate A airs ((Approving Authority for merger of Government
Companies). However, the Board of Directors of NBCC and NEEL & NIL have approved the
withdrawal of the Scheme of undergoing Merger and decided to close both the Wholly Owned
Subsidiary Companies through Voluntary Winding-Up. Further, the Ministry of Corporate A
airs (MCA) vide its le er dated August 4, 2022 has informed NBCC that the first mo on
applica on for approval of scheme of merger led with MCA has been treated as closed.
NBCC has won arbitra on award in respect of disputes with JV partner
i.e. NBCC R K Milan. The award is par ally realised and the amount of investment in JV has
been adjusted against it in the year 2019-20. The dissolu on of the defunct partnership
would be pursued a er receiving award amount in full.
The Company has formulated a policy on iden ca on of material
subsidiaries as per the SEBI (LODR) Regulations, 2015 and the same is placed on the
website of the Company at h ps://www.nbccindia.com/webEnglish/policies.
A statement containing the financial performance and salient features
of financial statements of the Company?s subsidiaries in Form AOC-1 in terms of the
provisions of Sec on 129(3) of the Act, is provided in note No. 54 in consolidated
financial Statement.
Further, pursuant to the provisions of Sec on 136 of the Act, the
financial statements of the Company, consolidated financial statements along with relevant
documents and separate audited financial statements in respect of subsidiaries, are
available on the website of the Company h p www.nbccindia.in
Company Response to Covid-19
During the FY 2021-22, in view of the various guidelines issued in
India by the Central and State Governments on the Covid-19 pandemic, your Company
immediately took several measures to ensure health and safety of its workers and other
employees and therea er, steps were taken to ensure business con nuity of essen al
services and projects development. The Company, in ght against COVID-19-pendamic, has
installed 2 oxygen genera on plants and two diesel genera on plants at Siddarathnagar
(UP). The Company has also made procurement of 12 oxygen concentra on as CSR ini a ves.
Human Resource Development
The strong, dedicated and highly mo vated Human Resources Management
Team of NBCC performed their duties efficiently, despite the challenges posed by the
COVID-19 pandemic. NBCC takes pride in its resilient workforce, which has contributed its
best to bring the Company to its present heights. Employees are the driving force behind
the sustained stellar performance of the Company over all these years of the Company's
ascendancy. As a commitment towards our Company's core values, employees' par cipa on in
Management was made e ec ve based on mutual respect, trust, and a feeling of being a
progressive partner in growth and success.
The Company has maintained cordial industrial rela ons with all the
Unions & Associa ons during these years and con nued to provide comprehensive welfare
facili es to its employees to take care of their health, efficiency, economic be erment,
social well being etc. which has mo vated employees to perform with their best efforts at
the workplace.
During the COVID-19 pandemic, the HRM Team has played the key role of
Covid Warriors and the runners to drive the ini a ves taken by the organisa on. They were
able to do this by arranging & providing food packets to needy people, facilita ng
Covid-19 Vaccina on to their employees & their dependants, arranging hospitalisa on,
oxygen concentrators, and medicines for their employees & their dependants. Company
has also provided financial assistance to its employees in mes of extreme distress by way
of "NBCC Family Financial Assistance Scheme".
NBCC has in place well defined employee centric Human Resource Policies
covering all aspects of the employee lifecycle. The policies have been formulated under
the broad ambit of DPE guidelines for compliance along with adequate customiza on for the
Company. The Company uses employee surveys in order to take data driven decisions with
regards to modi ca on, revision and introduc on of new policies regularly. These efforts
have also helped the Company to maintain its standing of being declared a Great Place to
Work for the third consecu ve year along with being cer ed as the "Best In Industry:
Construc on & Infrastructure" and "India's Best Employer Among Na on
Builders 2022" by the GPTW Ins tute.
Category wise details on recruitment of General/OBC/SC/ST categories:-
Sl. No. Group |
General (No.) |
OBC (No.) |
EWS (No.) |
(No.) |
SC % |
(No.) |
ST % |
Total |
1. A |
22 |
11 |
05 |
08 |
16% |
04 |
8% |
50 |
2. B |
01 |
- |
- |
- |
- |
- |
- |
01 |
3. C |
02 |
- |
- |
- |
- |
- |
- |
02 |
Total |
25 |
11 |
05 |
08 |
- |
04 |
- |
53 |
NBCC is compliant with Government of India direc ves on all ma ers
related to reserva on for SC/ST/OBC/Ex-Servicemen/ Physically disabled Candidates in all
recruitment drives.
Addi onally, the Company has cons tuted SC/ST, OBC, PwD Cell which is
led by a senior o cer along with a dedicated liaison o cer who ensures that jus ce is
delivered to employees from the reserve category. The Company has also cons tuted the
Internal Grievance Redressal Commi ee (IGRC) for employees belonging to the Scheduled
Castes.
To ensure harmonious rela ons, various meetings are organized by the
Company with SC/ST Employees Welfare Associa ons to amicably resolve any issues that may
arise. Further, during F.Y. 2021-22, the company had organised recruitment drives to ll
the backlog vacancies. Details of same are given below
S.No. Name of the Post |
No. of Vacancies |
Vacancies Reserved for |
1 Dy. General Manager (Engg.) Civil |
1 |
ST |
2 Sr. Stenographer |
1 |
OBC (NCL) |
3 O ce Assistant (Stenographer) |
3 |
OBC (NCL) |
4 Project Manager (Civil) |
1 |
PwD-HH |
Total |
6 |
|
No. of regular employees /NMR/PRW/WE Employees as on March 31, 2022
S. No Par culars |
Numbers |
1. No. of regular |
1367 |
2. No. of NMR (Non Master Roll) |
NIL |
3. No. of WE/PRW (Work Establishment/Piece Rated Worker) |
NIL |
Working status of Women Employees in the Company (category wise) during
the FY 2021-22:
General |
OBC |
SC |
ST |
PWD |
Total |
66 |
19 |
21 |
7 |
2 |
115 |
Discipline and Category wise manpower during the year FY 2021-22
Category |
Engineer (C/E/M/ PHE/ ARCH/
SYS/ ENG/PLNG |
OTH ER |
FINANCE (Including Inv. Rela
ons) |
HRM (RB/LAW/B OARD/CC/P
ROTOCOL) |
MARK ETING |
MATERI AL MANAG EMENT |
TECHNICAL (OTHER THAN ENGG.)
i.e. DPM/ SPE/PE/ASM/JS E/JE I/JE II |
SECRETE RIATS |
OPERA TIVE LEVEL |
TOTAL |
BOARD |
2 |
|
1 |
- |
- |
- |
- |
- |
- |
3 |
LEVEL |
|
|
|
|
|
|
|
|
|
|
CVO |
- |
1 |
- |
- |
- |
- |
- |
- |
- |
1 |
A |
527 |
- |
134 |
90 |
8 |
4 |
13 |
9 |
- |
785 |
B |
80 |
- |
- |
15 |
- |
- |
9 |
- |
- |
104 |
C (I) |
28 |
- |
- |
- |
- |
- |
- |
- |
- |
28 |
(ii) |
- |
- |
- |
7 |
- |
- |
- |
2 |
- |
9 |
(iii) |
- |
- |
- |
- |
- |
- |
- |
- |
437 |
437 |
TOTAL |
637 |
1 |
135 |
112 |
8 |
4 |
22 |
11 |
437 |
1367 |
Training
Human Resource Development is the prime importance for any Organiza on
to achieve the Organiza on Goal. Keeping in view the present innova ve & challenging
market, this Division has arranged need based In-House Training Programs / Technical
Workshops to make our o cials / employees aware of latest trends / techniques &
changes taking place in their respec ve elds and to enhance their knowledge so that they
work with more poten al & zeal to achieve the Organiza onal goal.
Discipline-wise details of O cials / Employees imparted training during
2021-22 is as under:
Total mandays achieved 4125.5 for Group A & B employees during the
FY 2021-22.
Industrial Rela ons
During the year 2021-22 In order to maintain cordial IR environment,
the structured meeting were arranged quarterly with representa ve of all Unions. Minutes
of the meeting issued along with ac on taken report to all func onal unions. This helps in
se lement of grievances which promotes harmonious industrial rela ons.
Safeguard of Women at Workplace
The Company has in place a Policy on Preven on, Prohibi on and
Redressal of Sexual Harassment of Women at Workplace in line with the requirements of the
Sexual Harassment of Women at the Workplace (Preven on, Prohibi on & Redressal) Act,
2013.
The Company has complied with provisions rela ng to the cons tu on of
internal complaints committee under the Sexual Harassment of Women at Workplace (Preven
on, Prohibi on and Redressal) Act, 2013. The Internal Commi ee has been cons tuted
to redress complaints received regarding sexual harassment. The committee func ons in
accordance with the model code of conduct developed by National Commission for woman/
Ministry of Woman and Child Development. The committee spread awareness amongst the
employees regarding Zero Tolerance? for sexual harassment at work place. The
committee also inves gates reported cases of sexual harassment. All employees (permanent,
contractual, temporary, trainees) are covered under this policy. The Company has been
employing 115 women employees in various cadres at the Project and officepremises. There
were NIL cases led during the financial year ended 31st March, 2022.
Management Discussion and Analysis Report
The Management Discussion and Analysis Report as required under
Regulation 34 read with Schedule V to the Lis ng Regulations with the stock exchanges
forms part of this Report as Annexure - I.
Directors' Responsibility Statement
Your Directors con rm that: a. In the prepara on of annual accounts
for the financial year ended March 31, 2022, the applicable Indian Accoun ng Standards,
along with proper explana on to material departure; have been followed; b. The directors
had selected such accoun ng policies and applied them consistently and made judgments and
es mates that are reasonable and prudent so as to give a true and fair view of the state
of a airs of the Company at the end of the financial year and of the profit and loss of
the Company for the period ; c. The directors have taken proper and sufficient care for
the maintenance of adequate accoun ng records in accordance with the provisions of the Act
for safeguarding the assets of the Company and for preven ng and detec ng fraud and other
irregulari es; d. The directors have prepared the annual accounts on a going concern
basis;
e. The directors have laid down internal financial controls to be
followed by the Company and that such internal financial controls are adequate and are
opera ng e ec vely and; f. The directors have devised proper system to ensure compliance
with the provisions of all applicable laws and that such systems are adequate and opera ng
e ec vely.
Corporate Governance Report
The Company complies with the SEBI (Lis ng Obliga ons and Disclosure
Requirements) Regulations, 2015 and guidelines issued by DPE on Corporate governance.
The requisite certificate from the Statutory Auditors of the Company,
Dhawan & Co., Chartered Accountants, confirming compliance with the condi ons of
corporate governance as s pulated under the aforesaid Lis ng Regulations is a ached to
Corporate Governance Report. The Corporate Governance Report for the year ended March 31,
2022 forms part of this report as
Annexure- II.
Contracts and Arrangements with Related Par es
During the year under review, the Company had not entered into any
contract/arrangement/transac on with related parties, which could be considered material
in accordance with the policy of the company on materiality of related party transac on.
The policy on materiality of related party transac ons is available on the Company?s
website, at the link h ps //nbccindia.com/webEnglish/policies.
The remunera on paid to Key Managerial Personnel (KMPs) is disclosed in
the financial statement of the Company. The related party transac ons referred in sec on
188 of the Companies Act, 2013 in Form AOC-2 and enclosed as Annexure III.
Quality Assurance/Quality Control Manual
During the FY 2021-22 your company has a dedicated Technical and
Quality Audit? wing in place, which controls over conduc ng Technical Audit and
ensuring Quality Assurance & Quality Control at the projects. NBCC through its
Technical and Quality audit Division? conducts the Technical audit and Quality
audit of all projects on Pan India basis through a checklist to ensure the QA/QC is being
followed at project sites. Apart from carrying out the rou ne audits, the special audits
of certain projects are also carried out by the Technical Audit team as and when directed
by the competent authority.
NBCC also has Quality Management System (QMS). Quality Assurance (QA)
and Quality Control (QC) both are part of Quality Management System (QMS) wherein QA
focuses on preven ng the defects while QC focuses on iden fying a defect and rec ca on
thereof.
Hence the QA/QC plays a vital role in the eld of construc on. NBCC (I)
Ltd., being India?s one of the biggest organiza ons in the Construc on eld, is
devoted itself towards QA/QC in the areas of its opera ons.
Interna onal Organiza on for Standardiza on (ISO):
Your Company is a cer ed organisa on with Interna onal Organiza on for
Standardiza on (ISO), having licence issued by BIS. NBCC has Quality Management System
(QMS) comprising Quality Policy & Quality Objec ves.
NBCC through its ISO Cell conducts the ISO internal Audit of all
project sites earmarked in ISO and all service divisions viz RBGs/SBGs/Zones/Units/HOD-HO
at a interval of 6 months and 1 year respec vely through a checklist as per ISO manual to
ensure that the Quality Policy and Quality Objec ve established by the company in its QMS
are being followed properly.
SAFETY:
Your Company is commi ed towards Safety and Health to all its employees
and the people associated with the construc on activities. The company is con nuously
striving to implement safe prac ces/measures to ensure the goal of achieving Zero harm at
its work places. NBCC has Safety Management? wing to implement safety policy at
the project sites. As per Safety policy, the projects with value of Rs 50.00 Crores and
above are monitored by safety consultants deployed through construc on contracts.
INFORMATION TECHNOLOGY (IT) DIVISION
With the Aim of Digital NBCC, Management envisaged the concept of
"Paper Less O ce" towards crea ng employee?s friendly environment. We took
ini a ves, and implemented various IT activities in our organiza on to make more
efficient, seamless, transparent work environment, and to take a leap towards DIGITAL
NBCC. IT Division is providing IT services/ support on PAN India basis to NBCC and 3
subsidiaries namely HSCL, HSCC, NSL. In-house development of various applica ons and
portals resulted in lot of saving of the corpora on.
During the lockdown period IT Division has provided full access to each
and every user without any addi onal financial implica on and using same resources.
Following are the major jobs performed by IT Division:
Improvisa on Implementa on in ERP |
NBCC Re-organised exis ng ERP module wise with Authoriza on
and updated exis ng view with new good looking responsive UI. |
|
Implementa on of Authoriza on Module with makers and checkers
concept. |
|
Employee Transfer and Regulariza on from window to web. |
|
Salary module from Windows to web. |
|
Linking of e-billing with Service bill. |
|
Interface for issuing Canteen Coupon through ERP. |
|
Provided remote access of computers to various Dep users
(HRM/ PMG /CPG) through VPN connec vity to Work from Home. |
|
Set up of ERP online helpdesk to support on various ERP
related issues in mely manner. |
|
Automa c pull of Biometric Attendancedata in ERP from
Biometric machine so ware (for HO &Allied o ces) Collec on of Data on Covid-19 through
ERP |
|
HSCL Implementa on of following module in HSCL ERP: |
|
Salary. |
|
Leave |
|
Property Return. |
e-O ce |
Expansion of e-O ce users from 400 users to 1000 users across
PAN India. |
|
Setup of e-O ce in HSCL &NSL. |
|
E-o ce training provided to approx. 600 users in 25 batches
through video conferencing across PAN |
|
India. |
|
Set up of e-O ce support helpdesk for guidance/ mely
technical support. |
|
Upgrada on of e-O ce version to 5.6_03. |
Cloud &Portals |
Development of Web based Exam Portal for NBCC employees. |
|
Migra on of Real Estate CRM Portal from Desktop to Virtual
Server at Data Centre. |
|
Development of Training portal. |
|
Development of recruitment portal. |
Website |
Development, Hos ng and Maintenance of NBCC and HSCL Website. |
|
Implementa on of PayU payment gateway in the recruitment
Portal. |
DMS |
Provided Document Management System access to various
employees as required for downloading the documents |
Video |
Implementa on of Microso Team Video Conferencing System(VC) |
Conferencing |
Provided training and guidelines to Management &other
employees on VC usage. |
|
Conducted about more than 200 Video conferencing meetings
session. |
|
DPC interviews have been conducted using video conferencing
system. |
|
Facili es provided to NBCC o cers for a ending video
conferencing session through ERP |
|
Assisted management to set up the VC meetings to address
employees across PAN India. Provided mely technical support to connect the par cipant in
the meeting. |
|
Providing support to management for conduc ng online
interviews for various posts. |
Improvisa on in Data Centre and DR Site |
Implementa on of secure Cisco VPN in the rewall to achieve
smooth func oning of work from home. |
|
Regular Installa on/ upda on of server security patches. |
|
Monitoring the server security and performance on daily
basis. |
|
DR Site monitoring and maintenance Storage So ware upgrada
on. |
Email |
Timely Technical support to email users for smooth communica
on on PAN India. |
|
Integrated email with e-o ce to save me. |
Infra |
Provided Laptops to various employees for work from home. |
Dividend Distribu on Policy
As per Regulation 43A of the SEBI (Lis ng Obliga ons and Disclosure
Requirements) Regulations 2015, the top 500 listed companies shall formulate a dividend
distribu on policy. Accordingly, the policy was adopted to set out the parameters and
circumstances that will be taken into account by the Board while determining the distribu
on of dividend to its shareholders and/or retaining profits earned by the Company, The
policy is available on the Company?s website at h
p://www.nbccindia.com/webEnglish/policies.
Corporate Social Responsibility Commi ee (CSR) & Sustainability
Development
The company has Corporate Social Responsibility (CSR) committee in
compliance with provisions of Sec on 135 of the Companies Act, 2013 and the Companies
(Corporate Social Responsibility Policy) Rules, 2014 and the Company has in place a CSR
policy in line with Schedule VII of the Companies Act, 2013. The details of CSR policy,
projects and programmes are available on the Company?s website, at the link h
p://www.nbccindia.com/webEnglish/policies.
During the FY 2021-22 your Company spent Rs. 255.53 lakh in CSR
activities.
The Company also has a Sustainability Policy to ensure healthy
well-being of its stakeholders and protec ng the environment. The policy guidelines are
integral to the way the Company conducts its construc on as well as other business opera
ons. NBCC is commi ed to ensure that it meets its business goals without compromising on
the aspira ons of the present and future genera ons. The Annual Report on CSR activities
forms part to this Annual Report as Annexure-IV.
Compliance of DPE Guidelines and Policies
During the FY 2021-22 your Company has complied with the guidelines and
policies issued by Department of Public Enterprises from me to me.
MSME Implementa on
Your Company is complying with the mandatory public procurement policy
2012, no ed by Ministry of Micro, Small and Medium Enterprises (MSME), Govt of India,
under which CPSE is mandated to procure 25 % from MSME of total procurement and out of
25%, 4 % to be procured from MSME SC/ST vendor.
The details of procurement for the FY 2021-22 are as follows:
a) Procurement of Goods & Services through MSME - Rs. 0.84 cores
b) Procurement of Goods & Services through SC/ST MSME - Rs. 0.04
crores
c) Procurement of Goods & Services through Women MSME - Rs. 0.01
crores
It is also per nent to men on here that No payment is outstanding to
any MSME for the FY 2021-22.
Risk Management
NBCC recognizes that it is exposed to a number of uncertain es, which
are inherent for the construc on and Real Estate sectors that it operates in. The vola
lity of these sectors exposes the business to various external and internal risks which
may affect its financial and non- financial results. NBCC has a Risk Management Policy to
help itself mi gate the risks and manage risks in day-to-day opera ons to achieve those
objec ves. NBCC has 3 er repor ng structure for risk management as given hereunder:
1. At top level, the Company has Risk Management Commi ee, which
comprises of func onal Directors and Independent Directors.
2. At middle level, the Company has Risk Assessment Commi ee, who has
HOD's of BD, Finance & RE and RBG/SBG Heads of the 4 ver cals in which NBCC is opera
ng as Members and Execu ve Director (PMG) as Chief Risk Officer.
3. At lower level, the Company has Risk Co-ordinators, which comprises
of all RBG/SBG Heads.
Development & Implementa on of Risk Management Framework
Risk management policy for NBCC was formulated in the year 2011 which
was reviewed and updated in 2015 wherein the Principles, framework and processes were
updated to incorporate regulatory requirements and changing business landscape. The
Company review the policy periodically based on changes in the business environment,
regula ons, standards and best Prac ces in the industry.
At the Recommenda on of Audit Commi ee, The Company is under process of
preparing an in-house risk management framework for e ec ve implementa on of Risk
Management Policy in line with ISO 31000:2018.
Risks, Threats and Concerns: The challenges for the company are to
sustain the growth trajectory.
a. The crisis arising out of COVID-19 pandemic: There has been
disrup on in the progress of works at all ongoing sites subsequent to na onwide lockdown
from 23.03.2020. However, subsequent to par al easing of restric ons works have been
resumed in sites with available labour at site except in those States where restric ons
con nued due to increase in Covid-19 cases, so also in containment zones. With the easing
of restric ons by Govt; the problem was compounded with migrant labour leaving for na ve
states and remobilizing of labour remains a big issue The risks arising out of the
pandemic includes disrup on of supply chain for various materials/non-availability of
labour a ec ng progress of works at sites.
b. Project Execu on and Management: Inability to ensure seamless
and mely execu on of projects within the defined budget leads to li ga on with client and
contractors, resul ng in reduced pro tability and opera ng margin of the project. Any
failure to adhere to agreed melines adversely affect the reputa on of the Company.
c. Real Estate (Unsold Inventory/ Unused Land Parcels): Presently
there is substan al unsold inventory and unused land parcels in NBCC Real Estate posing a
risk to the Company.
d. Re-development Projects: Inability to assess or iden fy the
risks and liabili es during feasibility studies, adversely affect the business. Legal
issues/court stay order and recent pandemic scenario also affected the pace of work and
sales & marke ng in some redevelopment projects.
e. Aged Receivables and Payables: Delays associated with the collec
on of receivables from the clients, results in further delayed payment to the contractor,
leading to li ga ons, cost & me overrun in addi on to Expected Credit Loss (ECL).
f. Compe on Risk: Other PSU's have started opera ng in construc on
sector and are quo ng very low rates and ge ng jobs by compe ng against NBCC. This is
resul ng in erosion of the core PMC business of the company and low PMC charges. The
resultant loss of business and low PMC margin could slow momentum and pro tability.
g. Taking Over External Projects (Unitech, Amrapali etc.): Any
unforeseen liability in connec on with the takeover of external projects leads to li ga
ons and may adversely affect business and financial condi on of NBCC.
Internal Financial Control
The Company has designed and implemented a process driven framework for
Internal Financial Controls (IFC) within the meaning of the explana on to Sec on 134(5)
(e) of the Companies Act, 2013. For the year ended March 31, 2022, the Board is of the
opinion that the Company has sound IFC commensurate with the nature and size of its
business opera ons and opera ng e ec vely and no material weakness exists. The Company has
a process in place to con nuously monitor the same and iden fy gaps, if any, and implement
new and/or improved controls wherever the effect of such gaps would have a material effect
on the Company?s opera ons.
Internal Financial Controls over financial repor ng are audited through
external auditors on an annual basis. The controls have been designed to provide assurance
with respect of maintenance of proper accoun ng records, ensuring the orderly and
efficient conduct of its business including adherence to the Company?s policies,
safeguarding of its assets, preven on and detec on of frauds and errors and ensuring
reliability of financial and opera onal informa on. The internal control systems
(including Internal Financial Controls over Financial Reporting) are
reviewed on an ongoing basis and discussed at Audit Commi ee meetings. Necessary changes
are carried out by the management to align with the changing business requirements. In
addi on to the above, the Company has a well-de ned delega on of financial powers to its
various o cers. The Company has in-house Internal Audit and Technical Audit Departments
commensurate with its size of opera ons. The internal audit program, scope of audit and
audit plan is approved from the Audit Commi ee. Internal audit is conducted through
external audit rms and reports are deliberated with the management as well as the Audit
Commi ee. The Statutory Auditors and Audit Commi ee of the Board regularly reviews
significant audit findings covering opera onal, financial and other areas and provides
guidance on internal controls.
VIGILANCE ACTIVITIES AND INTITIATIVES
The Vigilance func on with the NBCC (India) Ltd., is an integral part
of the Management. It is the nodal sec on for handling all Vigilance ma ers of the NBCC.
It is believed that with best prac ces, adequate controls and transparency in place,
decisions will be taken in a professional, efficient and e ec ve manner and same would be
consistent, leading to good governance and corporate excellence. The Vigilance Division of
Corpora on is under the charge of Chief Vigilance Officer (of the rank of Joint
Secretary).
NBCC has observed 'Vigilance Awareness Week' with full enthusiasm from
October 26 to November 1, 2021 on the theme "Independent India @ 75: Self Reliance
with Integrity". The week-long awareness campaign was lined up with insigh ul interac
ve sessions on the theme, relevant workshops & compe ons to generate awareness on
vigilance administra on among employees. Informa on of Vigilance cases, required pursuant
to O ce memorandum issued by Ministry of Parliamentary A airs vide its le er dated F. No.
28(1)2016-Leg.I, Dated January 24, 2018, the details of status of Cases during the FY
2021-2022:-
S.No. Status of Cases |
No. of Cases |
Nature of Cases |
1 Number of Cases at the beginning of Financial year 2021-22 |
24 |
The nature of cases/ complaints are normally |
2 Number of Cases received during the Financial year 2021-22 |
88 |
tender related, |
3 Number of Cases disposed o during the Financial year
2021-22 |
92 |
procedural lapses and financial irregulari
es |
4 Number of Cases Pending at the end of the Financial year
2021-22 |
20 |
related ma ers |
A er inves ga on of complaints, where lapses/ irregulari es are
established, the disciplinary proceedings are ini ated against the delinquent employees.
Further, with an ul mate aim of eradica ng corrup on in the Corpora on, a four pronged
strategy is followed which has also been appropriately incorporated in the Annual Ac on
Plan rela ng to an -corrup on measures:
Preven ve Vigilance
Detec ve Vigilance and Surveillance
Puni ve Vigilance
Use of IT innova ons to curb malprac ces and ensure transparency.
Systemic Improvement Undertaken:
APR in respect of all employees in A&B category has been uploaded
on the website for promo ng transparency.
Implementa on of Provision of EMD Release Payment Voucher.
Streamlining of financial power six months prior to superannua on of o
cers holding the key posi ons is one more ini a ve taken to improve transparency.
Online Proba on Con rma on System is now opera onal
In order to ensure paperless working by using e-o ce, system has been
introduced to restrict the movement of physical papers from Central Dispatch to various
Division/ Department/Sec ons.
Capital Budget Monitoring for Company as a whole on real me basis.
Client Bank Guarantee Report.
Vigil Mechanism/Whistle Blower Policy
The NBCC Whistle Blower Policy? has been formulated to seek
(i) to ensure greater transparency in all aspects of the Company's func oning by formula
ng a procedure for further enabling employees to bring to the a en on of Company incidents
of improper activities or viola on of the company's Service(conduct) Rules and the Code of
Business Conduct & Ethics for Board Members and Senior Management and (ii) to provide
necessary safe-guards for protec on of employees from reprisals of vic miza on for whistle
blowing in good faith. A vigil mechanism for directors and employees to report genuine
concern about unethical behavior, actual or suspected fraud or viola on to the
Company?s Code of Conduct has been established which includes the duly adopted
Whistle Blower Policy, uploaded on the Company?s website at the linkh
p://www.nbccindia.com/ webEnglish/policies
Investors Rela ons Cell
Your Company is commi ed to providing mely, accurate and comprehensive
informa on relevant to all aspects of our opera ons and in compliance with SEBI regula
ons. The purpose of the Investor Rela ons Policy is to ensure transparent and fair informa
on dissemina on. The Company recognizes that e ec ve communica on with investors assists
in development and maintenance of an informed market in the Company?s securi es and
enhances corporate governance by encouraging a culture of transparency in rela on to the
Company?s corporate activities and proposals.
As per the guidelines issued by Department of Investment and Public
Asset Management (DIPAM), Ministry of Finance, Government of India, on Investor Rela ons
for Listed Central Public Sector Enterprises, the Company has been organising/ par cipa ng
in various Investors Conferences / Conference calls in order to communicate with
stakeholders, to enhance and strengthen its corporate governance & investor rela ons
and to develop a strong bond with stakeholders.
The Company maintains a corporate website (h p://www.nbccindia.in). The
Company's business developments, financial reports, announcements, analyst meet &
Investor conferences schedules, news releases and other informa on are posted on the
corporate website. Both current informa on and archives of previously released informa on
including presenta on slides and announcements can be found under the
"Investors" sec on of the corporate website. The Company keeps investors and the
market fully equipped with the informa on that may have a material effect on the price or
value of the Company?s securi es by mely disclosure of informa on through Stock
Exchanges.
Corporate Communica on
The division during the year has strived to integrate Corporate
Communica on activities with the company?s overall vision and strategy in order to
serve the interest of all external and internal stakeholders and reinforce the posi ve
corporate image of the company. The division accomplished number of activities during the
period and major ones include:
Extensive news coverage in print, electronic and online and social
media by way of releasing Press Releases, crea ves, text contents, pictures.
In-house content management for scheduled calender events, Earth Day,
Environment Day, Public Sector Day, Women?s Day and na onal fes vals etc.
Brand building exercises for the company by pu ng out adver sements,
informa on, infographics etc. in print & electronic media highligh ng the achievements
of the Company.
Organizing Interviews, Press Meets.
Leveraging the social media pla orms like Facebook, Twi er, and YouTube
for extensive brand building and dissemina ng important informa on and achievements of the
company.
Content genera on, designing, edi ng & co-ordina on of Prin ng of
Annual Reports of NBCC and its subsidiaries, Content Wri ng, Edi ng
Providing support for in-house events and activities such as Founda on
Day, Annual General Mee ngs, Vigilance Week and other such events.
Website content development and regular upda on of informa on on the
pla orm.
Crea ve design work meant for dissemina on through Social Media pla
orms.
Auditors and Auditor?s Report
Statutory Auditors
M/s Dhawan & Co., Chartered Accountants, was appointed as Statutory
Auditors for the financial year 2021-22 by the Comptroller & Auditor General of India
(C&AG). The notes on Standalone financial statement referred in the Auditor?s
Report are self-explanatory and do not call for any further comments. The Auditors?
Report is a ached with financial statements and forms part of this Annual Report. However,
Statutory Auditor placed a qualified Audit Report on Consolidated financial Statement
before the Board of Directors forming part of this Annual Report.
Cost Auditors
The Company has prepared and maintained cost records as specified under
Sec on 148 of The Companies Act 2013. The cost audit report for the FY 2020-21 has been
led within the prescribed meline with MCA. The Board has appointed M/s Chandra Wadhwa
& Co., Cost Accountants (FRN 000239), to audit cost records of the Company for the FY
2021-22.
Secretarial Auditors
During the FY 2021-22 your company has appointed M/s P. C. Jain, Prac
cing Company Secretary, to conduct Secretarial Audit for the FY 2021-22. The Secretarial
Audit Report for the financial year ended 31st March, 2022 is at Annexure-V.
Further, the Secretarial Audit Report of Material Subsidiary companies as per SEBI (LODR)
2015 forms part of this Annual Report. The Secretarial Audit Report contains following
observa ons
1) Under Regulation 17(10) & 25(4) of the Securities and Exchange
Board of India (Lis ng Obliga ons and Disclosure requirements) Regulations, 2015, the
company has not carried out the performance evalua on of the directors.
2) The composi on of the Board of Directors did not comprise with
sufficient number of Independent Directors as required under regula on 17(1)(a) and
17(1)(b) of the SEBI (LODR) Regulation, 2015, Sec on 149 of the Companies Act, 2013 read
with the Companies (Appointment and Quali ca ons of Directors) Rules, 2014 and Para 3.1.2
and 3.1.4 of DPE Guidelines on Corporate Governance of CPSEs, 2010.
3) The composi on of the Audit Commi ee was not in accordance with the
requirement of Regulation 18(1) (b) and 18(2) (b) of SEBI LODR Regulation, 2015, Sec on
177 of the Companies Act, 2013 and Para 4.1.1 of DPE Guidelines on Corporate Governance of
CPSEs, 2010.
4) The composi on of the Nomina on and Remunera on Commi ee was not in
accordance with the requirement of Regulation 19(1)(c) with the requirement of SEBI (LODR)
Regulation, 2015 and Sec on 178 of the Companies Act, 2013.
Comments of C&AG
Comptroller & Auditor General of India (C&AG) have given
"NIL" comments on the financial statements (standalone and consolidated) of the
Company for the FY 2021-22, forming part of this Report.
Audit Commi ee
During the FY 2021-22, NBCC?s Audit Commi ee comprises of Dr. Jyo
iran Shukla (Chairperson), Shri Asim Misra (Member), Sh. Meghjibhai Chavda (Member), Sh.
Shyam Sunder Dubey (Member) and Shri TLN Reddy (Member).
Number of Mee n of Board of Directors
Pursuant to the Companies Act, 2013 and the Rules framed there under,
24 (Twenty Four) Board meetings were held in the
financial year 2021-22. The details of the meeting are at Annexure-II
i.e. Corporate Governance Report forming part of this Annual Report.
Board of Directors and Key Managerial Personnel
Appointments/Cessa ons
During the FY 2021-22, following appointments and cessa ons were made:
S.No. Name |
Appointment |
Cessa on |
1. Shri Neelesh Shah, Director (Projects) |
- |
31.05.2021 |
2. Shri Rajendra Chaudhari, Director (Commercial) |
- |
10.06.2021 |
3. Shri TLN Reddy, Director (Projects) - Additional Charge |
11.11.2021 |
- |
3. Shri Rajeev Kumar (Independent Director) |
24.12.2021 |
- |
4. Shri Raghavendra Sharma (Independent Director) |
24.12.2021 |
15.03.2022 |
5. Shri Meghji Bhai Chavda (Independent Director) |
24.12.2021 |
- |
6. Shri Bhimrao panda Bhosale (Independent Director) |
24.12.2021 |
- |
7. Shri Asim Misra (Independent Director) |
24.12.2021 |
- |
The strength of the Board of Directors of NBCC as on March 31, 2022 was
Ten (10), comprising of Three (3) Execu ve Directors (including CMD), two (2) Government
Nominee Directors and Five (5) Independent Directors.
During the financial year 2021-22, the Ministry of Housing and Urban A
airs (MoHUA) vide O ce Order No: O-17034/42/2021-PS (e-9118230) dated November 10, 2021
entrusted the addi onal charge of the post of Director (Projects), NBCC (India) Limited to
Shri Tadi Lakshmi Narayan Reddy, Managing Director (HSCL) for a period of one year w.e.f.
June 01, 2021 or ll a regular incumbent joins the post or un l further orders, whichever
is the earliest. A ccordingly, Shri Tadi Lakshmi Narayan Reddy, Managing Director (HSCL)
has assumed the addi onal charge of Director (Projects) of NBCC (India) Limited w.e.f.
November 11, 2021 and appointed as hole- me Director(Director-Projects) of the Company
with effect from the assump on of charge subject to approval of shareholders in Annual
General Mee ng. The tenure of Shri Reddy ended on May 31, 2022. Further, the Ministry of
Housing and Urban A airs (MoHUA) vide O ce Order No: O-17034/42/2021-PS dated July 27,
2022, extended addi onal charge of the post of Director (Projects), NBCC to Shri Tadi
Lakshmi Narayan Reddy , MD-HSCL for a period of six months w.e.f. 01.06.2022 or ll a
regular incumbent joins the post or un l further orders, whichever is the earliest.
Accordingly, Shri Reddy was appointed as Director (Projects) w.e.f. July 27, 2022 by Board
of Directors.
Further, Dr. Jyo Kiran Shukla (Independent Director) has been ceased
from the Company w.e.f July 17, 2022. The Independent Director, in the opinion of the
Board, appointed during the FY 2021-22 possess integrity, requisite exper se and
experience.
Details of Key Managerial Personnel
The following are the Key Managerial Personnel of the Company for the
FY 2021-22 are:
- Shri Pawan Kumar Gupta, Chairman & Managing Director
- Smt. B K Sokhey, Director (Finance) & CFO
- Smt. Deep Gambhir, Company Secretary
The Ministry of Corporate A airs has vide its no ca on dated June 05,
2015 no ed the Exemp ons to Government Companies from the provisions of the Companies Act,
2013, which inter-alia provides that Sec. 134(3) (p) regarding statement on formal annual
evalua on shall not apply to Government Companies in case the Directors are evaluated by
the Ministry which is administra vely in-charge of the company as per its own evalua on
methodology. Further, in line with aforemen oned exemp ons, Sub-Sec ons (2), (3) & (4)
of Sec. 178 regarding appointment, performance evalua on and remunera on shall not apply
to Directors of Government Companies.
Declara on by Independent Director
All the Independent Directors appointed during the FY 2021-22 have met
the requirements specified under Sec on 149(6) of the Companies Act, 2013 for holding the
posi on of Independent Director' and necessary declara on from each Independent Director
under Sec on 149 (7) of the Companies Act, 2013 and Regulation 25 of SEBI (LODR)
Regulations, 2015 was received.
Training of Directors
Your Company undertakes on-boarding training for its Independent
Directors to ini ate them to the organiza on and its various opera ons including strategy,
opera ons, organiza on structure, human resource, technology, risk management etc. During
the FY 2021-22, Your Company has conducted the familiariza on programme and provided them
outbound trainings to make them abreast about the latest developments in Corporate
Governance to gain deeper insights into their roles and responsibili es. Further, the
Company also invests in the learning of Board-level execu ves through seminars and
conferences held in associa on with reputed ins tu ons. The company has made the
arrangement for internal training/outbound trainings of Independent Directors. The
Company?s policy on Directors? Training can be accessed on the corporate website
at the link, h p://www.nbccindia.com/webEnglish/policies.
ANNUAL RETURN
A copy of the Annual Return required under sec on 92 of the Companies
Act, 2013, would be placed at the website of the company at h
ps://www.nbccindia.com/webEnglish/announcementNo ces.
BUSINESS RESPONSIBILTY REPORT
The BRR describes the ini a ves taken by the Company from social,
environmental and governance perspec ves. As a socially-responsible organiza on, NBCC
conducts all its business activities in complete respect of the environment and society,
and in line with its Corporate Governance guidelines. A detailed Business Responsibility
Report is enclosed as Annexure-VI.
RESEARCH & DEVELOPMENT
The Research and Development (R&D) Policy of NBCC is:-
To provide a framework for the development of a research culture within
NBCC, to improve research performance and to achieve high quality technology outputs.
To promote R&D activities as complimentary to construc on
activities so as to improve the quality of work and sustainability.
To contribute towards crea on of wealth and well-being of the company
and further the construc on sector as a whole.
To be suppor ve of the organiza on?s aspira on to be a world class
Construc on Company.
NBCC?s all new projects are conceived/conceptualized in line with
Bureau of Energy E ciency (BEE) and GRIHA norms. Some of the Green Buildings executed by
the NBCC are:-
Vanijya Bhawan , Delhi - GRIHA 3-Star ra ng
SPG Dwarka LEED Pla num ra ng.
Garvi Gujarat Sadan - GRIHA 3-star ra ng.
New Madhya Pradesh Bhawan - GRIHA 3-Star ra ng
Central Informa on Commission Headquarters - GRIHA 4-star ra ng.
Income Tax o ce, Lucknow - GRIHA 3-star ra ng.
NIA Headquarters, Delhi - GRIHA 3-star ra ng.
MSTC Corporate O ce, Kolkata - GRIHA 3-star ra ng.
India?s first and largest Green Home Campus at New Mo Bagh- IGBC-LEED Silver ra
ng.
Na onal Ins tute for Solar Energy (NISE), Gurugram - GRIHA 5-star ra ng.
Indian Ins tute of Corporate A airs, Manesar- LEED Gold ra ng.
Civil Services Officers Ins tute (CSOI) New Delhi - GRIHA 3-Star ra ng.
Coal India Building Headquarters, Kolkata (WB) - GRIHA 4-Star ra ng.
Central Bureau of Inves ga on (CBI) H.Q. LEED Silver ra ng.
Group Head Quarter for CISF at Ahmadabad - GRIHA 3-Star ra ng.
Besides the above, NBCC has setup a C&D waste recycling plant at
the East Kidwai Nagar redevelopment for the manufacturing of bricks, which have been used
in the project.
A) Conserva on of Energy:
i. Steps undertaken or impact on direc on of Conserva on of Energy
and absorp on of technology, threats, Risk and Concern:
NBCC has signed a Memorandum of Understanding (MoU) on December 18,
2017 with the Energy and Resources Ins tute (TERI) for the period of 5 years. Under the
MoU, TERI will be providing advice and consultancy to NBCC on iden fying solu ons for
sustainable development and implementa on of GRIHA for new projects. TERI will also be
assis ng NBCC in formula ng sustainable development policy and long term sustainable
development plan. Further, it will be giving consultancy for conduc ng environment
assessment and energy management in the exis ng projects among others.
ii. Steps taken by the Company for u li ing alterna ve sources of
energy:
Installa on of Roof Top solar power panels, solar heater, solar street
ligh ng etc. iii. Capital investment on energy conserva on equipments:
As most of the projects executed by NBCC are in line with the GRIHA
norms, the equipments used are all energy efficient.
Installa on of LED based ligh ng in all NBCC Buildings.
B) TECHNOLOGY ABSORPTION:-
i) The efforts made towards technology absorp on:
Presenta ons of new products and innova ve technologies of best in
class companies are being organized.
ii) The benefits derived like product improvement, cost reduc on,
product development or import subs tu on:
Awareness about the new technologies and products is being imparted to
the senior management for u lizing the same in the projects.
A circular has been issued for adoption of 54 nos. innova ve
technologies for the benefits of me saving, social benefits and environmental benefits.
A laboratory on Durable Construc on tes ng has been set up for durable
construc on, tes ng, durability inves ga on and durability assessment of reinforced
Concrete and masonry structures.
iii) In case of imported technology- NA
iv) Expenditure incurred on R&D activities in the FY 2021-22
was Rs. 26.11 Lakh.
C) Foreign Exchange Earnings and Out-go
The details of foreign exchange earnings or out-go during the period
under review are as under: Foreign Exchange Earning: Rs. 224,11,26,640/- Foreign Exchange
Outgo: Rs. 28,60,81,316/-
PROGRESSIVE USE OF HINDI
The provisions of the O cial Language Policy of the Government of India
have been implemented in the company. Employees are encouraged to do their o cial work in
Hindi. In the company, schemes like Hindi No ng-Dra ing Incen ve Scheme, Hindi Dicta on
Incen ve Schemes etc. of the Department of O cial Language, Ministry of Home A airs have
been implemented in which employees par cipate. Apart from this, In order to encourage the
employees to do o cial work in Hindi more and more, an internal compe on named Quarterly
"Hindi Vyavhar Pra yogita" has also been implemented for A?,
B? and "C? Region. During the year, several efforts have been made in
the company towards increasing the progressive use of Hindi. During the year 2021-22,
quarterly meetings of O cial Language Implementa on Commi ee (OLIC) were organized
regularly to review the progressive use of O cial Language Hindi in the Company.
During the year, your Company organized Hindi workshops to promote o
cial use of Hindi typing, Unicode, Hindi no ng and dra ing etc. in which par cipants from
Corporate O ce, RBG, SBG and Zonal O ces par cipated.
Hindi Pakhwada was organized from September 01, 2021 to September 14,
2021 with the objec ve to increase use of Hindi in o cial work in the corporate o ce.
During this period, online Hindi quiz compe on based on "Azadi Ka Amrit
Mahotsav" and o cial language was organized from 03rd September to 09th September,
2021 in which the employees ac vely took part. As per the direc ons of the Department of O
cial Language, Ministry of Home A airs, a saransh digital board was installed at NBCC's
officeat Praga Vihar in which daily one Hindi word and its English meaning and epigram of
great men etc. are displayed. NBCC (India) Limited was conferred with the highest and pres
gious Rajbhasha Kir Award for the year 2020-21 in the Public Sector Undertaking category
of Region 'A' for its outstanding performance in the eld of O cial Language in a grand
ceremony held at Vigyan Bhawan on 14th September, 2021 in the august presence of Hon'ble
Home & Coopera on Minister Shri Amit Shah, Hon'ble State Home Minister Shri Nityanand
Rai, Shri Ajay Kumar Mishra and Shri Nisith Pramanik.
RIGHT TO INFORMATION
Right to Informa on (RTI) Act, 2005 has empowered the Indian ci zen to
access informa on from public authori es, resul ng in transparency and accountability to
the working of the authori es. Your Company has appropriate mechanism to provide informa
on to ci zens under the provisions of Right to Informa on (RTI) Act, 2005.
The status of RTI received during the year 2021-22 is as follows:
|
|
|
RTI applica ons |
|
|
RTI Applica on received |
Rejected |
Informa on provided |
Transferred to other
public Authority |
Returned to Applicant |
Pending Applica ons |
412 |
1 |
293 |
15 |
0 |
103 |
Signi cant and Material Orders
There is no significant and material orders during the financial year
2021-22.
Insolvency and Bankruptcy Code, 2016
During the FY 2021-22, no applica on made or any proceeding pending
under the Insolvency and Bankruptcy Code 2016. However, one wholly owned subsidiary
Company of NBCC i.e. NBCC Engineering & Consultancy Limited (NECL) has been wound-up
by liquidator through voluntary winding-up under sec on 59 of the Insolvency and
Bankruptcy Code, 2016 and an applica on was led before Hon'ble NCLT for dissolu on order
of the Company. The order of Hon'ble NCLT for dissolu on of the Company is awaited.
Repor ng of frauds by Auditors
During the FY 2021-22, neither the statutory auditors nor the
secretarial auditor has reported to the audit committee, under Sec on 143 (12) of the
Companies Act, 2013, any instances of fraud commi ed against your Company.
One me se lement and valua on
During the financial year 2021-22, no event has taken place that give
rise to repor ng of details w.r.t. difference between amount of the valua on done at the
me of one me se lement and the valua on done while taking loan from the Banks or Financial
Ins tu ons.
Pa ula s of Employees
The provisions of Sec on 134(3)(e) of the Act are not applicable to a
Government Company. Consequently, details on Company's policy on Directors?
appointment and other ma ers as required under Sec on 178 (3) of the Act, are not
required. Similarly, Sec on 197 of the Act is also exempt for a Government Company.
Consequently, there is no requirement of disclosure of the ra o of the remunera on of each
Director to the median employees remunera on and other such details, including the
statement showing the names and other par culars of every employee of the Company, who if
employed throughout / part of the financial year, was in receipt of remunera on in excess
of the limits set out in the rules are not provided in terms of Sec on 197 (12) of the Act
read with Rule 5 (1) / (2) of the Companies (Appointment and Remunera on of Managerial
Personnel) Rules, 2014.
GENERAL:
Directors hereby state that no disclosure or repor ng is required in
respect of the following items as there were no transac ons on these items during the year
under review: 1. There was no issue of shares under ESOS to the employees.
2. Neither the Chairman & Managing Director nor the Whole Time
Directors (except Shri TLN Reddy - Director (Projects) - Additional Charge, who is
Managing Director of HSCL, the subsidiary company) received any remunera on or commission
from the subsidiary companies.
3. The company is compliant of the Secretarial Standards issued by the
ICSI from me to me.
4. All direc ons issued by the Government of India during FY 2021-22
have been duly complied with by the Company.
DIVIDEND DISTRIBUTION POLICY |
h ps://www.nbccindia.in/pdfData/policies/DividendDistribu
onPolicy.pdf |
NBCC WHISTLE BLOWER POLICY |
h
ps://www.nbccindia.in/pdfData/policies/NBCC%20WHISTLE%20BLOWER%20P OLICY.pdf |
CSR & SD POLICY |
h
ps://www.nbccindia.in/pdfData/policies/CSR%20and%20SD%20Policy%20202 1%20updated.pdf |
RELATED PARTY TRANSACTION POLICY |
h
ps://www.nbccindia.in/pdfData/policies/NBCC_RPT_Policy_01.04.2019.pdf |
TRAINING OF DIRECTORS |
h
ps://www.nbccindia.in/pdfData/policies/Training%20of%20BOD.pdf |
NBCC POLICY ON DETERMINATION OF |
h
ps://www.nbccindia.in/pdfData/policies/NBCC%20Policy%20on%20Determina |
MATERIALITY OF EVENT/ INFORMATIONS |
on%20of%20Materiality%20of%20Event%20or%20Informa on.pdf |
NBCC POLICY ON MATERIAL SUBSIDIARIES |
h
ps://www.nbccindia.in/pdfData/policies/NBCC%20Policy%20on%20Material%
20Subsidiaries_06_08_2019.pdf |
POLICY ON DIVERSITY OF BOARD OF DIRECTORS |
h
ps://www.nbccindia.in/pdfData/policies/Policy_on_board_of_diversity.pdf |
5. The company have prepared the policies as required under the
Companies Act 2013 and SEBI (Lis ng Obliga ons and Disclosure Requirements) Regulations,
2015. The link of the major policies on the website is given hereunder.
ACKNOWLEDGEMENT
The Directors of your Company acknowledge and appreciate the co-opera
on received and support received from the Government of India, State Governments,
different ministries par cularly Administra ve Ministry i.e. Ministry of Housing and Urban
A airs, DPE and MCA.
The Board also appreciates the contribu on of contractors, vendors and
consultants in the implementa on of various projects of the Company. Your Directors thank
all share-owners, business partners and all members of the NBCC Family for their faith,
trust and con dence reposed in the Board. We wish to place on record our apprecia on for
the un ring efforts and contribu ons made by the employees at all levels to ensure that
the company con nues to grow and excel.
|
On Behalf of the Board of Directors |
|
Sd/- |
|
Pawan Kumar Gupta |
|
Chairman & Managing Director |
|
(DIN: 07698337) |
Place: New Delhi |
|
Dated: September 05, 2022 |
|
|