NBCC (India) Limited has secured an order worth approximately ₹15,000 crore from the Srinagar Development Authority, according to an exchange release. The project entails the development of a 406-acre satellite township at Rakh-e-Gund Akshah, Bemina in Srinagar.
Following the announcement, shares of the state-owned company surged nearly 9%, trading at ₹184.18 on the National Stock Exchange at 1210 IST. The shares have gained 127% so far in 2024, driven by a robust order book.
NBCC is scheduled to announce its first quarter results for 2024-25 on August 13.
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