NBCC Wins ₹500 Crore BIS Project, Adds Major Contracts Nationwide

5 Nov 2024 , 10:36 PM

NBCC (India) Ltd announced on November 5 that it secured a ₹500 crore construction contract from the Bureau of Indian Standards (BIS).

The order involves constructing buildings at BIS headquarters in New Delhi, a central laboratory in Sahibabad, the National Institute of Training for Standardization in Noida, and regional laboratories in Mohali and Bengaluru.

At the time of closing on November 5, 2024 shares of NBCC (India) Ltd closed at ₹96.80 which is a 1.03% dip than the previous close. NBCC (India) Ltd stock has gained a total of 115% in the last one year, and 77% gain since the beginning of the year.

On November 4, NBCC’s subsidiary, Hindustan Steelworks Construction Ltd (HSCL), received a ₹65 crore project to develop Bank of Baroda’s commercial plot at Financial City, Bengaluru Hardware Park. HSCL will execute the Bank of Baroda project on a deposit work basis, as stated in the exchange filing.

Last week, NBCC received multiple orders totaling ₹235.46 crore, including a ₹186.46 crore project from Power Grid Corporation of India Ltd for renovation of its corporate office in Gurugram.

Additionally, NBCC was awarded a ₹44 crore contract from Mahatma Gandhi Kashi Vidyapith University in Varanasi to construct a multipurpose examination hall and innovation center.