Lean and clean business model: NBCC occupies a unique position as being one of the most efficient PSUs with a lean business model that has enabled it ensure scalability without adding on the burden of debt. Backed by a large and rising Order Book, there is ample revenue visibility going forward for at least 4 years. Subcontracting majority of the work helps it remain asset light. In its PMC business, NBCC collects significant amount of its payment upfront, thereby maintaining a...