NBCC Secures ₹235 Crore in New Orders

4 Nov 2024 , 01:49 PM

NBCC (India) Ltd., a state-owned construction company, announced multiple new orders worth ₹235.46 Crore in a recent exchange filing. Key orders include a ₹186.46 Crore contract from Power Grid Corporation of India Ltd. for renovating its corporate office in Gurugram.

NBCC also secured a ₹44 Crore contract from Mahatma Gandhi Kashi Vidyapith University in Varanasi to build a multipurpose examination hall and innovation center.

At the time of writing on November 4, 2024 at 1:40 pm, shares of NBCC (India) Ltd is trading at ₹97.64 which is a 2.33% dip than the previous close. NBCC (India) Ltd stock has gained a total of 117% in the last one year, and 78% gain since the beginning of the year.

On October 28, NBCC won six redevelopment contracts in Goa totaling ₹1,726 Crore, involving projects like Junta House and a government quarters redevelopment at St Inez.

Additionally, NBCC received around ₹168 Crore worth of contracts in the previous month, while its subsidiary HSCC (India) secured ₹1,322.48 Crore in orders from the Employees State Insurance Corporation.

In October, NBCC’s subsidiary was awarded a ₹1,000 Crore contract for campus development at Gondwana University in Maharashtra, alongside a ₹198 Crore order from SAIL Bokaro steel plant.