The consortium of NCL Industries Limited and NCL Buildtek Limited have been awarded a letter of acceptance (LoA) of bids aggregating to Rs 1,863.19 crore from the Andhra Pradesh State Housing Corporation Limited (APSHCL).
The companies have been given an order for a supply of pre-painted (GI) steel window frames with glazed shutter and GI powder-coated door frames to APSHCL as a part of the scheme of the State Government of Andhra Pradesh.
The State Government has implemented the scheme named “Navaratnalu-Pedal Andariki Illu” which is aimed to provide housing for all poor and lower-income groups.
The consortium of the two players was selected after a rigorous bidding process followed by a reverse auction amongst shortlisted bidders.
What is in the programme?
The order is valued at over Rs 1,400 crore for 8.56 lakh units of window frames with shutters. They are supplied in the six districts of East and Wes, namely- Godavari, Krishna, Guntur, YSR Kadapa, and Ananthapuram.
The other order, worth over Rs 460 crore is for the supply of 7.72 lakh door frames to the same set of Eastern and Western Districts of the state.
NCL Buildtek Limited is the flagship company of the NCL Group, a prime realty group in South India, providing complete building-making solutions across the country.
Secunderabad-based NCL Buildtek Limited is the Consortium leader and is engaged in the manufacture of profiles for pre-painted steel windows and shutters.
In the official media statement released by the company, K Ravi, managing director of NCL Industries said “We are happy NCL Group is able to play a role in the flagship program ‘Pedalandariki Illu’ of the Andhra Pradesh government. Our goal for this project has been to keep the price affordable and provide a quality product.”
Adding to his vision, B Subba Raju, his counterpart in NCL Buildtek said, “We have started enhancing our manpower and manufacturing facilities to meet the tight delivery schedules. We are confident of meeting the tough timelines for executing the orders.”
NCL Buildtek Limited (erstwhile known as NCL Alltek & Seccolor Limited) is the sole licensee in India for ICP plasters and successfully completed many prestigious projects.
It manufactures different grades and different finishes for interior and exterior applications like plain, granular, textured and other designer finishes to suit various tastes of Architects, Builders, and Interior Designers.
In the pandemic hit the financial year 2020-21, the company reported a 7.5 percent fall in revenue to Rs 265 crore and a net loss of Rs 7 crore. In FY 2019-20, the company had posted a revenue of Rs 285 crore and a net profit of Rs 35 crore.