NBCC Secures ₹198 Crore Solar Project from SAIL

10 Oct 2024 , 01:07 PM

NBCC (India) Ltd secured a ₹198 Crore order from SAIL Bokaro Steel Plant to design, supply, and install a rooftop solar system in Bokaro, Jharkhand.

The company also won a ₹101 Crore contract from the National Highways Authority of India (NHAI) for Project Management Consultancy (PMC) for constructing permanent office buildings for regional offices (ROs) and project implementation units (PIUs).

At the time of writing on October 10, 2024, at 1:01 pm, NBCC (India) Ltd stock is trading at ₹114.87, reflecting a 1.11% dip from the previous closing price. Over the past year, NBCC (India) Ltd stock has risen by an impressive 178.61%, and it has gained 110.50% since the beginning of the current year.

Earlier this week, NBCC shares traded ex-bonus following the company’s announcement of a 1:2 bonus issue, with October 7 set as the record date.

Last month, NBCC’s subsidiary, HSCC (India) Ltd, bagged a ₹1,260 Crore order from the Union Ministry of Health and Family Welfare to establish an AIIMS in Darbhanga, Bihar. Additionally, NBCC signed an MoU with MTNL Ltd to develop a 13.88-acre land parcel in New Delhi, valued at ₹1,600 Crore.